National Insurance payments

Cressida100

I am currently working full time. My NRD is December 2023. I hope to continue to work, albeit on reduced hours. Will I stop paying NI contributions from NRD? 

sheslookinhot

No. Earners will pay NI contributions.

Cressida100

sheslookinhot said:

No. Earners will pay NI contributions.

Thank you for the quick response. 

Linton

Only until you reach State Pension Age after which NI is not paid.

Dazed_and_C0nfused

But from April 2023 the Health & Social Care Levy would be payable on earnings for those still working after State Pension age.

It's based on the same thresholds as National Insurance but is just 1.25%.

Cressida100

Linton said:

Only until you reach State Pension Age after which NI is not paid.

Now I'm confused, that's how I read it online. I just wanted confirmation from others. Thanks for responding. 

dealyboy

Worth a read ...

https://www.litrg.org.uk/tax-guides/pensioners/what-national-insurance-do-i-pay-after-retirement

Cressida100

Dazed_and_C0nfused said:

But from April 2023 the Health & Social Care Levy would be payable on earnings for those still working after State Pension age.

It's based on the same thresholds as National Insurance but is just 1.25%.

Thanks I've somehow forgotten about that. 

Cressida100

dealyboy said:

Worth a read ...

https://www.litrg.org.uk/tax-guides/pensioners/what-national-insurance-do-i-pay-after-retirement

Thank you that makes things clearer. 

Dazed_and_C0nfused

Cressida100 said:

Dazed_and_C0nfused said:

But from April 2023 the Health & Social Care Levy would be payable on earnings for those still working after State Pension age.

It's based on the same thresholds as National Insurance but is just 1.25%.

Thanks I've somehow forgotten about that. 

And if you have any dividend income 3 of the 4 dividend tax rates have already been increased by 1.25% to effectively add this levy.