students pay NI???

lolly-i-pop

Should students pay National Insurance? I am paying about twenty quid a week, of what i think is national insurance and it sucks.

greyster

its for your benefit. Students are lucky they dont pay CT

The_doomed

pay national insurance on earnings over £20 per week.

but unlike tax, if u have 2 jobs both earning £90 per week you dont pay any national insurance.


So.... get 30 jobs at £90 a week and pay no national insurance!

Savvy_Sue

lolly-i-pop wrote:

Should students pay National Insurance? I am paying about twenty quid a week, of what i think is national insurance and it sucks.

What does your payslip say it is? Paying NI at that rate and not tax seems a bit excessive to me (and yes, students do have to pay tax if they earn over £5000-ish pa!) but the details should be on your payslip.

The doomed is correct about the rates at which NI kicks in, btw, and remember that if you have a full year's worth of NI contributions it helps towards your pension! And some other benefits. That may seem a long way off right now, but you may be glad of it one day!

DrFluffy

greyster wrote:

its for your benefit. Students are lucky they dont pay CT

I pay CT - otherwise my other half gets landed with paying the whole 75%.

greyster

DrFluffy wrote:

I pay CT - otherwise my other half gets landed with paying the whole 75%.

Your paying because of him though - if you know what i mean.

DrFluffy

greyster wrote:

Your paying because of him though - if you know what i mean.

Aye - but it's not really fair is it... (on him if I don;t pay, on me if i pay). There should be some method of dividing discount by ratio of students:non-students...

robgriz

I had to pay Ni insurance for the first time this month, only because I had worked 110 hours that calendar month. Even then, it was only £25. £20 does seem excessive depending on the hours you work(ed).

melancholly

put it another way though - if you do pay nothing as NI while you're a student (and in my case that'll be 7 years), it's 7 years less towards contributions for a state pension. so paying a little now may mean that it's less to pay later. doesn't necessarily make you feel better, but clouds and silver linings and all that (and incidentally, i don't know what's been put in the water to turn me from screaming angry woman this morning to all flowery and happy now!)

DrFluffy

melancholly wrote:

put it another way though - if you do pay nothing as NI while you're a student (and in my case that'll be 7 years), it's 7 years less towards contributions for a state pension. so paying a little now may mean that it's less to pay later. doesn't necessarily make you feel better, but clouds and silver linings and all that (and incidentally, i don't know what's been put in the water to turn me from screaming angry woman this morning to all flowery and happy now!)

Like there's going to be a state pension when we retire

greyster

DrFluffy wrote:

Like there's going to be a state pension when we retire

Well I am hoping to retire early :P