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Filling NI contributions gaps to retire early
I am projected to have max state pension provided I'll pay contributions for the next 15 years (no idea how it works, as there is no way I'll have 35 years of contributions by 2039) I've got a couple of gaps 2011/2012 and 2010/2011. I don't intend to work all 15 years from now, and I just wonder would it make sense to pay…
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Ebay selling and class 2 contributions
Due to sales in excess of the £1000 allowance online, I have applied for sole trader status with HMRC. I sell approximately £2k to £3k per annum. Whilst doing so, I noticed that I also applied for class 2 NI contributions, which as far as I can see is not compulsory. My question is whether is is worth paying this reduced…
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Effect on voluntary NI payments when my birthday just (about a week) after the Tax year starts
Hello All, I wonder if somebody might know the answer, or point me in the right direction to a possible answer, in regard to Voluntary NI contributions. I am not currently working. I am going to pay one more year’s contribution because according to the online NI system I need to pay one more year’s voluntary contribution…
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Worth paying my 2006-2007 national insurance shortfall?
Hi, I am hoping to receive some advicse. I have the message below indicating I need to pay £459.65 to make my contributions for the year 2006-2007 complete. I am 38 years old. Is it worth me making this voluntary payment? Many thanks "You have contributions from Paid employment: £111.88 Pay a voluntary contribution…
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Can I pay state pension contributions in advance in case of unemployment in future
Hi Question: Can I pay for the next 6 years of pension contributions in advance 2024/5 - 2030/31? I am self-employed and am up to date with pension contributions so far with about 6 more years of contributions to make in the 8 years I have left to do so. The problem is I am not winning work like I used to and I think it is…
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Plugging NI gaps for free with NI credits
Step 3 of the Buying National Insurance guide on the MSE website says: if" you have gaps in your record, see if you can plug 'em for FREE with NI credits" One of the options for this is: "- Unemployed and actively looking for work: You needn't have been claiming jobseeker's allowance, but will need to prove you were…
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Self Employed options for making NI Contributions
My wife is 53 and a self employed hairdresser. She needs another 8 years contributions before obtaining the full £221.20. There are 4 available years she can fill the gaps from 2013 - 2016 at a cost of £3296.80. Her current net profits are in the region of £22,000 and she is paying voluntary NI contributions however we…
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Delay in posting additional contributions
In May after listening to the pod cast of Voluntary Contributions I completed the advised forms and submitted them - after a few weeks I had a ‘quotation’ with phone numbers at HMRC to call to make payments- did that and made a plan with the very helpful folks at HMRC - after making the transfer in June 2024 and then some…
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Topping up pension missing years by using Home Responsibility Protection (HRP)
I was told this was possible by transferring my wifes HRP for 16 years of child benefit from the 80s, so completed the form and sent it in. I have a letter saying that 16 years as now been transferred to myself, but can't see any changes to my pension years shortfall of 9 years. I thought this would lead to NI credits…
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CF83 form response delay
Hi all My partner and I lived in Germany from 2007 - 2015 and he wants to pay voluntary NICs. He filled out a CF83 form and posted it in May 2024 and expected a 6 week wait to receive a letter with a table of payment amounts. He never received anything so called in October 2024 and they sent out seemingly the same form…
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State Pension: Option to Stop paying once reaching 35 qualifying years
If I were to retire once I reach 35 qualifying years for national insurance (living off savings until I reach 68) would I still need to pay National Insurance to keep the eligibility for Full State Pension. Or could I have years of not contributing to NI once I reach 35 qualifying years. I believe the answer to be I could…
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Speaking to someone at HMRC
We live overseas and my wife needs to find out her NI number so she can add voluntary contribution to top up her state pension by the April deadline. She does not know her NI number and the automation on HMRC website needs her postcode which she does not know from 40 years ago. We've written to them 2 months ago but no…
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NI credits for years I wasn't working or claiming benefits
Background: I retired from work in 2015 when I was 62. I immediately put a DB pension into payment and also started drawing down from a SIPP. In June 2018 I started receiving my State Pension, which was in excess of whatever the full payment was at the time. All good. Yesterday I was poking around in my Personal Tax…
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Paying missed N I years
Apologies if I should have just continued from another thread. I have the 18 digit number from HMRC in order to pay missed years. It's about £4k i need to pay. Can anyone confirm or otherwise, that I can pay in a couple of instalments. Clearly they wont be over a long period as the full amount needs to be in by April '25.…
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Penalties for not declaring rental income
I've been a landlord for the last 3 financial years, but because it's my only job and my profits fall below the personal allowance I don't need to pay tax. Because I have no pension besides the State Pension I'd like to back pay Class 2 NICs for these years. (NB: Because profits are between the small profits threshold and…
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What questions are asked by HMRC regarding NIC history when ringing up to claim SP?
Hello helpful folks, So that I can try to get my files in order, can anyone provide an idea of what questions are asked by HMRC regarding NIC / location / employment history when ringing up to claim SP please? I ask as I have moved around a lot, had a number of limited companies where some history was lost, paid dividends…
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Backdating rules for self employed-Class 2
Can those that were self-employed, e.g 2006-2016, fill any gaps needed back to 2006? and pay at the class 2 rate? I have had read other posts and used that information to say i can, but after 3 attempts to put my case HMRC say NO. The last adviser did say a i could write a letter to them but that could take months to get…
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voluntary NI contributions - NI increase anyway?
Hello! I
wonder if you could clarify for me if the increase in NI will affect me as well
– I pay monthly the voluntary NI payment for the pension. I have been doing so
for quite a few years. I
am not working and I do not claim benefits. I pay approx. £87 per month in NI
contributions. I have still 3 years to pay to reach…
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Confused about forecast
I checked my pension forecast 18 months ago (on gov.co.uk) and it showed me my "Estimate based on your National Insurance record up to 5 April 2023" which was about £200 per week, and it then said "Forecast if you contribute another 4 years before 5 April 2033" which was the full pension amount, As I am no longer working,…
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Should I buy these 4 pre 2016 vol NIC years?
Just after some advice please… Paid 24 full yrs NIC from 1988-2012 but none since. State Pension Statement in 2016 estimated my Starting Amount at £123.62/week back then. No COPE. I can buy all 11 years from 2012/13 to 2022/23 to get 35 total. HMRC sent me a Schedule. Would buying the 4 before 2016 do anything for my…
