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Forum: USA

Sep 4th 2022, 9:30 pm

Replies: 41

Should I make voluntary contributions to national insurance?

Views: 7,268

Posted By durham_lad

Re: Should I make voluntary contributions to national insurance?

You can open a Wise account from the USA denominated in GBP with a UK bank sort code and account number. Easy to transfer USD to that account to pay NI contributions.

Forum: USA

Aug 28th 2022, 12:41 pm

Replies: 41

Should I make voluntary contributions to national insurance?

Views: 7,268

Posted By durham_lad

Re: Should I make voluntary contributions to national insurance?

Our experience for my wife and I is that we applied for and received the letter stating exactly how many missing years we could pay and exactly how much that would cost. We then used that letter...

Forum: USA

Jul 12th 2022, 1:52 pm

Replies: 41

Should I make voluntary contributions to national insurance?

Views: 7,268

Posted By durham_lad

Re: Should I make voluntary contributions to national insurance?

Good idea to start a new thread, it should be very interesting.

Forum: USA

Jul 12th 2022, 9:00 am

Replies: 41

Should I make voluntary contributions to national insurance?

Views: 7,268

Posted By durham_lad

Re: Should I make voluntary contributions to national insurance?

Without knowing all your circumstances I would not know the significance of taking OAP but making voluntary contributions certainly won’t affect the situation. Have you walked yourself through the...

Forum: USA

Jul 9th 2022, 3:11 pm

Replies: 41

Should I make voluntary contributions to national insurance?

Views: 7,268

Posted By durham_lad

Re: Should I make voluntary contributions to national insurance?

If his current OAP is £90/week and he doubles it to £180/week with voluntary contributions then only £90/week is used in the WEP calculation.

There is a maximum reduction in WEP of about...

Forum: USA

Jul 9th 2022, 1:47 pm

Replies: 41

Should I make voluntary contributions to national insurance?

Views: 7,268

Posted By durham_lad

Re: Should I make voluntary contributions to national insurance?

since he is living in the USA he may qualify for the cheap rate of contributions, Class 2, in which case yes, it is as good as it seems. However, under normal circumstances you can only backpay the...

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