The forthcoming reductions in NI Contributions.

grahamrashurst

I'm 44 in December. I work part time. up until now I have been paying my NI Contributions in the normal manner. However with increases in the threshold where we start paying I won't be making any more NI contributions from now on. Problem is I'm concerned about how this will affect my state Pension. Will it make any difference & if so what do I need to do to make sure I get the maximum pension I can when I retire. It might well be that I will take up full time work again in the future. However with 2 young children not as yet. Please advise me if you can. Thanks

xylophone

What does your State Pension Forecast show?

https://www.gov.uk/check-state-pension



Re NI credits  - how much will you earn?

https://taxaid.org.uk/guides/information/an-introduction-to-income-tax-national-insurance-and-tax-credits/national-insurance/national-insurance-for-employees-and-employers/national-insurance-thresholds#:~:text=a) The Lower Earning Limit,actually pay any National Insurance.


Child Benefit?

https://www.gov.uk/national-insurance-credits/eligibility

Dazed_and_C0nfused

You are under a misapprehension.  You don't need to pay NI to gain a qualifying year and that hasn't changed.

Have a read of this, in particular 

What happens if I earn less than the weekly/monthly threshold?

https://www.litrg.org.uk/tax-guides/employment/what-national-insurance-do-i-pay-employee

molerat

You will be credited with class 1 NI if you earn over £123 per week. You also get class 3 credits if in receipt of child benefit. As above , get a pension forecast to see exactly what your current situation is