We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Class 3 national insurance contributions
DietIrnBru
Posts: 186 Forumite
I'm returning to university next month full time.
I am planning to pay class 3 national insurance contributions while studying to make sure I am not missing out on 3 years of contributions (given the state of the economy, I am hedging my bets).
My main question is about the current tax year - given I will be working full time until mid September, how much would I have to pay in class 3 contributions for the rest of the year? I know next year I would pay a full year of class 3 contributions, but this year it will be a mix.
I am planning to pay class 3 national insurance contributions while studying to make sure I am not missing out on 3 years of contributions (given the state of the economy, I am hedging my bets).
My main question is about the current tax year - given I will be working full time until mid September, how much would I have to pay in class 3 contributions for the rest of the year? I know next year I would pay a full year of class 3 contributions, but this year it will be a mix.
0
Comments
-
You're usually sent a letter saying that you don't have a full year, and do you want to top it up: personally I'd wait for that and put the money into savings.
Also bear in mind that you don't need as many years' of contributions for a pension as you used to. And if you're paying these in the hope of claiming contributions based benefits after you graduate, do check that they 'count' (as I'm not sure they do ...)Signature removed for peace of mind0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards