Nic uk

Alfronso

By the time I'm 65 years old I will be 5 years short of my NIC.
As of now I have paid 39 years NIC.
I know that now you only require 30 years NIC to qualify for the basic state pension but is it worth my while paying the 5 years I'm due.
If I don't get any extra pension because I've paid 39 years what happens to the 9 years money I've paid?

I hope this makes since to some one.

DavidHayton

I wouldn't pay the extra five years. Once you have 30 years' contributions banked you qualify for the full state pension; you don't get any more pension for any extra years.

If you do pay more than 30 years then hopefully HM Government will do something useful with it.

David

moonrakerz

Alfronso wrote: »

what happens to the 9 years money I've paid?

That was spent years ago !

cyclonebri1

You don't have any option if you are in work you have to pay.

National insurance contributions go to NHS etc etc, not just pensions and I don't think you really want to opt out of that ;)