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voluntary NI contributions - NI increase anyway?
I wonder if you could clarify for me if the increase in NI will affect me as well – I pay monthly the voluntary NI payment for the pension. I have been doing so for quite a few years.
I am not working and I do not claim benefits. I pay approx. £87 per month in NI contributions. I have still 3 years to pay to reach the maximum pension that I will be able to get when I reach the correct age, which is 2032. I was born in 1965.
£87 per month is quite a lot already and I fear a big increase! Could you please let me know if the changes in NI contributions will affect me, even though I am not an employer….nor an employee?
Many thanks for any clarification you can provide.
Comments
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Only employer NI is affected by the government changes. Voluntary NI is increasing in line with annual inflation as usual, class 3 from £17.45 to £17.75 per week and class 2 from £3.45 to £3.50.
Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
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