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Rebate of Voluntary NI contributions paid unnecessarily
HarryD
Posts: 115 Forumite
I retired with 33 years pensionable service and began making voluntary National Insurance contributions of around £98 a quarter so that I would eventually qualify for a full state pension.
In 2006 the Government announced they were thinking of changing the rules such that only 30 years of contributions would be needed to qualify for a full state pension. I contributed up until 8 July 2006. With hindsight the voluntary contributions I made in those three and a half years post retirement were wasted. Darn.
But I caught something on Money Box on Monday that suggested I might be able to get a rebate of some of the contributions I made. Does anybody know the details?
In 2006 the Government announced they were thinking of changing the rules such that only 30 years of contributions would be needed to qualify for a full state pension. I contributed up until 8 July 2006. With hindsight the voluntary contributions I made in those three and a half years post retirement were wasted. Darn.
But I caught something on Money Box on Monday that suggested I might be able to get a rebate of some of the contributions I made. Does anybody know the details?
0
Comments
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Maybe this:
http://www.guardian.co.uk/business/2007/jan/17/pensionsbill2006.statepensions?gusrc=rss&feed=money
"Yesterday the government said people who have made voluntary NI contributions to make up for gaps in their records may be able to claim a refund if they made the contributions since 25 May 2006."
So I assume only ~6 weeks worth of potential rebate in your case.Stompa0 -
Thank you, Stompa. So the rebate would be £40 or so. Worth the price of a stamp to have a go at getting it back. Much appreciated.0
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