Making extra NI payments for lost years

wheretheresawill

My main fear was getting ill again and not getting additional years. My plan is to work full time untill retirement age or 60 am now well From what I could gather my main issue would be if I was to marry a rich bloke and be a lady of leisure with no kids (some hope!) as I would be covered for sickness; unemployment or staying home with any children.

Any advice welcome please!

seven-day-weekend

You have 35 years to make up the additional 26 years.

Even if you were ill or unemployed you would get NI credits towards your pension if you were claiming the appropriate benefits (Incapacity Benefit/Employment Support Allowance or Jobseekers Allowance).

In the scenario you mentioned (marrying the rich guy and being a lady of leisure) you could pay voluntary contributions. If you had children and received Child Benefit your NI would be credited for up to twelve years.

And as you say you'll hopefully have your NHS Pension to come too.

So I personally don't think you have much to worry about.

seven-day-weekend

wheretheresawill wrote: »

I'm 32,
My parents are willing to pay my NI contributions for one of the years that I can top up and if I ask them they would err on safe side and pay, however I now think theres really no point. I think parents dont trust gov advice and cos dads pension is so bad hes got to keep on working 7 days a week at 63 for god knows how many years

Any advice welcome please!

This must be a private or Occupational Pension? Won't he also have his State Pension to come when he is 65?

wheretheresawill

yeah private pension, plus state pension at 65. I think the private one lost a lot of money but don't really understand why.

Thanks for replying, much appreciated