It is especially worth reminding:
(1) Businesses that employ the spouses of proprietors (regardless of whether the business is incorporated) and
(2) those shareholding directors taking withdrawals from their business wholly by way of dividend
that in order to secure
– long term retirement pensions
– widows pensions
– short term benefits e.g. incapacity, unemployment and maternity absences
it is only necessary to have some earning in excess of the lower earning limit – currently £66.
On the face of it (with the first £33 being exempt) it would seem that one would only need £66.01 to qualify. For the tiny amount that needs to be contributed (1p per week) will secure the benefits referred to.
It is essential that especially in the dividend/salary debate clients are made aware of the benefits that will be lost if no NIC is paid. This position may be extremely common amongst those directors taking their entire funds from the company through dividends.