Questions about NI contributions

cslogg

I have been paying NI contributions for around 43 years.I have 7 years until I retire.Do I have to carry on paying until then or can I /should I stop?I understand you may only have to contribute for a certain number of years to get the full state pension,if this is the case,why pay more?

Thanks
cslogg

jennifernil

you do have to pay if you are still working.

CLAPTON

You have to pay NI if you are working and earning and you are below state pension age (currently 60 for females and 65 for males)... unfair I know.

jancee_2

CLAPTON wrote: »

You have to pay NI if you are working and earning and you are below state pension age (currently 60 for females and 65 for males)... unfair I know.

I disagree that it's unfair. NI isn't just for your pension. It entitles you to certain benefits and a small proportion of it goes to the NHS.

Paul_Herring

cslogg wrote: »

I have been paying NI contributions for around 43 years.I have 7 years until I retire.Do I have to carry on paying until then or can I /should I stop?

You carry on.

I understand you may only have to contribute for a certain number of years to get the full state pension,if this is the case,why pay more?

Because NI pays for a lot more than 'your state pension.'

It's the metric used to sort out your entitlement to state pension, but it's not the be-all-and-end-all of it.

Stop being so bloody selfish.

Robert_Sterling_3

The OP ask a straight forward question which needed a factual response.

I for one do not associate myself with the reply from the previous poster.

Paul_Herring

Robert_Sterling wrote: »

The OP ask a straight forward question which needed a factual response.

I for one do not associate myself with the reply from the previous poster.

Which part of my post did you disagree with?

Cook_County

Paul_Herring wrote: »

You carry on.

Because NI pays for a lot more than 'your state pension.'

It's the metric used to sort out your entitlement to state pension, but it's not the be-all-and-end-all of it.

Stop being so bloody selfish.

National Insurance is a tax - it just so happens that it is partly hypothicated towards future benefits. As with any tax you would avoid it if you could if you don't need the hypothication, e.g. by salary sacrifice.

CLAPTON

Paul_Herring wrote: »

You carry on.

Because NI pays for a lot more than 'your state pension.'

It's the metric used to sort out your entitlement to state pension, but it's not the be-all-and-end-all of it.

Stop being so bloody selfish.

It's always good to get a variety of different views and yours is certainly a valid one.
However, I would hope that on sober reflection you might consider "stop being so bloody selfish" was inappropriate in these circumstances.

cslogg

Thanks everyone for your answers, apart of course from the comment by Paul_Herring who seems to think he knows me and the reason for my question.
So pleased with it he posted it twice.

cslogg