Voluntary National Insurance contributions
Jan 21st 2019, 5:10 pm
#1
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Thread Starter
Joined: Apr 2009
Location: Scotland & Touraine [37]
Posts: 3,018
Voluntary National Insurance contributions
For anyone thinking of topping-up any missing or underfunded years of UK national insurance contributions then you should consider doing it before April 5th 2019.
The cost of each year will rise by up to £90 after this date.
Each year counts for 1/35th of the full State Pension.
The cost of each year will rise by up to £90 after this date.
Each year counts for 1/35th of the full State Pension.
Last edited by cyrian; Jan 21st 2019 at 5:13 pm. Reason: formatting
Jan 23rd 2019, 10:17 pm
#2
Just Joined
Joined: Mar 2015
Location: Vancouver, BC
Posts: 12
Re: Voluntary National Insurance contributions
Thank you for the reminder, I need to pay for a couple of years still.
Jan 28th 2019, 12:46 am
#3
Lost in BE Cyberspace
Joined: Nov 2012
Location: bute
Posts: 9,740
Re: Voluntary National Insurance contributions
Cost of National Insurance Contributions DEPEND ON THE YEAR THAT YOU ARE PAYING FOR. The cost has changed on a yearly basis. Voluntary Contribuutions if youy can make them are actuarially the best buy on the market. Anyone who ignore stjhis opportunity is being foolish.
Jan 28th 2019, 5:06 am
#4
BE Enthusiast
Joined: Jan 2017
Posts: 392
Re: Voluntary National Insurance contributions
What is the final pension currently?
What are the comparable full years contribution?
Is it income or asset tested?
What are the comparable full years contribution?
Is it income or asset tested?
Jan 28th 2019, 6:03 am
#5
Lost in BE Cyberspace
Joined: Nov 2012
Location: bute
Posts: 9,740
Re: Voluntary National Insurance contributions
It is NOT means-tested. Your income or capital will not affect State Retirement Pension.
The full basic State Pension you can get is £164.35 per week. You need 35 qualifying years of National Insurance contributions to get the full amount. You'll still get something if you have at least 10 qualifying years - these can be before or after April 2016.
The full basic State Pension you can get is £164.35 per week. You need 35 qualifying years of National Insurance contributions to get the full amount. You'll still get something if you have at least 10 qualifying years - these can be before or after April 2016.
Last edited by scot47; Jan 28th 2019 at 6:06 am.
Jan 28th 2019, 7:50 am
#6
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Joined: Aug 2013
Location: Eee Bah Gum
Posts: 4,129
Re: Voluntary National Insurance contributions
It is NOT means-tested. Your income or capital will not affect State Retirement Pension.
The full basic State Pension you can get is £164.35 per week. You need 35 qualifying years of National Insurance contributions to get the full amount. You'll still get something if you have at least 10 qualifying years - these can be before or after April 2016.
The full basic State Pension you can get is £164.35 per week. You need 35 qualifying years of National Insurance contributions to get the full amount. You'll still get something if you have at least 10 qualifying years - these can be before or after April 2016.
