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national insurance

joesan · 2005-06-02 01:28:17

I dont work and hence have not paid NI for the past 8 years. I realised that i can pay upto 10 previous years NI as a voluntary contribution. Do you think its worth me doing that? it works out at over 2000. any suggestions greatly appreciated

Comments

CIS Posts: 12,260 Forumite

5 June 2005 at 6:53PM

If only it was that simple.:-)

say you had 10 qualifying yrs and 10yrs HRP and needed 44 yrs for a full pension.

If you added the 10 qual yrs and 10 HRP together you get , 20yrs/44 or 46%.

If you take the 10yrs HRP from the 44yrs,(as its done properly) you get 10yrs/34 or 30%.

this gives a difference of 16% in the calculation.

I no longer work in Council Tax Recovery but instead work as a specialist Council Tax paralegal assisting landlords and Council Tax payers with council tax disputes and valuation tribunals. My views are my own reading of the law and you should always check with the local authority in question.
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