Paying National insurance class 2 when reached max pension

Foxyuk13

i am self employed aged 55 and reached 35 national insurance years so i am at pension max.    

Am i obliged to continue paying my class 2 voluntary ?   seems senseless 

Dazed_and_C0nfused

Foxyuk13 said:

i am self employed aged 55 and reached 35 national insurance years so i am at pension max.    

Am i obliged to continue paying my class 2 voluntary ?   seems senseless 

Why do you think having 35 years is important?

It may be sufficient to reach £221.20/week but have you actually checked that on gov.uk?

Foxyuk13

yes i have checked online and i am at the max pension   which is £221.20.   continuing to pay class 2 isn’t going to affect my pension so i will be wasting £ to voluntary contribute when i have exceeeed max qualifying years 

Sarahspangles

Foxyuk13 said:

yes i have checked online and i am at the max pension 

Some people are misled by the Forecast box - just double checking you see these words (mine took 36 years)

£221.20 is the most you can get
You cannot improve your forecast any more.

Dazed_and_C0nfused

Foxyuk13 said:

yes i have checked online and i am at the max pension 

Then you would only have to pay Class 2 NI if it was mandatory.

Which it could be for 2023-24 for some people but 2024-25 onwards it's only ever voluntary.

https://www.litrg.org.uk/working/self-employment/nic-self-employed#4

Marcon

Foxyuk13 said:

i am self employed aged 55 and reached 35 national insurance years so i am at pension max.    

Am i obliged to continue paying my class 2 voluntary ?   seems senseless 

The clue is in this word: voluntary.