jamesd wrote: »
The deduction only applies for contracted out years. The self-employed person wasn't contracted out, or at least not due to the self-employment, so how does the new rule calculation for contracted out deduction affect them at all?
How does the new rule contracted out deduction affect the low earner who's never been contracted out and has no contracted out deduction calculation at all?
Maybe the new rule contracted out deduction calculation will help the contracted out low earner. Depends how low you mean I suppose.
Each of those might be better off in final pension terms, but I was asking about how the new rule contracted out deduction could produce a better result than the old rule contracted out deduction.
Johnn64 wrote: »
As this is just a proposal at the moment, what are the chances this will get though in its current form ?
gorgeyetsun wrote: »
I made additional contributions while I worked overseas back when you had to have 44 years of contributions instead of 30 to get a full pension. I also contracted out for about 10 of those years.
By the time I retire I will have made 46 years of NI contributions, 16 years more than required for a full pension. Will I still have my state pension reduced because I contracted out, or will it be recognised that I was contracted in for more than the required 30 years?
sunshine11 wrote: »
Hi, can anyone help please, I understand we have to contribute 35 years of national insurance contributions, is this 35 full time working years, or do part time years count as a whole year? I have worked a mixture of ful- time and part-time due to looking after children over the years.
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