Shortfall in National Insurance Contributions

EdInvestor

Have you looked into claiming on the basis of your first husband's record?Can't remember the rules but that may be possible.

paulakins

Have not thought about that,I need to find out the rules,I think if you remarry you cant,not sure. Paulakins.

Karen_Mac

Hi everyone, new to this thread and looking for some advice please.

Im 37 and have worked full time for the past 19 years-paid full NI contributions the whole time.

I have recently taken Voluntary Redundancy to look after my 2 year old daughter and have been advised by the Benefits Agency that I am entitled to 6 months JSA (contributary based I believe it's called) I don't really want to go down this route as I am not looking for a job. My question is, is there any government assistance for mothers with pre school children regarding NI contributions?

My husband has a well paid job and I have my redundancy payout but just concerned how stopping NI contributions at this stage could affect me in the future.

TIA for any replies/help...

edit-read a little more and it seems like the "Home Responsibilites Protection" may apply to me-are there any downsides to this as it seems to good to be true!

Thanks again!

ALIBOBSY

Paula-If you re marry prior to minimum pension age you can't inherit state pension rom a previous marriage. Have you had a confirmation of the years you are short, usually they will offer a chance to "pay up" some of the years to be able to qualify.

Karen- You and I are in almost the same situation, 37 and of work with a 2 yr old (I have 2 older ones as well lol). Unfortunately we won't get to claim state pension until we are 67 due to the new rules on moving pension age higher.
However under the same legislation you only need 30 years in total to qualify for full pension and you will be covered for one "ni cont" each week you recieve child benefit (or carers allowance).
So stopping at home for a while shouldn't case to much impact, but in the shorter term not paying NI may effect qualifying for other benefits such as JSA/ESA. I assume tho you are claiming the child benefit and the tax credits.

ali x

Karen_Mac

Thanks for the reply ali-yes I receive £80 CB and £41.84 CTC per month.

I don't really understand the term 1 NC contribution tbh , im assuming thats less than I would contribute if I was still working-is that correct and should I then try to "top it up" somehow (haven't a clue if this is even possible or worthwhile! )

Is there different procedures for having a child under 6 do you know?

Sorry for all the q's and thanks to anyone that can help-I really haven't got much of an idea about the benefit system at all

Sillychuckie

Hello.
I'm 25, and got a letter from the Inland Rev about paying £200ish for the 03/04 tax year to count towards my state pension.
I got a full statement from them which shows I already have 8 full years which count, so if I pay up, it will increase it to 9.
Worth paying?
I guess the fact im young means no (I'm fairly certain to qualify for the 30 years by the time I reach pension age), butfor the sake of £200 (I can afford it right now), maybe its best to pay n be certain?

If I qualify for 30 years excluding this year, would the money have just been thrown away - or does it count for anything? Thanks.
SC

tashalove

hi all,

this is probably a very common question and october seems to be the time IR issue these NI shortfall letters. I have just received a letter informing me that if I pay £60 before April 2010, I can make last year qualify as one year. I am 23 years old and currently have 3 qualifying years. I understand that I will probably have lots of opportunity to make up the 30 years but would it be worth paying the £60? Every little bit counts right?

However, is the state pension worth it? I know I have another year to make up for as well but the amount required is £100-200 and I'm not so sure if its worth it. The state pension amount I will get in the future doesn't seem too appealing either

Jay83

tashalove wrote: »

However, is the state pension worth it? I know I have another year to make up for as well but the amount required is £100-200 and I'm not so sure if its worth it. The state pension amount I will get in the future doesn't seem too appealing either

How much is the basic state pension? I am so dumb when it comes to things like this.

My dad got a letter the other day saying he is 3 years short of the required 30 years. He only worked half of last year and they are asking him to buy last year to make it qualify into his 30 years. From what i can see of this thread you have to buy or contribute the full 30 years to get the most of the state pension right? thanks for your help, this is all very new to me x

seven-day-weekend

Jay83 wrote: »

How much is the basic state pension? I am so dumb when it comes to things like this.

My dad got a letter the other day saying he is 3 years short of the required 30 years. He only worked half of last year and they are asking him to buy last year to make it qualify into his 30 years. From what i can see of this thread you have to buy or contribute the full 30 years to get the most of the state pension right? thanks for your help, this is all very new to me x

The basic State Pension is £95 a week. But many people have more than this through SERPS (second State Pension). Get a Pension Forecast here:

http://www.direct.gov.uk/en/Pensionsandretirementplanning/StatePension/StatePensionforecast/DG_10014008

If your retirement date is ater 6th April 2010 you need to have contributed/had credited 30 years to receive your full State Pension.

Jay83

seven-day-weekend wrote: »

If your retirement date is ater 6th April 2010 you need to have contributed/had credited 30 years to receive your full State Pension.

30 years no matter male or female? Ive been trying to read up more on the main site to get a better understanding

Second pension is their own pension that they have contributed towards?