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Qualifying year pensions
curtis122
Posts: 205 Forumite
Silly question but it says -
For a qualifying year, you generally need to earn a minimum amount of money during a tax year (6 April to 5 April) and pay the required NI contributions. For 2019/20 these minimums are...
For employees: £118/week, £512/month, £6,136/year
For the self-employed: £123/week, £531/month, £6,365/year
Is this before tax or after? I did not work the full year last year and have been trying to work out if I had at least earnt £6,136 to make it a qualifying year and was looking at my payslips but I was adding up the net amount.
For a qualifying year, you generally need to earn a minimum amount of money during a tax year (6 April to 5 April) and pay the required NI contributions. For 2019/20 these minimums are...
For employees: £118/week, £512/month, £6,136/year
For the self-employed: £123/week, £531/month, £6,365/year
Is this before tax or after? I did not work the full year last year and have been trying to work out if I had at least earnt £6,136 to make it a qualifying year and was looking at my payslips but I was adding up the net amount.
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Comments
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My limited understanding is if you earn over £118 in any week you will be credited a NI credit for that week even if you did not earn enough to pay NI contributions.0
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