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National Insurance Payments
Canny_Geordie
Posts: 175 Forumite
Please help. I am due for retirement from the military and was wondering whether or not I pay National Insurance on my Forces pension? My pension would be £7, 862 p.a. and I will be 45 at that time.
Hope you can help.
Hope you can help.
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Comments
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No, you don't pay NI on pensions, only tax.Trying to keep it simple...
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Therefore, if I get a new job does this mean my NI cointributions will only come from my new salary?0
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AFAIK that is the case.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
Agreed from what it sounds.0
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Looks correct, NI is only payable on income from work, employed or self-employed.0
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