Future Pensions

Mildie

Ah I think the penny may finally be dropping! 

Thank you for laying it all out I can discuss with my husband later.

xylophone

Still worth preserving on telephone although by sounds of it the chances of ever getting even a dial tone!……  

If you are sure of the years that ypu want to pay, there is no need for this.

See

https://www.gov.uk/pay-voluntary-class-3-national-insurance/by-post

By cheque through the post

You can pay by sending a cheque to:

HM Revenue and Customs
National Insurance Contributions and Employer Office
BX9 1AN

Allow 3 working days for your payment to reach HMRC.

What to include

Make your cheque payable to ‘HM Revenue and Customs only’.

Write your Class 3 National Insurance reference number on the back of the cheque. You’ll find this on your payslip.

Include the payslip HMRC sent you. Do not fold your HMRC payslip or cheque, or fasten them together.

If you want a receipt, include a note asking for one.

If you do not have an HMRC payslip

Include a note with:

• your name, address and phone number
• your Class 3 National Insurance contributions reference number (or National Insurance number)
• how much you’re paying
• the period you’re paying for

Sarahspangles

Mildie said:

when I started work at 16 never did it occur to me that we wouldn’t get our pensions at 60 surely that is some sort of break of contract on the part of Government? You certainly wouldn’t get away with it in business! 

I’m a bit younger than you so will draw state pension at 67.  As you have, I plan to stop working before then.

I don’t feel that any contract has been broken, with increasing life expectancy we’re likely to be drawing our pension for just as long.  In the year I was 16, women’s average life expectancy was 78.   My life expectancy is apparently 87.

We’ve also had an extra bite of the cherry because we’re being allowed to ‘buy’ extra State Pension in the current exercise.  This actually enables women who have an employer or personal pension - and who paid less NI at the time because they were contributing to this - to bring forward when they start to take their benefits from those schemes, because we know our State Pension will be higher.

There are plenty of things I’m salty about, but I’m over this one!

Mildie

Thanks to everyone for your help and advice! After one hour and 22 mins in the queue I eventually (after weeks of trying) I got through got my reference number and am able to make the two payments required, instead of I initially thought would be 5/6 and therefore unaffordable!
the power of the Internet!

Dazed_and_C0nfused

Another (genuinely) satisfied customer 😄.

With an unexpected £3k or so saved!