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  • FIRST POST
    • annabanana82
    • By annabanana82 14th Jan 20, 8:08 PM
    • 229Posts
    • 131Thanks
    annabanana82
    Transfer of NI credits
    • #1
    • 14th Jan 20, 8:08 PM
    Transfer of NI credits 14th Jan 20 at 8:08 PM
    My Husband (42) is a stay at home Dad and we'd thought the child benefit was giving him the NI credits but they were coming to me. I've completed the forms online on the 2nd January and not heard anything yet it does say 15 days so I realise I'm jumping the gun a little.

    Just wondered is this an easy process, it'll make a huge difference as he currently he still needs 18 years of contributions for his state pension and he has just applied to Uni so may not start full time work for 4 years if he gets in.

    Additionally is there anyway for a mature student to get NI credits other than paying it ourselves?

    Many thanks
Page 1
    • Dazed and confused
    • By Dazed and confused 14th Jan 20, 8:12 PM
    • 6,142 Posts
    • 3,265 Thanks
    Dazed and confused
    • #2
    • 14th Jan 20, 8:12 PM
    • #2
    • 14th Jan 20, 8:12 PM
    it'll make a huge difference as he currently he still needs 18 years of contributions for his state pension
    Is that based on a forecast obtained through DWP/gov.uk or the impression he needs 35 years?
    • annabanana82
    • By annabanana82 14th Jan 20, 8:17 PM
    • 229 Posts
    • 131 Thanks
    annabanana82
    • #3
    • 14th Jan 20, 8:17 PM
    • #3
    • 14th Jan 20, 8:17 PM
    Is that based on a forecast obtained through DWP/gov.uk or the impression he needs 35 years?
    Originally posted by Dazed and confused
    That's going through the Government gateway, he has done some part time work but not enough to earn credits. But he been in ill health the last year so will not be able to return the work he's used to as planned later this year, hence the university application.
    • Dazed and confused
    • By Dazed and confused 14th Jan 20, 8:32 PM
    • 6,142 Posts
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    Dazed and confused
    • #4
    • 14th Jan 20, 8:32 PM
    • #4
    • 14th Jan 20, 8:32 PM
    That's ok, a lot of people posting on here are under the mistaken impression 35 years is important. Which it isn't for those already in the system when the new rules started.
    • molerat
    • By molerat 14th Jan 20, 8:44 PM
    • 21,817 Posts
    • 16,029 Thanks
    molerat
    • #5
    • 14th Jan 20, 8:44 PM
    • #5
    • 14th Jan 20, 8:44 PM
    From experience turnround time for NI credit transfer is generally 4 to 6 weeks unless there is a query.
    https://www.helpforheroes.org.uk/give-support/donate-now/
    • annabanana82
    • By annabanana82 14th Jan 20, 9:06 PM
    • 229 Posts
    • 131 Thanks
    annabanana82
    • #6
    • 14th Jan 20, 9:06 PM
    • #6
    • 14th Jan 20, 9:06 PM
    Thank you, one less thing to worry about
    • Paul_Herring
    • By Paul_Herring 14th Jan 20, 11:01 PM
    • 7,028 Posts
    • 3,725 Thanks
    Paul_Herring
    • #7
    • 14th Jan 20, 11:01 PM
    • #7
    • 14th Jan 20, 11:01 PM
    Additionally is there anyway for a mature student to get NI credits other than paying it ourselves?
    Earn at least 118 a week - current minimum wage puts that at 13/14 hours a week.
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
    • annabanana82
    • By annabanana82 14th Jan 20, 11:07 PM
    • 229 Posts
    • 131 Thanks
    annabanana82
    • #8
    • 14th Jan 20, 11:07 PM
    • #8
    • 14th Jan 20, 11:07 PM
    Earn at least 118 a week - current minimum wage puts that at 13/14 hours a week.
    Originally posted by Paul_Herring
    I think that might be a bit too much for him in the first year at least. He'll have to make up for it afterwards assuming he gets in.
    • Dazed and confused
    • By Dazed and confused 14th Jan 20, 11:14 PM
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    Dazed and confused
    • #9
    • 14th Jan 20, 11:14 PM
    • #9
    • 14th Jan 20, 11:14 PM
    Additionally is there anyway for a mature student to get NI credits other than paying it ourselves?
    The cheapest option when it comes to paying it himself would be for him to start a small/micro business and pay voluntary Class 2 National Insurance.

    Completing a Self Assessment return in his situation may take 5 or 10 minutes but Class 2 National Insurance is c150 in comparison to c750 for voluntary Class 3 National Insurance.
    • annabanana82
    • By annabanana82 14th Jan 20, 11:38 PM
    • 229 Posts
    • 131 Thanks
    annabanana82
    The cheapest option when it comes to paying it himself would be for him to start a small/micro business and pay voluntary Class 2 National Insurance.

    Completing a Self Assessment return in his situation may take 5 or 10 minutes but Class 2 National Insurance is c150 in comparison to c750 for voluntary Class 3 National Insurance.
    Originally posted by Dazed and confused

    That could well be an option, thank you.
    • Dazed and confused
    • By Dazed and confused 14th Jan 20, 11:48 PM
    • 6,142 Posts
    • 3,265 Thanks
    Dazed and confused
    This is an extract from the tax return notes for 2018:19.

    Trading Income Allowance
    If your combined receipts from self-employment (excluding Rent-a-Room trades) and certain miscellaneous income (read page TRG 8, Box 17 Other taxable income) are no more than 1,000 they are exempt from tax and do not need to be reported on a tax return unless the receipts are from a connected party. This new allowance applies to any receipts that would otherwise be included on your tax return for the year ended 5 April 2019.

    If your income is no more than 1,000, you may choose to complete the ‘Self-employment’ pages if:

    • your allowable expenses are higher than your turnover and you want to claim relief for the loss or carry forward a loss to be used against future profits
    • you expect your turnover to exceed 1,000 in the next tax year
    • you want to voluntarily pay Class 2 National Insurance Contributions to build entitlement to contributory benefits like the State Pension
    • you want to preserve your record of
    self-employment, for example to support an application for Maternity Allowance
    • you would like to claim Tax Free Childcare based on your self-employment income
    • you’re a subcontractor and want to claim back tax deducted under the Construction Industry Scheme (CIS)
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