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Is it worth paying for one year ni contributions
mobmob
Posts: 1 Newbie
My state pension forcast and my estimate are showing a £4.53 a week shortfall.if I pay a one off contribution of £907.40 then I will receive the full forcast amount of £230.25.Thoughts please
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Comments
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In general terms, it; usually a no-brainer investment in terms of return but whether it;s worth paying will depend on whether you have enough opportunity going forward to make up that year any other way in the future ?
What is your current situation and how far away from State Pension Age are you ?0 -
You’d be in profit before 4 years if you’re not being taxed on that increase.And before 5 years if paying tax at 20%And before 7 at 40%Seems a good deal to me0
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It is like a 26% annuity, how does that sound ?
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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