Pay NI if hoping to move abroad for some years?

TheKDs

DRS1 said:

OK but could you not say the same about 06/7 and 08/9?  Both are a lot cheaper than any future years are likely to be (unless she becomes self employed).

I'd read that it is not as simple as a year for a year. But initially this was my feeling - that buying these back will be cheaper than future years. 

molerat

TheKDs said:

DRS1 said:

OK but could you not say the same about 06/7 and 08/9?  Both are a lot cheaper than any future years are likely to be (unless she becomes self employed).

I'd read that it is not as simple as a year for a year. But initially this was my feeling - that buying these back will be cheaper than future years. 

The only real difference is that a pre 2016 year can give £6.32 or £5.65 depending on your personal circumstances.  If you post up the following from your forecast then that amount can be clarified.

Number of full NI years 15-16 and earlier
Number of full NI years 16-17 and later
Any COPE amount.  If you have "You've been in a contracted-out pension scheme" on your forecast then click
here https://www.tax.service.gov.uk/check-your-state-pension/account/cope whilst logged into your tax account

You currently need (18.8) 19 years to reach the max.  Worst case is those 3 years take you to £119.18 so needing another (16.1) 17 years to reach the max or 16 leaves you 90p short.

TheKDs

molerat said:

TheKDs said:

DRS1 said:

OK but could you not say the same about 06/7 and 08/9?  Both are a lot cheaper than any future years are likely to be (unless she becomes self employed).

I'd read that it is not as simple as a year for a year. But initially this was my feeling - that buying these back will be cheaper than future years. 

The only real difference is that a pre 2016 year can give £6.32 or £5.65 depending on your personal circumstances.  If you post up the following from your forecast then that amount can be clarified.

Number of full NI years 15-16 and earlier
Number of full NI years 16-17 and later
Any COPE amount.  If you have "You've been in a contracted-out pension scheme" on your forecast then click
here https://www.tax.service.gov.uk/check-your-state-pension/account/cope whilst logged into your tax account

You currently need (18.8) 19 years to reach the max.  Worst case is those 3 years take you to £119.18 so needing another (16.1) 17 years to reach the max or 16 leaves you 90p short.

thanks! Every year after 2012 is full:

molerat

Not showing 3 years from around 2000 on when you were 16/17/18 ? No NI history before you were 27 ish ?

So with only 4 (or even maybe 7) your starting amount is old rules so those pre 2016 years only give £5.65.

DRS1

I may be wrong but if you work while abroad (having worked in the UK before you left) you may qualify to pay Class 2 NICs for the time you work abroad.  I think there may be a form you need to fill in to make sure DWP agree.