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Voluntary National Insurance contributions

Voluntary National Insurance contributions

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Old Dec 30th 2016, 1:40 pm
  #196  
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Default Re: Voluntary National Insurance contributions

Originally Posted by morpeth
.I am curious how just working abroad can add qualifying years ?
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.

Last edited by BristolUK; Dec 30th 2016 at 1:45 pm.
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Old Dec 30th 2016, 2:01 pm
  #197  
 
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Default Re: Voluntary National Insurance contributions

Originally Posted by BristolUK
It's the 'reciprocal' thing. Some years in one country may count for another and vice versa.
Under some limited circumstances years in the US and the UK can be aggregated.
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Old Dec 30th 2016, 7:46 pm
  #198  
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Default Re: Voluntary National Insurance contributions

Originally Posted by Quokka
I think that would be the case if you are a UK resident.

I wrote to HMRC. I would have to look for details.
Thanks Quokka.
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.
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Old Dec 30th 2016, 8:18 pm
  #199  
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Default Re: Voluntary National Insurance contributions

Originally Posted by Pulaski
Under some limited circumstances years in the US and the UK can be aggregated.
Is it correct if one worked overseas but wished to make voluntary contributions such contributions can only be Class 3 contributions ?
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Old Dec 30th 2016, 8:21 pm
  #200  
 
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Default Re: Voluntary National Insurance contributions

Originally Posted by morpeth
Is it correct if one worked overseas but wished to make voluntary contributions such contributions can only be Class 3 contributions ?
No, but it will be from 2018 onwards. I myself, have been making Class 2 contributions covering years since, IIRC, 2008.
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Old Dec 30th 2016, 9:11 pm
  #201  
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Default Re: Voluntary National Insurance contributions

Originally Posted by Pulaski
No, but it will be from 2018 onwards. I myself, have been making Class 2 contributions covering years since, IIRC, 2008.
What about before2018 ? I received the calculation of what I can do for catch-up contributions. I had thought being overseas I could only do Class C, whether I was in self employment, or working. I have some early Class 1, a few years according to their statement I had contributions which I am not sure how they calculated, and then a gap which is around 680 to 700 pounds or so per year.

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.
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Old Dec 30th 2016, 9:47 pm
  #202  
 
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Default Re: Voluntary National Insurance contributions

Originally Posted by morpeth
What about before2018 ? .....


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.
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Old Dec 30th 2016, 10:39 pm
  #203  
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Default Re: Voluntary National Insurance contributions

Originally Posted by Pulaski


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.
Nope....you can pay Class 2 if you are employed or self-employed abroad.
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Old Dec 31st 2016, 8:02 am
  #204  
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Default Re: Voluntary National Insurance contributions

Originally Posted by Exnorthumbrian
Thanks Quokka.
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.
This only applies to UK residents.
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Old Dec 31st 2016, 7:25 pm
  #205  
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Default Re: Voluntary National Insurance contributions

Originally Posted by nun
Nope....you can pay Class 2 if you are employed or self-employed abroad.
And according to what's been confirmed in my application to pay, also if one is neither.
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Old Jan 2nd 2017, 12:32 am
  #206  
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Default Re: Voluntary National Insurance contributions

Originally Posted by Quokka
I think that would be the case if you are a UK resident.

I wrote to HMRC. I would have to look for details.
I believe you can only buy back 6 years.
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Old Jan 2nd 2017, 12:46 am
  #207  
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Default Re: Voluntary National Insurance contributions

Originally Posted by morpeth
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.
Thank you
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Old Jan 2nd 2017, 1:18 am
  #208  
 
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Default Re: Voluntary National Insurance contributions

Originally Posted by shelley748
I believe you can only buy back 6 years.
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.
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Old Jan 2nd 2017, 7:35 am
  #209  
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Default Re: Voluntary National Insurance contributions

Originally Posted by Pulaski
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.
It must be related to the transitional arrangements. On my case the last 6 years can be paid up until 2023. thus by 2022 some would have been 10 years earlier
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Old Jan 2nd 2017, 7:05 pm
  #210  
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Default Re: Voluntary National Insurance contributions

Originally Posted by shelley748
I believe you can only buy back 6 years.
Current year plus 6 previous years I think. When I paid my back years I thought they had allowed 7 years but I applied about this time of year (before April) so was able to effectively pay 7 years in arrears.
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