Nationa Insurance credits (NIC) for students in full time education

lewisp91

Hi, I've Googled this repeatedly but cannot find any info. I checked my NIC history and found in 1980-1984 I had very minimal contributions. Understandable as I was a thin sandwich degree student and reclaimed them where possible at the time as I was skint.

Should I have been credited for Full-Time Higher Education years? If not there are a lot of graduates especially in longer courses who are lacking in NICs. I'm surprised it isn't publicised. It is well beyond the 6 years that I could go back and buy credits for

So the question is should I make up the NICs for my two sons (22 & 21 years olds) Higher FTE courses years or not? If they can be sure to clock up 35 years from now on then probably not but if they were unable to work or worked part-time or abroad that would be a different matter.... Any thoughts anyone??? TIA

xylophone

6/4/75 - 6/4/2010, young people in full time secondary education or training (16, 17, 18 year olds) were given NI credits for those years.


No credits were given for the tertiary education years.

The 16 - 18 credit system ended on 6/4/10.


As things stand at the moment, your boys will need to be at least 68 years old before they reach state pension age.

There would seem to be plenty of time for them to achieve the (currently) required 35 years or review their position much later in life if not.

https://www.gov.uk/new-state-pension/how-its-calculated

p00hsticks

lewisp91 wrote: »

It is well beyond the 6 years that I could go back and buy credits for

As xylophone says, the three years credits for 16 to 18 year olds was stopped in 2010, when the number of NI years required for a state pension was reduced considerably (from 44 for men and 39 to women to 30 for both sexes - it's since been raised to 35).

There's therefore plenty of time for your children to reach the required 35 years without worrying about making up lost years ar the present.

Incidentally, until 2023 anyone who is reaching retirement age under the new system introduced in April 2016 can top up their record from 2006 onwards if required - this is a temporary measure as part of the transitional arrangements following the introduction of the new State Pension.

After 2023 it reverts to only being able to top up the last six years.

[Deleted User]

As above most young people start work when either 18 or 21 and will get SRP at 66, so lots of time to acquire 35 years of contributions

xylophone

will get SRP at 66

https://www.bbc.co.uk/news/business-40658774

stamboy

p00hsticks wrote: »

Incidentally, until 2023 anyone who is reaching retirement age under the new system introduced in April 2016 can top up their record from 2006 onwards if required - this is a temporary measure as part of the transitional arrangements following the introduction of the new State Pension.

After 2023 it reverts to only being able to top up the last six years.

Interesting, does this apply to class 2 and class 3 contributions?

Is there any link to this on the government website as I couldn't see it. When you say approaching the age of retirement are there specifics around the age. If someone was due to retire in 2054 for example would it include them too?

Does the 2023 option apply to all years from 2006 to 2023 before reverting to the last 6 years?

calcotti

stamboy wrote: »

Interesting, does this apply to class 2 and class 3 contributions?

Is there any link to this on the government website as I couldn't see it. When you say approaching the age of retirement are there specifics around the age. If someone was due to retire in 2054 for example would it include them too?

Does the 2023 option apply to all years from 2006 to 2023 before reverting to the last 6 years?

See https://www.gov.uk/voluntary-national-insurance-contributions/deadlines