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Another NI contribution question

Another NI contribution question

Old Oct 20th 2010, 3:14 pm
  #16  
 
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Default Re: Another NI contribution question

I can confirm I am paying Class 2. I didn't find the information terribly clear so I ticked both Class 2 and 3 on the original form. They wrote back to me, asked for information about employment (together with proof). Few weeks later I got confirmation that application for Class 2 had been accepted.
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Old Oct 20th 2010, 4:05 pm
  #17  
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Default Re: Another NI contribution question

Originally Posted by Novocastrian
Along the lines of "Oh, you live in Canada, do you know Jim Bollox?", where in france will he retire?
They will be near Macon in southern Burgundy.
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Old Oct 20th 2010, 4:58 pm
  #18  
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Default Re: Another NI contribution question

They had a Spending Review today, havent seen it all yet, but would impact retirement age and possible pension.

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Old Oct 21st 2010, 3:24 am
  #19  
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Default Re: Another NI contribution question

Originally Posted by JonboyE
They will be near Macon in southern Burgundy.
Far from us, then. Ah well. You can come to Normandy for a visit though.
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Old Oct 21st 2010, 3:37 am
  #20  
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Default Re: Another NI contribution question

Originally Posted by Tangram
Just received a letter from HM advising that for the year 2008-2009 I can make up the missing NI contributions with just over £400 cheque.

I currently have 26 years contributions in.

Is it worth me doing so as I doubt there will be much of a basic state pension when I get there ? If they scrapped it would they only honour people who have full contributions ( I know....unanswerable )

If I don't does it mean I would get 26/30th of the full basic state pension anyway ?

Noting the amount to make up one year and assuming similar amounts for the other remaining 3 years, that would be about £1700 to get the full 30 years.....again is it worth it ?

Thoughts ?
Just guessing but it sounds to me like you're paying class 3 at that rate. I'd give HMRC a call (they have a pretty good overseas service; answer more quickly than when I was in the UK!) and find out what your status would have to be to pay class 2 which is much less and will be worth your while. You can make these contributions any time between now and retirement age so don't feel the pressure to do it now either.

Re: Novo's earlier comment I was also pleasantly surprised to find out that time in FTE counts from 18!
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Old Oct 25th 2010, 6:43 pm
  #21  
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Default Re: Another NI contribution question

So the Announced potential pension review may affect everyone as It appears Cable may opt for a residency requirement.......
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Old Oct 25th 2010, 6:49 pm
  #22  
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Default Re: Another NI contribution question

Originally Posted by gryphea
So the Announced potential pension review may affect everyone as It appears Cable may opt for a residency requirement.......
Bugger. Link?
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Old Oct 25th 2010, 6:59 pm
  #23  
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Default Re: Another NI contribution question

"Instead of basing pensions on means testing, the new system would be based on residency, with British citizens or people who have been living in the country for a certain number of years qualifying."

from today's Grauniad. But it's a bit ambiguous, does it mean all British Citizens AND some other people who live in the UK, or British citizens who live in the UK and some others who do too?
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Old Oct 25th 2010, 10:31 pm
  #24  
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Default Re: Another NI contribution question

Originally Posted by Novocastrian
"Instead of basing pensions on means testing, the new system would be based on residency, with British citizens or people who have been living in the country for a certain number of years qualifying."

from today's Grauniad. But it's a bit ambiguous, does it mean all British Citizens AND some other people who live in the UK, or British citizens who live in the UK and some others who do too?
Not enough detail I agree.
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Old Oct 25th 2010, 11:15 pm
  #25  
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Default Re: Another NI contribution question

http://www.bbc.co.uk/news/uk-politics-11618019

This isn't clear either. Basically I think its because it hasn't been announced yet and its still speculation. whether its speculation based on fact remains to be seen.
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