State pension NI contributions discrepancy?

csgohan4

Hi,

I have a limited company and paid my wife £12570 for the 24/25 year, but according to the NI insurance record, this is counted as a 'Year is not full'. They ask me to Pay a voluntary contribution of £907.40 by 5 April 2031

Where as the year 22/23 the year was counted as full albeit with a salary of £12582

Why is this the case? Is it because I am not paying any NI?

From the HMRC Gov website: https://www.gov.uk/national-insurance#:~:text=You%20can%20also%20see%20rates,6%2C845%20or%20more%20a%20year

but may still qualify for certain benefits and the State Pension, if you’re either:

• an employee earning from £125 to £242 a week from one job

She has no other income apart from a small amount of dividends which is below still keeps her in the 20% bracket

your thoughts on this would be helpful, thanks

Dazed_and_C0nfused

https://forums.moneysavingexpert.com/discussion/6659067/state-pension-ni-contributions-discrepancy

Did you submit Real Time Information data as your wife's employer?

csgohan4

https://forums.moneysavingexpert.com/discussion/comment/81918010#Comment_81918010

I would need to check with my accountant, but he gave me the p60 for her for that year with the amount as stated for 24/25. I would presume so if he generated the p60

Dazed_and_C0nfused

https://forums.moneysavingexpert.com/discussion/comment/81918015#Comment_81918015

I suspect payroll software could enable a P60 to be created without anything being submitted to HMRC but checking with your accountant is a good idea.

Grumpy_chap

Was she paid monthly, or in one lump sum?

Were regular payslips provided?

Were any NI due paid?

What work did she do for the Ltd Co?

p00hsticks

NI Contributions are calculated and creditted per payment period, so did you pay her weekly, monthly or annually ?