National insurance on Bt pension?

mookev

Since may I have been recieving my BT pension whilst still working full time for another employer having left bt in 1992. I am paying tax on my pension but so far no NI which I only pay through my ft employment. Should I be paying NI on my pension as well?

tanith

This may tell you what you need to know..https://www.pensionsadvisoryservice.org.uk/tax/how-is-my-pension-taxed/do-i-pay-national-insurance-on-my-pension

xylophone

No NI on pension income but it will be added to your other income when calculating your tax liability.

After state pension age you do not pay NI on earned income either.

FatherAbraham

mookev wrote: »

Since may I have been recieving my BT pension whilst still working full time for another employer having left bt in 1992. I am paying tax on my pension but so far no NI which I only pay through my ft employment. Should I be paying NI on my pension as well?

National Insurance is a compulsory workers' social insurance scheme, connected with entitlement to employment-related benefits.

You no more meed to pay National Insurance on pension bennies than you do on bank-deposit interest: these are not incomes from employment.

Warmest regards.
FA

kidmugsy

Are you now exposed to 40% income tax? if so you could consider avoiding it by .... making pension contributions.