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NI payment gaps while self employed
Hi I am hoping someone can help. After watching the show on pensions I looked into my pension
shortfall. I have several years showing as not full and that the cost of filling gaps are £824.20
for all of the years that are not full. I am self employed and for many of these years my profits
have been below the £12570…
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Should our accountant have advised me to pay NI?
Hi, when my husband and I started up our new hospitality business (a partnership- so we are self employed) we didn't pay ourselves for the first 5 years. We lived onsite, ate the food there and our cars and phones were paid for by the business. We had a bookkeeper and we took on an accountancy firm to do our end of year…
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How to pay money into a specific NI year?
We've checked online for pension predictions for my wife, and currently her prediction is £190.72 per week as she is short by five non-full NI years. Her current income is below the NI threshold so she won't be adding any more years via work between now and her retirement in seven years. Carer years when my daughter was…
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Voluntary NICs, living abroad, how?
Hi all. Two quick questions if I may. 1. I would like to fill in a few gaps in my NI years because although only in my early 40s I'm living and working abroad down under and likely will be for a few years to come. I'm unable to buy the years online, not sure why. Maybe because I'm living abroad. I need to speak to someone…
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Confused - Forecast shows full state pension, but have less than 35 full years NI
I've checked my state pension forecast to see if there are any gaps that I should fill before the 5 April deadline. I have so far paid 33 full years and there is one year that is not full and I can still top up. However, I'm a bit confused…
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40+ Qualifying years but not a full State Pension
Hi, I am confused and frustrated, and wondered if anyone has experienced the same problem with HMRC. I am currently receiving less than the full state pension and queried this with HMRC. They confirmed that I have in excess of 40 qualifying years, but because I retired early ( 2 years before my official retirement age ), I…
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Martin says one thing about buying NI years, the Government seems to say another
As I understand it, Martin's advice is that buying one missed NI year for around £800 ought to increase our state pensions by approximately £300 per year. However: The Government seems to be telling me that even if I were to buy SIX years (to make my total 35 years) I'd get only about £150 more per year - which would mean…
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Why can't I pay for Voluntary NI contributions online? Option was there previously, now gone!
Just logged into Government Gateway intending to pay online for one year's contributions only to find when I went through the brief questionnaire, I was directed to contact the Future Pension Centre. I previously topped up in 2023 when Martin Lewis highlighted the issue. I have 8 years until I reach pension age and the…
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Should I fill in the missing years?
This discussion was created from comments split from: State pension - on 'Check Your State Pension' - can't make sense of my estimated value.
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39 years contribution but 5 years gap recently...I think my wife is OK for a full pension but.....
I am hoping I am correct but keen for some of your expertise to confirm. My wife has 38 years of full State Pension contribution from 1982. Since 2019 to date she has only one more year of full contributions so in total 39 years of contributions. The forecast shows she would get the full amount and it can't increase. That…
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How to Pay volunatary class 3 pension contributions
Hi all, so like many I am trying to pay the gaps before the dealine. I can't get through to do over the phone so am looking for a workaround, but they mention a register of interesst to pay vol. contributions, there is no visible form on their site, just a button to request a call back in about 8…
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NI contributions with no work
I'm on a zero hours contract as a TEFL teacher and have sadly had a total of 25 hours work since 1st December 2024, due to drastically decreased student numbers. How can I keep my NI contributions up to date to ensure I don't have any gaps? Am looking for easy to follow advice (for dummies!) please. With grateful thanks.
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Buying extra NI years?
My pension forecast currently says I'm on track to receive £221 per week if I work 5 more years. At the moment, based on data to April 2024, I'm looking at £190 per week. It looks like I can top up 4 years of NI from 2020-21, so I assume this'll reduce the five years down to one? Those four years will cost around £2500 on…
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Help needed please re: State Pension shortfall
Hoping for some help if poss please with a relative's state pension situation. Unfortunately they only currently have 8 years contributions (all pre 2016). State pension date of 2035. Their forecast in the green box is £121.69 a week. £6,349.61 a year - based on NI record up to April '24, this is assuming that they will…
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NI Top Up - Jersey, Channel Islands
Hi everyone. I am trying to find out if I need to top up my NI for a missing year 2016-17. I was on low income that year, hence not paying in. My forecast, however, says that I will receive the full amount. But when I go through the HRMC apps questions, it asks about working abroad in the last 18 years. I wasn't abroad in…
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Contracted out but no effect on new state pension forecast?
Hi, I thought I'd look at the muddy world of my state pension forecast and I'm a little confused. I just hit 60, but I only started a workplace pension in early 2002. My new state pension forecast tells me "Your forecast is £221.20 a week, £961.83 a month, £11,541.90 a year" "£221.20 is the most you can get. You cannot…
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Pension Forecast of £221.48
Got a forecast from the government website of £221.48. This is not the standard £221.20 or that amount plus 4.1% April increase. I can’t find any reference to that amount when googling. I know it’s only pence but I’m concerned if this amount is incorrect, is the rest of the info? Sorry if in wrong forum - I’m new 😀 Any…
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Future Pension Centre Calling Back within 8 weeks
I phoned the Future Pension Centre earlier, I was told that they would call me back within 8 weeks! I mentioned that if it takes 8 weeks that will be later than the 5th April 2025 deadline for topping up. I was told that as my call was registered today, I will still be able to top up even if they don't get back to me until…
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Mature Student Pension Credit
Thanks to Martin I've just found that I can buy 5 years of National Insurance credits from 2010 to 2015. I've sent away the email to hold my place in the queue and get a call back. I'm 73 now but was a mature student during those years when I was aged 59 to 64. Will I have to pay the full amount of around £4,000 or can I…
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Pension boost deadline - forecast greater than the max?
Clearly clearly stated that the maximum weekly pension is £221, you cannot get more. But I checked mine and it says £227! Nice little extra but how can that be?
