Voluntary national insurance.

Idonthaveaclue

I am in full time employment ( p.a.y.e. )  so pay national insurance. I have the  35 years of service ( and plenty more left to do)  for a full state pension when I retire but I also own a flat that I rent out. I receive £3600 in rent which is under the £6000+ in which you have to pay N.I. on rental income but when doing my self assessment tax returns for the flat  they are asking if I would like to pay voluntary N.I.  As far as I can ascertain I will receive my full state pension ( via my job ) but I have a nagging doubt that they will take my rent ernings in to account and state that I have not paid enough N.I. for my total income and so may not get a full state pension. ( I have no idea if that is how it works )
Can anyone enlighten me on the facts before I go the hassle of getting intouch with the tax man.
Thank you.

molerat

You would only want to pay voluntary class 2 if you were not being credited with NI from elsewhere.  As you are paying class 1 through employment there is no need to pay voluntary class 2.  NI is paid per employment and as being a landlord is not your main employment NI is not payable on those profits. In fact you are not entitled to pay the lower cost class 2 voluntary contributions even if you needed the credits as being a single property landlord is not considered self employment, you would have to pay the more expensive class 3.

https://www.gov.uk/renting-out-a-property/paying-tax

Idonthaveaclue

Thank you for the reply.
That is what I thought / could find out but I just had a nagging doubt in the back of my mind.