NI contributions

thamesmatt

hello,

I was lucky enouh to get voluntary redundancy in July 06 and for a number o reasons didnt start work again until Jan 07.

I assumed given my tax free pay off I wouldn't be entitled to anything and quite rightly so but someone mentioned te other day that Ishould have signed on for NI contributions.

Is this the case? will I be liable for NI even though I wasnt working and can this be easily sorted retrospectively.

I'm not keen to rely on a state pension but if the entitlemnt is there then I want it!

CAn anyone advise me?

seven-day-weekend

You will be able to make up the contributions if you wish.

However, you may have already paid enough for that tax year to count as a qualifying year.

http://www.hmrc.gov.uk/leaflets/ca93.pdf

(You can ring them up and ask them - I did and found that my 2004-5 year counted as a qualifying year, even though I stopped work for good in September 2004. Sorry, I only have the phone number for the Non-Resident's section but you could probably find it on google or yell.com.)

gazhawkins

You should be able to re-claim part of your income tax back as well.

This is because the HMRC assume you work for the full 12 months of each tax year.

Given that you haven't worked a full 12 months then you are entitled to claim tax back. I'm assuming you are on PAYE tax.