NI contributions

[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


Stuart

[philf]

 

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........

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 

[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

[John Rudd]

Guys,

Thanks for the info.. ..it's helped a lot and I feel better knowing I may not gave to pay any more.....

[gerritv]

Just make sure you don't retire to the ex-colonies such as Aus, NZ, SA or Canada. Your pension is frozen the day you start it when living in countries such as those. EU, US, parts of Asia are fine.

They can spend >GB1B on GCHQ spying efforts but not GB400m per year to index veterans pensions in those countries.

From what I have seen of NI, make very sure to check their facts, they can and do make a mess of things at times! (I am involved with Canadian Alliance of British Pensioners who are one group fighting this discriminatory action)

[fcheslop]

Contact the DWP they will check that you have enough contributions to stop paying N I.
In the past Iv just stopped working for a while and have never had any probs  .
cheers

[chipenter]

I was made redundant and got 6 monthes pay in lew of notice , went to the job centre and registerd and they covered N I payments for me , I got nothing else from them but advice so that is the place to go first of all .

[lordedmond]

Jeff

Did they do the full stamp or just the sick pay part ?

With me they only would do the sick pay bit  , plus they expected me to take any job that was on offer whether it was suitable or not

If I remember it was only for a limited time

So I told them to take me off the unemployed register to get rid of the hassle , note i did not want another job 

They evan insisted that I buy a paper every week to look for work, do this do that

Stuart

[chipenter]

I got full stamp as I tecnicaly employed but not covered by N I , I went self employed after six monthes .

[John Rudd]

Thought I'd update this thread....
I got my statement from DWP.
I have 39 years worth of contributions....so am entitled to a full state handout...

If I go back to work and earn sufficient I will continue to pay stamps....At this time I have no need or desire to work for payment.....