NI Contributions and the State Pension

Outeast1000

I am due to retire and stop working and claim the State Pension on the 12th of February next year 2024 

I have checked my State Pension details online and have been told that i cannot increase my State Pension anymore after the 5th of April 2023 

My question is will i still have to pay NI contributions from the 5th of April 2023 until i retire on the 12th of February 2024  ?

Linton

Yes, if you are employed you will have to pay NI until you reach SP age, but contributions made in the tax year you reach that age wont affect your SP.

Outeast1000

Linton said:

Yes, if you are employed you will have to pay NI until you reach SP age, but contributions made in the tax year you reach that age wont affect your SP.

So in other words the NI contributions i will pay for over 10 months are just a waste of money on my part 

p00hsticks

Outeast1000 said:

Linton said:

Yes, if you are employed you will have to pay NI until you reach SP age, but contributions made in the tax year you reach that age wont affect your SP.

So in other words the NI contributions i will pay for over 10 months are just a waste of money on my part 

That depends on whether you'll need to make use of the NHS at any point in the future or not  

Dazed_and_C0nfused

Outeast1000 said:

Linton said:

Yes, if you are employed you will have to pay NI until you reach SP age, but contributions made in the tax year you reach that age wont affect your SP.

So in other words the NI contributions i will pay for over 10 months are just a waste of money on my part 

You don't have to pay any NI if you really don't want to.  

molerat

Dazed_and_C0nfused said:

Outeast1000 said:

Linton said:

Yes, if you are employed you will have to pay NI until you reach SP age, but contributions made in the tax year you reach that age wont affect your SP.

So in other words the NI contributions i will pay for over 10 months are just a waste of money on my part 

You don't have to pay any NI if you really don't want to.  

I stopped paying NI when I was 54y 11m

Although I did make a few donations just before state pension age

Outeast1000

I know i cannot increase my State Pension by one penny after the 5th of April 2023 

However ,,,,,,  LINTON ,,,,,,  says on this thread that i must pay NI contributions  until i reach SP age if i am employed 

However  ,,,,,,, DAZED_AND_COFUSED ,,,,,,, says on this thread that i do not have to pay NI contributions if i do not want to 

Who is right and who is wrong in what they say ?

Dazed_and_C0nfused

Outeast1000 said:

I know i cannot increase my State Pension by one penny after the 5th of April 2023 

However ,,,,,,  LINTON ,,,,,,  says on this thread that i must pay NI contributions  until i reach SP age if i am employed 

However  ,,,,,,, DAZED_AND_COFUSED ,,,,,,, says on this thread that i do not have to pay NI contributions if i do not want to 

Who is right and who is wrong in what they say ?

You definitely don't have to pay NI.

You only have to pay it if you earn enough from a job or self employment.

Linton

Outeast1000 said:

I know i cannot increase my State Pension by one penny after the 5th of April 2023 

However ,,,,,,  LINTON ,,,,,,  says on this thread that i must pay NI contributions  until i reach SP age if i am employed 

However  ,,,,,,, DAZED_AND_COFUSED ,,,,,,, says on this thread that i do not have to pay NI contributions if i do not want to 

Who is right and who is wrong in what they say ?

Both are correct - read it carefully.

noitsnotme

Outeast1000 said:

I know i cannot increase my State Pension by one penny after the 5th of April 2023 

However ,,,,,,  LINTON ,,,,,,  says on this thread that i must pay NI contributions  until i reach SP age if i am employed 

However  ,,,,,,, DAZED_AND_COFUSED ,,,,,,, says on this thread that i do not have to pay NI contributions if i do not want to 

Who is right and who is wrong in what they say ?

They are both right.  If you don’t want to pay any NI then don’t earn more than the Primary Threshold (£242 per week in 23/24) from any single employment.

Outeast1000

So i guess that i will have to pay NI contributions as i will  to be working full time until i reach SP age 

Correct ?