When do you stop paying NI?

glitterkitty

sebastianj wrote: »

Is it not true that the last 5 years before retirement, NI contributions are automatically credited if you don't have a proper job??
rgd seb

depends how much you are earning. its only paid if you are earning below the LEL (lower earnings limit) which for this tax year is £90pw. once you earn above that, your employer pays a contribution on your behalf, and you dont qualify for the auto credits (unless you dont earn above the LEL for the full 52 weeks of the year)
this is getting phased out soon, as the rules for pensions are being equalised for men and women. Auto Credits are only for men between the ages of 60 and 65.

artha

Oblivion wrote: »

Anyway, to the OP, make the most of your retirement ... it should and can be the best time of your life.

Dave

Thanks dave. Although I'm not going to retire on a fortune I'm hoping that the time to do what I want is more than money can buy