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paying voluntary NI contributions

dgtucky
Posts: 7 Forumite

HI , I am 60 and retired, I have 5 years NI contributions to make before I retire at 67. Can I make voluntary class 2 contributions through self assessment to cover this gap?
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Comments
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Are you gainfully self employed ?
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No I am not0
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dgtucky said:No I am not
But have you checked if you need to pay 5 extra years?
Just because there are available years between now and you reaching SPA doesn't mean you have to pay.
What exactly does your forecast show (in full)?0 -
Yes it shows five years needed. I do some work for my kids for free, I could easily charge them nominal fees, would that work?0
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dgtucky said:Yes it shows five years needed. I do some work for my kids for free, I could easily charge them nominal fees, would that work?0
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Sounds like employment to me, not self-employment...
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pinnks said:Sounds like employment to me, not self-employment...
I do some work for my kids for free0 -
He was suggesting billing them as a self-employed person - that sounds more like employment. Clearly if he is just helping out it is just being a dad
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pinnks said:He was suggesting billing them as a self-employed person - that sounds more like employment. Clearly if he is just helping out it is just being a dad0
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So the work is accountancy, I did this self employed before I retired but now only do it for the children’s businesses. Now they are both established I will probably start charging a fee anyway. Does this need to be above the £1000 tax free limit to qualify for voluntary ni contributions?0
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