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Pensions and National Insurance
azurian
Posts: 4 Newbie
Hi.
I am considering taking early retirement and am trying to calculate my income from my occupational pension.
I know the pension is taxable, but will it attract a NI contribution as well?
Thanks.
I am considering taking early retirement and am trying to calculate my income from my occupational pension.
I know the pension is taxable, but will it attract a NI contribution as well?
Thanks.
0
Comments
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Pension income does not suffer NI. Just tax.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Thank you. That's good news.0
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You could make voluntary contributions to increase your State Pension, however ... not necessary if you've paid in for 30 years.0
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