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State Pension Contributions help please?
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sparkiemalarkie
Posts: 939 Forumite

Hi, does anyone know how many weeks of NI contributions you need to pay in order to qualify for 1 years contribution to state pension ?
thanks
sparkie
thanks
sparkie
0
Comments
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See http://www.saga.co.uk/magazine/money/personal-finance/tax/national-insurance-contributions
The figures in the above were for 2014-15.
Figures for 2016-17
https://www.gov.uk/government/publications/tax-and-tax-credit-rates-and-thresholds-for-2016-17/tax-and-tax-credit-rates-and-thresholds-for-2016-17
http://disabilitytaxguide.org.uk/being-a-carer/unpaid-carers-and-pensions/
"A qualifying year sounds as though you might need to have a perfect 52 weeks of working for it to count. In fact, any tax year where you receive a minimum amount of earnings or credits (which you receive for example, if you cannot work because you are bringing up children who are aged under 12) can be a qualifying year. The 2016/17 tax year could be ‘banked’ as a qualifying year provided you have earned the equivalent of 52 x £112 (this amount is known as the Lower Earnings Limit) – total £5,824. Please note that any pay periods in which you have earned under the Lower Earnings Limit will not count towards the total. "
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