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Paying the right Class of NIC - or (if legally possible) how to avoid it altogether!

Steve_General · 2013-05-16 16:00:06

Hi, I'm in my early 50's and retired due to ill-health. I've paid my 30 years of NIC and so pay no NIC on a company pension I receive. Obviously I don't do any paid work but I'm fortunate enough to receive additional annual payments from my ex-employer which are linked to the commercial success of products which I…

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CLAPTON Posts: 41,865 Forumite

24 May 2013 at 10:43AM

The NIC payment is based on your earnings and not your pension so 12% of whatever your patent income is

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Paying the right Class of NIC - or (if legally possible) how to avoid it altogether!

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