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Retire after 2010 done 30yrs + Can I stop paying NI?

robert_harper_2000
robert_harper_2000 Posts: 1,501 Forumite
in Pensions, annuities & retirement planning
My Dad is born in 1948 and has worked plenty years above the 30. Can he stop paying NI as it won't make a difference paying anything extra?
Help me to help you :santa2:

Comments

  • seven-day-weekend
    seven-day-weekend Posts: 36,755 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    If he is working he has to continue to pay NI as they cover him for other things apart from pension.

    If he is not working he needn't pay any more if he has done his 30 years.

    My husband is in a similar position - retirement date 2014, he has paid 36 years NI and as he is not working doesn't need to pay any more.
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
  • derrick
    derrick Posts: 7,424 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    robert_harper_2000 wrote: »
    My Dad is born in 1948 and has worked plenty years above the 30. Can he stop paying NI as it won't make a difference paying anything extra?

    No,it is a tax on earnings despite what they call it.
    Don`t steal - the Government doesn`t like the competition


  • robert_harper_2000
    robert_harper_2000 Posts: 1,501 Forumite
    NI does pay towards other things but not much. Job seekers etc won't really be needed. It was Derrick has said is just another Tax
    Help me to help you :santa2:
This discussion has been closed.
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