Class 2 NI. What about us poor expats paying voluntary contributions?
#181
I still dont believe it..
Joined: Oct 2013
Location: 12 degrees north
Posts: 2,777
re: Class 2 NI. What about us poor expats paying voluntary contributions?
The uk elderly care systems punishes saving and investing all over the shop. It seems to me that in the uk If you have no savings the state will provide in a miserly manner, if you have paid extra into govt you will receive slightly less miserly payments but you will be taxed to make you as poor, and woe betide your estate if you need residential or even visiting care.
Here if I had an elderly aunt I can employ 2 trained nurses/housekeepers full time for about 450 - 550 pounds a month, why would anyone with options want care in the uk....
Here if I had an elderly aunt I can employ 2 trained nurses/housekeepers full time for about 450 - 550 pounds a month, why would anyone with options want care in the uk....
#182
BE Forum Addict
Joined: Aug 2013
Location: Athens GA
Posts: 2,133
re: Class 2 NI. What about us poor expats paying voluntary contributions?
The problem with all this is the assumption that there’s some sort of agreement l, contract even, that your contribution will be returned with interest which just might or not be the case now, and is a sitting duck of a target for politics to chop as their needs real and invented for other things grows.
We have seen huge real reductions in the value of monies paid into a state pension and this is I feel going to continue. Calculate the current payments vs the increased pension it obtains now then decide whether you trust politicians over the next x years till you retire where x has increased by a number already recently.
We have seen huge real reductions in the value of monies paid into a state pension and this is I feel going to continue. Calculate the current payments vs the increased pension it obtains now then decide whether you trust politicians over the next x years till you retire where x has increased by a number already recently.
Paying arrears of NI contributions is still one of the best deals around.
#183
I still dont believe it..
Joined: Oct 2013
Location: 12 degrees north
Posts: 2,777
re: Class 2 NI. What about us poor expats paying voluntary contributions?
Of course the pension companies are sharks of a different order, but where’s the maths that says returning to the uk and having your NI up to 35 years is so much better than having nada paid into the system and just after 3 months claiming the various benefits available to people on low pensions, cause you would it appears get the basic pension topped up in various ways. I have a relative who spent 30-60 in the states, returned to the uk with a major illness, flew back, walked into a&e a month later, and in 2 months was in residential care for life... The US state pension system now pays her quite a lot into her uk account, and the nhs can’t seem to be bothered to go for that. The systems just strange.
#184
Lost in BE Cyberspace
Joined: Jul 2016
Posts: 10,005
re: Class 2 NI. What about us poor expats paying voluntary contributions?
Of course the pension companies are sharks of a different order, but where’s the maths that says returning to the uk and having your NI up to 35 years is so much better than having nada paid into the system and just after 3 months claiming the various benefits available to people on low pensions, cause you would it appears get the basic pension topped up in various ways. I have a relative who spent 30-60 in the states, returned to the uk with a major illness, flew back, walked into a&e a month later, and in 2 months was in residential care for life... The US state pension system now pays her quite a lot into her uk account, and the nhs can’t seem to be bothered to go for that. The systems just strange.
I do agree that at some level of income it wouldn't be unreasonable to have some "ring-fenced" taxes applied to support the NHS, but otherwise why should a British citizen be penalized for where they choose to live ?
#185
BE Forum Addict
Joined: Aug 2013
Location: Eee Bah Gum
Posts: 4,128
re: Class 2 NI. What about us poor expats paying voluntary contributions?
Of course the pension companies are sharks of a different order, but where’s the maths that says returning to the uk and having your NI up to 35 years is so much better than having nada paid into the system and just after 3 months claiming the various benefits available to people on low pensions, cause you would it appears get the basic pension topped up in various ways. I have a relative who spent 30-60 in the states, returned to the uk with a major illness, flew back, walked into a&e a month later, and in 2 months was in residential care for life... The US state pension system now pays her quite a lot into her uk account, and the nhs can’t seem to be bothered to go for that. The systems just strange.
#186
Forum Regular
Joined: Oct 2012
Posts: 111
re: Class 2 NI. What about us poor expats paying voluntary contributions?
I used Sort Code 20 20 48, Account number 30944793, and paid from our UK account. I'm guessing that the 18 digit reference number that they needed was the one printed at the bottom left of the NI statement that HMRC sent me, so used that. In the Payee name, I placed HMRC and my NI number.
Fingers crossed!!
#187
Lost in BE Cyberspace
Joined: Jul 2016
Posts: 10,005
re: Class 2 NI. What about us poor expats paying voluntary contributions?
The uk elderly care systems punishes saving and investing all over the shop. It seems to me that in the uk If you have no savings the state will provide in a miserly manner, if you have paid extra into govt you will receive slightly less miserly payments but you will be taxed to make you as poor, and woe betide your estate if you need residential or even visiting care.
