State Pension querry

zarazara

Hi all, my husband now has more than 30 years NI contributions.
Can he get a refund on the excess years required to qualify for full state pension? and can he cease paying NI,or the pension element of it?
Thanks.

jem16

If you continue to work you must continue to pay NI. NI pays for more than just the state pension.

MABLE

zarazara wrote: »

Hi all, my husband now has more than 30 years NI contributions.
Can he get a refund on the excess years required to qualify for full state pension? and can he cease paying NI,or the pension element of it?
Thanks.

If only we could!

Paul_Herring

zarazara wrote: »

Hi all, my husband now has more than 30 years NI contributions.
Can he get a refund on the excess years required to qualify for full state pension? and can he cease paying NI,or the pension element of it?

What excess? Is he planning on paying for all his medical bills if he was able to stop paying NI before retirement?

Unlike a personal pension, part of your NI contributions aren't 'ringfenced' to pay for your pension. So there isn't a 'pension element' of it. (In reality, today's NI contibutions pay for today's pensions. A glorified ponzi scheme if you will.)

In short, the answer to your question is no.

Eagle15

Our NI Contributions are supposed to pay for our National Health Service and our Pensions. In reality they just go into the same government pot that pays for everything. In other words, NI Contributions are just another form of Income Tax that those of us that can't afford expensive accountants have to pay.