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Stay at home dad and NIC's
avantra
Posts: 1,333
Forumite
Just a quick question (I hope),
I am about to be a stay at home dad for at list the next two years, after working consistently for 13 years (worked in the US before), I have over 27 years before the official retirement age .
I understand that the new Universal tax system will cover the Nic's for my years at home, but will be active only in couple of years.
Do I still need to pay the voluntary nic's of £13.75/week to avoid gaps in National insurance or will it be covered by the new system?
I am about to be a stay at home dad for at list the next two years, after working consistently for 13 years (worked in the US before), I have over 27 years before the official retirement age .
I understand that the new Universal tax system will cover the Nic's for my years at home, but will be active only in couple of years.
Do I still need to pay the voluntary nic's of £13.75/week to avoid gaps in National insurance or will it be covered by the new system?
Five exclamation marks the sure sign of an insane mind!!!!!
Terry Pratchett.
Terry Pratchett.
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Comments
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If you have the child benefit paid to you then you will get the NIC credited. Any more years when you are not in receipt of child benefit or certain other benefits you will need to pay voluntary contributions.
Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
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Just be sure those child benefit payments are in your name or you won't get NIC credits.0
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Just be sure those child benefit payments are in your name of you won't get NIC credits.
And be sure that the child is aged under 12! http://www.hmrc.gov.uk/ni/intro/credits.htm0
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