National Insurance
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jmf
Posts: 148 Forumite
I am interested in finding out the lower earnings limit for payment of N.I. Also, what is the value of N.I. contributions needed to give a years pension credit?
Could anyone help me please?
Could anyone help me please?
0
Comments
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If you start with this summary sheet it will probably have what you want
Rates and Allowances - National Insurance Contributions
These leaflets will probably have more detail.
CA17 Employee’s guide to minimum contributions
June 2002
CA17F How to calculate your minimum contribution
April 2001
They come from the Inland Revenue National Insurance Gateway site National Insurance Contributions
PS If you are trying to work out whether or not to make up missed NI contributions there is guide specifically devoted to this. Shortfall in National Insurance contributions - to pay or not to pay April 2004My weight loss following Doktor Dahlqvist' Dietary Program
Start 23rd Jan 2008 14st 9lbs Current 10st 12lbs0 -
Also, what is the value of N.I. contributions needed to give a years pension credit?
Could anyone help me please?
I don't think you are referring to Pension Credits here but in case you are
What is Pension Credit?
Pension Credit, introduced on 6 October 2003, is an entitlement for people aged 60 and over living in Great Britain. It is paid for out of taxation: you do not need to have paid National Insurance to be eligible.
From A guide to Pension CreditMy weight loss following Doktor Dahlqvist' Dietary Program
Start 23rd Jan 2008 14st 9lbs Current 10st 12lbs0 -
Ted,
Thank you very much for your reply.
My husband is 60 soon and is planning to stop work. We know that he will be credited automatically with contributions but I believe that if he works and pays NI in his pay he will not automatically be credited for the rest of the year.
What we will have to take into consideration is if he pays some NI what will be the cost in having to make up a full years contributions. He is planning to do temporary work say at Christmas and some holiday times. It may be best not to do any work if the cost of the contributions are more than he might earn.
I did not explain myself very well about the pension credit. What I meant was what is the amount that Inland Revenue consider to be a years contributions.0 -
I am sure the automatic credits will still apply.
See this previous thread paying particular attention to Osprey's reply.
Re: Increasing your State Pension previous threadMy weight loss following Doktor Dahlqvist' Dietary Program
Start 23rd Jan 2008 14st 9lbs Current 10st 12lbs0
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