We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Voluntary (Class 3) NICs
Nick_C
Posts: 7,634 Forumite
I want to pay 5 years Class 3 NICs from 2017/2022.
Apart from cashflow, is there any advantage to starting to pay by monthly DD in 2017 instead of waiting until 2022 and paying a 5 year lump sum? Does the amount increase if you pay in arrears?
Apart from cashflow, is there any advantage to starting to pay by monthly DD in 2017 instead of waiting until 2022 and paying a 5 year lump sum? Does the amount increase if you pay in arrears?
0
Comments
-
The amount is fixed at the in year price for 2 years after the end of the year so 2016-17 needs to be paid by 5 April 2019 to keep the current price. After then it increases to the price of the year when you pay. Best to keep the cash in an interest earning account until the last moment, falling under a bus would mean the money is wasted.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.3K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards