Pension top up help for a 41 year old

Dazed_and_C0nfused

xylophone said:

But it seems that my tax is being paid as it shows as this:

What tax?

Do you mean that you have  opted not to receive the CB payments - see below.

See https://www.gov.uk/child-benefit-tax-charge

She presumably mean NI credits.

Janie2008

No you don't need to. If you work 10 more years you will get full pension. If you don't for any reason you have plenty of time to buy years in the future.

Janie2008

It also looks like you are getting the child benefit credits which you will get till your youngest is 12.

RebekahR

xylophone said:

But it seems that my tax is being paid as it shows as this:

What tax?

Do you mean that you have  opted not to receive the CB payments - see below.

See https://www.gov.uk/child-benefit-tax-charge

We don't get the tax charge because we don't get CB. But I must have done something because I am getting National Insurance credits

Janie2008

 I'm in the same position regarding child benefit. My husband fills in a tax return which insures I get the credits though not the child benefit. I'm guessing it's the same for you 

Dazed_and_C0nfused

Janie2008 said:

 I'm in the same position regarding child benefit. My husband fills in a tax return which insures I get the credits though not the child benefit. I'm guessing it's the same for you 

You've misunderstood something somewhere.

There is no requirement to complete a tax return just to get Child Benefit related NI credits 

He either needs to compete one for some other reason, has been receiving the Child Benefit or is completing them unnecessarily.

Janie2008

He has to complete them anyway yes. 

Janie2008

And yes we do get a small proportion of child benefit

Janie2008

Also if you claim child benefit but you earn over a certain amount you do have to fill in a tax return. If you don't claim the child benefit then you won't get the credits. So we claim the benefit and lose most of it when we file the tax return but it makes sure we get the credits. As it happens they started asking for a tax return before we had our son, not sure why.

Dh6

Considering it’s a rather important matter it will certainly be worthwhile trying to educate yourself a bit better to understand exactly what’s going on in your situation. 

Not trying to be condescending, just offering my opinion. 

DH