NI contributions paid how long before?

torrence

I made a bank transfer to pay voluntary NI over 2 weeks ago to fill all my gap years.  I logged in to check my NI record and nothing has changed.
How long does it normally take HMRC to process NI payments and allocate the payment to fill the gap years?

[Deleted User]

In these unusual times its hard to say, they are probably short staffed and over-worked, unless you are approaching retirement soon then I would give them another month.

NedS

No idea, but it's often July before my account updates for the last tax year that finished 3 months previously so I'm guessing it's more likely to be months than weeks. I have no idea why HMRC systems are so slow to update despite them having all the necessary information, and as things stand who knows how much longer it could take. Like venison suggests, I'd maybe give it 6 weeks and then inquire. As long as you have good records, I wouldn't be too concerned.

torrence

Thanks. So they are very slow. I'll leave until after July then and contact them if it's still not updated by then.

Deptfordgel

I have recently been made redundant , I am 64 years old and have been working since I was 17. I do not officially retire until I am 66. Is it in my interest to maintain payment of NI contributions until I officially retire?  

poppy12345

Deptfordgel said:

I have recently been made redundant , I am 64 years old and have been working since I was 17. I do not officially retire until I am 66. Is it in my interest to maintain payment of NI contributions until I officially retire?  

Check your pension forecast. https://www.gov.uk/check-state-pension

calcotti

poppy12345 said:

Deptfordgel said:

I have recently been made redundant , I am 64 years old and have been working since I was 17. I do not officially retire until I am 66. Is it in my interest to maintain payment of NI contributions until I officially retire?  

Check your pension forecast. https://www.gov.uk/check-state-pension

If your pension forecast shows that you already have entitlement to the full state pension then there is no point in paying for extra NI contributions. If there is a shortfall it is something you can consider. If you have worked since 17 it is likely you already have a full pension (unless you have been 'contracted out' for long periods.

In the meantime use a benefits calculator to see if you any benefit entitlement currently (possibly new style JSA or Universal Credit).

Dazed_and_C0nfused

torrence said:

I made a bank transfer to pay voluntary NI over 2 weeks ago to fill all my gap years.  I logged in to check my NI record and nothing has changed.
How long does it normally take HMRC to process NI payments and allocate the payment to fill the gap years?

Did you check that it was beneficial to actually fill the gaps?

A lot of posters have misunderstood the transitional rules most of us fall under and it's not always of any financial benefit to pay voluntary NI.

calcotti

Dazed_and_C0nfused said:

torrence said:

I made a bank transfer to pay voluntary NI over 2 weeks ago to fill all my gap years.  I logged in to check my NI record and nothing has changed.
How long does it normally take HMRC to process NI payments and allocate the payment to fill the gap years?

Did you check that it was beneficial to actually fill the gaps?

A lot of posters have misunderstood the transitional rules most of us fall under and it's not always of any financial benefit to pay voluntary NI.

Original post is 5 months old. Latest post has posted on end of the thread with a different question. That's why it's much easier if people start their own threads!

Dazed_and_C0nfused

calcotti said:

Dazed_and_C0nfused said:

torrence said:

I made a bank transfer to pay voluntary NI over 2 weeks ago to fill all my gap years.  I logged in to check my NI record and nothing has changed.
How long does it normally take HMRC to process NI payments and allocate the payment to fill the gap years?

Did you check that it was beneficial to actually fill the gaps?

A lot of posters have misunderstood the transitional rules most of us fall under and it's not always of any financial benefit to pay voluntary NI.

Original post is 5 months old. Latest post has posted on end of the thread with a different question. That's why it's much easier if people start their own threads!

Thanks!