National Insurance Contributions and State Pension

sleepless_saver

noh wrote: »

Your accountant is incorrect.
If you are below state retirement age and still self employed with sufficent earnings then you are required to pay class 2 contributions.
The information on the HMRC website is clear.
http://www.hmrc.gov.uk/working/intro/class2.htm#5

Also have a look at the table at this link: http://www.hmrc.gov.uk/ni/intro/credits.htm

Jazzer

Thanks for the replies.

I rang HMRC this morning and was told that, whilst it was the case that Class 2 NICs were credited for men aged 60-65, this has now changed. Instead, with the new state pension equality balancing of men and women, contributions are credited from an age equal to that of a woman of the same age's retirement age (or something like that). The guy I spoke to calculated from my d.o.b. I will get Class 2 NIC credits from age 62.

However, the rules may change again thanks to new 'simplification' (ha!) moves. I cannot include a link but look for 'HMRC Consultation Simplification of Self-employed July 2013-4'.

JezR

Yes - the situation is as I give in post #5 above.