Voluntary National Insurance contributions
#196
Re: Voluntary National Insurance contributions
It's the 'reciprocal' thing. Some years in one country may count for another and vice versa.
Take Canada as an example. One of Canada's Pensions - Old Age Security - has a residential qualifying period. It's 10 years and 40 gets the maximum (subject to other conditions) and if you've done 10, you may get a quarter of the max.
If, say, you've only done 6 but you did more than 4 years in certain other countries - say, the UK - then Canada may treat you has having achieved the 10 years necessary and pay a 25% rate.
Take Canada as an example. One of Canada's Pensions - Old Age Security - has a residential qualifying period. It's 10 years and 40 gets the maximum (subject to other conditions) and if you've done 10, you may get a quarter of the max.
If, say, you've only done 6 but you did more than 4 years in certain other countries - say, the UK - then Canada may treat you has having achieved the 10 years necessary and pay a 25% rate.
Last edited by BristolUK; Dec 30th 2016 at 1:45 pm.
#198
ExPonteland
Joined: Dec 2016
Posts: 18
Re: Voluntary National Insurance contributions
I am still resident in Australia - so not sure whether I will need to be UK to get the pension or can get it sent to OZ.
I have sent an email to Longbenton.
#200
Re: Voluntary National Insurance contributions
No, but it will be from 2018 onwards. I myself, have been making Class 2 contributions covering years since, IIRC, 2008.
#201
Lost in BE Cyberspace
Joined: Jul 2016
Posts: 10,009
Re: Voluntary National Insurance contributions
Then if I understand it, one only gets credited in full years. The other thing which I found curious is I understood one could only go back 6 years to catch up, but on each of those past years it says I have until 2023. I am a bit confused.
#202
Re: Voluntary National Insurance contributions
My post, that you quoted, answered exactly that question - I am paying Class 2, and will do until next year. I think I have to be employed, not self-employed to qualify for Class 2.
Last edited by Pulaski; Dec 30th 2016 at 9:50 pm.
#203
Re: Voluntary National Insurance contributions
Nope....you can pay Class 2 if you are employed or self-employed abroad.
#207
BE Forum Addict
Joined: Jan 2008
Location: Near Kingston, Ontario
Posts: 1,318
Re: Voluntary National Insurance contributions
The HMRC website will show your prior contributions and also shows to catch up on any prior years contributions not made. It also showed what future pension will be ( making assumption all future payments made).
I then looked up myself UK government site on pensions, and it gave an easy to understand background ( except not abundantly clear on issues regarding Class 2 and 3 pensions.
I then looked up myself UK government site on pensions, and it gave an easy to understand background ( except not abundantly clear on issues regarding Class 2 and 3 pensions.
#208
Re: Voluntary National Insurance contributions
That is generally correct, but I have heard of cases where payment more than six years in arrears was permitted, but I am not certain why. It might have been connected to the transitional arrangements for people who were not going to meet the 35 years of contributions requirement (after the announcement of it going up from 30 years) despite having paid for all recent years.
Last edited by Pulaski; Jan 2nd 2017 at 1:20 am.
#209
Lost in BE Cyberspace
Joined: Jul 2016
Posts: 10,009
Re: Voluntary National Insurance contributions
That is generally correct, but I have heard of cases where payment more than six years in arrears was permitted, but I am not certain why. It might have been connected to the transitional arrangements for people who were not going to meet the 35 years of contributions requirement (after the announcement of it going up from 30 years) despite having paid for all recent years.
#210
BE Forum Addict
Joined: Aug 2013
Location: Eee Bah Gum
Posts: 4,136
Re: Voluntary National Insurance contributions