23
Apr
2019
A question about : National Insurance query
I have 40 years National Insurance contributions. I plan to retire from my current job on 01/01/2016 at the age of 63. I shall then take my occupational pension. I am male - despite my username. My state pension age is 65.
I plan to take alternative part-time work between the age of 63 and 65.
Do I pay National Insurance contributions during this period? And, if so, at what rate and at what threshold?
thank you
Best answers:
- You will be liable for NI contributions at exactly the same rate until you reach your state pension age.
- Just to add to TQ's reply - you will only pay NI contributions on your part time earnings, there will be no NI contributions payable from your occupational pension, just income tax.
(And congratulations on de-lurking after over 9 years!) - Thanks for the reassurance - I thought there was a category of NI 'stamp' which could/should be paid when not earning and not claiming unemployment benefit. However, I am now OK with not paying and have my printout of contributions showing full payments and nothing outstanding or missing.
Off to sit by the sea (well, at least in the morning when the sun rises!).
Category:
- 370 reads
Popular
- Getting post for someone never lived at address Views: 78,834
- Letter from po box 8743 bellshill Views: 50,382
- Transaction on my current account from "who internet internet" Who are they??? Views: 40,100
- What is EESA? Views: 37,286
- Lloyds TSB Trustcard loyalty points Views: 26,088