Re workplace pensions

Goldhawk

Reading the blog on 'reduction of state pension' . I was advised by my work union who are an independant body, not affiliated with my employer, that by carrying on paying your ni installments, past the 35 years it used to be, it actually reduces the shortfall of the state pension loss. Obviously your own union would be able to clarify this point hopefully. I have worked for the same employer for 47 years, still paying my ni contributions. I am not state pension age until next year. Its worth looking into.

MX5huggy

NI contributions are not optional. You or your union are confused. 

squirrelpie

Goldhawk said:

Reading the blog on 'reduction of state pension'

Sorry, but which blog is that? A link would be perfect. And FWIW I agree with MX5huggy. NI doesn't just pay for state pension.

Aretnap

It's not clear what if any question your asking, but if you want to stop paying National Insurance you have two options: (1) be over the age of 66, or (2) quit your job (or at least reduce your hours and/or pay until you earn less than the lower earnings limit). It's a tax that's levied on earned income, not a voluntary contribution that you can opt in any out of.

(Technically you CAN pay voluntary NI contributions to make up for years you have spent not working, but this doesn't sound like it applies to you).

Bimbly

Start here and see how you're doing with building up NI contributions for your state pension:

https://www.gov.uk/check-national-insurance-record

Make sure you read the whole thing and not just the headline. 

Marcon

Goldhawk said:

Reading the blog on 'reduction of state pension' . I was advised by my work union who are an independant body, not affiliated with my employer, that by carrying on paying your ni installments, past the 35 years it used to be, it actually reduces the shortfall of the state pension loss. Obviously your own union would be able to clarify this point hopefully. I have worked for the same employer for 47 years, still paying my ni contributions. I am not state pension age until next year. Its worth looking into.

If you haven't reached state pension age and you are earning above the threshold at which NI becomes payable, then you don't have a choice about paying it, so not sure what you think is 'worth looking into' ?