DoI still pay Class 1 & 4 NI when retired?

ipri

I retire next year aged 60.....do i still pay these?....will i still get full state pension? thanks ian

CLAPTON

Assuming you are male then
-you do not pay NI on your pension income
-you do pay NI on earned income until you reach the state pension age.

CLAPTON

ps...

you will get a full state pension when you reach the state pension age if you have 30 years worth of NI contributions (or credits).

McKneff

CLAPTON wrote: »

ps...

you will get a full state pension when you reach the state pension age if you have 30 years worth of NI contributions (or credits).

its 39 years up to April, 2010 then 30 years after that so it depends when you have your birthday really.

Its brilliant not to have to pay NI.

ipri

I retire at 60...I will get superann pension + interest on savings???

CLAPTON

McKneff wrote: »

its 39 years up to April, 2010 then 30 years after that so it depends when you have your birthday really.

Its brilliant not to have to pay NI.

I assumed Ian (the OP) was a man and if he's 60 now then it will be some years before he reached state pensionable age and so 30 years NI contributions is correct.

CLAPTON

ipri wrote: »

I retire at 60...I will get superann pension + interest on savings???

If you are a man and if superann and interest are your sole incomes then you pay no NI
you will get a full state pension when you reach state pension age if you have 30 'qualifying years' of NI contributions.

McKneff

Hi Clapton, My apologies, I assumed (wrongly) that the OP was a woman because they said they retire next year at 60. (and i saw the usernam IPRI but i didnt see the name ian at the end, )

I bow to your better observational skills.;)

Regards
Annie