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| John Rudd:
Anyone know what happens to NI payments when redundancy kicks in? Do I continue to pay them from my pension? Even though I'm not 65........ |
| lordedmond:
I would ring them up and ask you need to be sure on this But for info I got kicked out when I was 50 ,I have not worked since now 67 , ok I did not pay any more NI from the when I was 50 my state pension came though no problems , note I had been in full time employment since I left school at 15 , ok I only get the basic pension it's about £480 every four weeks If my brain cell is ok if you have 35 years in payments you are ok ,but do ring and ask it could cost you if you need to get some stamps Btw I do have a index liked works pension as well the state one give me pocket mony :D Stuart |
| philf:
:offtopic: --- Quote from: John Rudd on July 03, 2014, 12:22:03 PM ---Anyone know what happens to NI payments when redundancy kicks in? Do I continue to pay them from my pension? Even though I'm not 65........ --- End quote --- John, From the gov.uk site: https://www.gov.uk/state-pension/eligibility You need 30 qualifying years of National Insurance contributions or credits to get the full basic State Pension. I paid nothing after I retired at 57. Phil |
| awemawson:
As I started contracting after I retired I set up a standing order to pay NI - when I ceased contracting it was overlooked and I carried on paying for a couple of years. When I did a 'pension check' it revealed I'd paid over the 30 necessary years and they refunded my over payments - it was a handy lump sum :ddb: |
| DavidA:
John, I reached retirement age five years ago, but still work part time at the old firm. I don't pay NI contribution, but do pay tax when I exceed the tax free allowance. By the way, I didn't achieve the full 30 years paying in necessary to get a full pension, so I only get about 80%. Dave |
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