My name is Lyanne and I’m the managing director of Wilds. Welcome to our website we’re so glad you found us. There’s lots to take in on here but if you have any questions just fill in the contact form and we’ll get back to you.

Here at Wilds we’re all about helping you to achieve your ambitions. The Wilds team have already achieved some of theirs: completing a 6 marathon challenge, being able to do the school run and getting more involved in charity work. But enough about us we’d like to get to know you so if you would like to come in for a coffee and a chat to see if we could help you please get in touch.



Class 2 NIC is finally being abolished from 6 April 2019.

Class 2 NIC currently gives entitlement to State Pension, Maternity Allowance, Bereavement Benefits and the Employment & Support Allowance, these benefits will fall under Class 4 NIC with effect from 6 April 2019.

For 2018/19, Class 2 NIC is payable at £2.95pw or £153.40 pa. Class 2 NIC is payable where profits exceed the “Small Profit Threshold” of £6,205 but the legislation allows the self-employed with profits below this to pay Class 2 NIC voluntarily.
From 2019/20 it has been announced that Class 2 NIC will be abolished but that for those self-employed persons with profits that fall between a new Class 4 NIC Small Profits Limit (effectively the old Class 2 NIC small profit threshold) and the Class 4 NIC Lower Profits Limit will be deemed to have paid Class 4 NIC thereby giving the person a qualifying year for benefit entitlement purposes. The Small Profits Limit will be set at 52 weeks times the Class 1 NIC Lower Earnings Limit – currently £116pw or £6,032pa.
This will create an issue for clients with low profits who wish to protect their contribution years. Whilst previously they could voluntarily opt to pay Class 2 NIC once it has been abolished they will no longer be able to do so. There is the option of paying Class 3 NIC voluntarily but that is £14.65pw or £761.80pa almost 5 times the rate of Class 2 NIC.

Consideration should be given to whether deferring a capital allowances claim might smooth the profits over a few years so that the overall profit is the same but in each year it exceeds the new Class 4 NIC Small Profits Limit. As well as gaining extra protection it will also reduce the NIC payable.

Finally whilst none of us have a crystal ball, the reduction in number of contributory years to qualify for a full pension might mean the decision is taken to allow that year to become non qualifying.