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HELP, when can they retire advice

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Comments

  • bryanb
    bryanb Posts: 5,034 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Don't forget, if Dad draws his state pension and still works he no longer need pay NICs on his wages.
    This is an open forum, anyone can post and I just did !
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Payment of NIC is not paid after 60 years of age. If he is paying it on his wages, he shouldnt be.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • bryanb
    bryanb Posts: 5,034 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    McKneff wrote: »
    Payment of NIC is not paid after 60 years of age. If he is paying it on his wages, he shouldnt be.

    Direct Gov thinks different.
    This is an open forum, anyone can post and I just did !
  • bilbo51
    bilbo51 Posts: 519 Forumite
    bryanb wrote: »
    Direct Gov thinks different.
    Yes. NI is payable until you reach State Pension age, which is a moveable feast at the moment.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    bryanb wrote: »
    Direct Gov thinks different.

    Well it was correct up to 18 months ago, perhaps the legislation has changed with the chnge of pension age. Do you have a link so I dont make the same mistake again please.

    My apologies, cross posted with the above poster, same time........
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • bilbo51
    bilbo51 Posts: 519 Forumite
    McKneff wrote: »
    Do you have a link so I dont make the same mistake again please.
    http://www.direct.gov.uk/en/moneytaxandbenefits/taxes/beginnersguidetotax/nationalinsurance/introductiontonationalinsurance/dg_190048
  • bryanb
    bryanb Posts: 5,034 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    McKneff wrote: »
    Well it was correct up to 18 months ago


    Not for a man.
    This is an open forum, anyone can post and I just did !
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    bryanb wrote: »
    Not for a man.

    It was for me:D

    My boss told me (afore I retired) that he stopped paying NI when he was 60, guess he was mistaken or i misheard.

    Thanks for the information.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • INAMESS
    INAMESS Posts: 160 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Hi so my next task is to get my dad to contact the future pensions centre? Thanks for the advice :)
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