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NI Top Up - Jersey, Channel Islands
Comments
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You need to separate the big green box at the top of the forecast, which is what you could expect to achieve by the time you reach retirement, from the text below it which tells you what you need to do to get to that point - maybe nothing or maybe pay more years. You can then decide if it is worth paying that year - is it part filled ?
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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Hi, Molerat. Thanks for your reply.
In the text below the forecast, it says,
Up to 5th April 2024, £220.01
Up to 5th April 2031, if I contribute another year, £221.20. So a small drop of £1.19.
And HMRC are asking for £824 for the missing year.
Am also concerned regarding this and future years of not currently paying UKs NI, but that's another issue.0 -
If you are currently sitting at £220.01 then that is what you will get, you don't get penalised for not paying in future. You may be entitled to pay class 2 for one more year which is £180 so could be worth it. Social Security abroad: NI38 - GOV.UK
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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an increase, not a drop. Whether it is worth paying £824 for? Rough approximation £1.19*52=£61.88 a year so payback would something like 13 yearsPaul510 said:Hi, Molerat. Thanks for your reply.
In the text below the forecast, it says,
Up to 5th April 2024, £220.01
Up to 5th April 2031, if I contribute another year, £221.20. So a small drop of £1.19.
And HMRC are asking for £824 for the missing year.
Am also concerned regarding this and future years of not currently paying UKs NI, but that's another issue.I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
Not what you're asking, but don't know how long you plan to stay in Jersey, but it's worth checking how long you need to contribute before you'll qualify for at least a part Jersey pension. I checked a while back, and it was about 5 years at that point. Annoyingly I've got about 9.3% of entitlement, you need a minimum 10% to get anything. The Jersey basic pension is higher than the UK equivalent, so it's worth making sure you get to at least 10%. If I'd known, I'd have stayed a few more weeks.Make £2026 in 2026
Prolific £231.51, Octopoints £4.60, Tesco Clubcard challenges £38.80, Airtime £10 TCB £225.19, Everup £77.04, Roadkill £1.77, Zopa CB £30, Misc £10.11,
Total £629.02 31%Make £2025 in 2025 Total £2241.23/£2025 110.7%
Prolific £1062.50, Octopoints £6.64, TCB £492.05, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £70, Shopmium £53.06, Everup £106.08, Zopa CB £30, Misc survey £10
Make £2024 in 2024 Total £1410 70%Make £2023 in 2023 Total: £2606.33 128.8%0 -
Hi Slinky.
I was told by the nice lady in the government office, when making the initial enquiry, that I would need to be here another four years before qualifying for Jersey's pension, making it five years as you've mentioned. Thanks for your input.1
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