Here if I had an elderly aunt I can employ 2 trained nurses/housekeepers full time for about 450 - 550 pounds a month, why would anyone with options want care in the uk....
Here if I had an elderly aunt I can employ 2 trained nurses/housekeepers full time for about 450 - 550 pounds a month, why would anyone with options want care in the uk....
I agree about effect on the estate- we had an elderly aunt in UK and government literally forced her into old age home, and very quickly government moved to seize her house.
#188
BE Forum Addict
Joined: Jul 2015
Location: Panama City, FL
Posts: 2,054
re: Class 2 NI. What about us poor expats paying voluntary contributions?
I finally just paid the 8 years Class 2 that I was given permission to back pay, and could see no way to assign the payments made to a particular year, so I suppose that this is a risk for me too. To try and help avoid this, I made 8 separate CHAPS payments for the individual amounts due for each year. Let's see what happens!
I used Sort Code 20 20 48, Account number 30944793, and paid from our UK account. I'm guessing that the 18 digit reference number that they needed was the one printed at the bottom left of the NI statement that HMRC sent me, so used that. In the Payee name, I placed HMRC and my NI number.
Fingers crossed!!
I used Sort Code 20 20 48, Account number 30944793, and paid from our UK account. I'm guessing that the 18 digit reference number that they needed was the one printed at the bottom left of the NI statement that HMRC sent me, so used that. In the Payee name, I placed HMRC and my NI number.
Fingers crossed!!
#189
Just Joined
Joined: Feb 2008
Posts: 7
re: Class 2 NI. What about us poor expats paying voluntary contributions?
I finally just paid the 8 years Class 2 that I was given permission to back pay, and could see no way to assign the payments made to a particular year, so I suppose that this is a risk for me too. To try and help avoid this, I made 8 separate CHAPS payments for the individual amounts due for each year. Let's see what happens!
I used Sort Code 20 20 48, Account number 30944793, and paid from our UK account. I'm guessing that the 18 digit reference number that they needed was the one printed at the bottom left of the NI statement that HMRC sent me, so used that. In the Payee name, I placed HMRC and my NI number.
Fingers crossed!!
I used Sort Code 20 20 48, Account number 30944793, and paid from our UK account. I'm guessing that the 18 digit reference number that they needed was the one printed at the bottom left of the NI statement that HMRC sent me, so used that. In the Payee name, I placed HMRC and my NI number.
Fingers crossed!!
It took months to resolve even after I had Natwest provide their own proof that the transfer was successfully made correctly... d'oh! I hope I am an outlier.
#190
BE Enthusiast
Joined: Oct 2012
Posts: 677
re: Class 2 NI. What about us poor expats paying voluntary contributions?
Me and my colleague are trying to find out if we can still choose class 2 while overseas. Isn't it still available despite the budget 2016 stating it will be abolished in April 2018? We are a little confused.
#191
BE Enthusiast
Joined: Oct 2012
Posts: 677
re: Class 2 NI. What about us poor expats paying voluntary contributions?
Doesn't make any sense to pay all that extra class 3 if the addition to your pension is exactly the same. 2.95 vs 14.95 for the same pension.
#192
Just Joined
Joined: Nov 2015
Posts: 12
re: Class 2 NI. What about us poor expats paying voluntary contributions?
A slightly different question: but has anyone outside the UK been refused by HMRC NIC & EO to pay Voluntary Class 3 NICs on the basis that they don't meet the criteria?
"You can pay Class 3 NICs abroad:
Thanks
"You can pay Class 3 NICs abroad:
- if you have paid Class 1 NICs for the first 52 weeks of your employment abroad
- if you satisfy both of the following conditions
- you have lived in the UK for a continuous 3year period at any time before the period for which NICs are to be paid. (If you have lived or worked in another EEA country or in Turkey, time spent there might help you to meet this condition)
- before you went abroad, you paid a set amount in NICs for 3 years or more (this will be checked when you ask to pay Class 3 NICs) "
Thanks
#193
Lost in BE Cyberspace
Joined: Jul 2016
Posts: 10,005
re: Class 2 NI. What about us poor expats paying voluntary contributions?
Does anyone know what happens in the following scenario " someone pays Class 3, but then works abroad for a period and pays Class 2 : does the class 2 contribution get combined with the Class contribution ? But if it is below the total Class 3 contribution required for the year, can it be topped up to make a few year contribution ?
#194
re: Class 2 NI. What about us poor expats paying voluntary contributions?
It appears there have been some changes in the ability to make contribution if you were contracted out.
Should I buy a state pension top-up? | Daytoday News
Should I buy a state pension top-up? | Daytoday News
#195
BE Forum Addict
Joined: Aug 2013
Location: Eee Bah Gum
Posts: 4,128
re: Class 2 NI. What about us poor expats paying voluntary contributions?
It appears there have been some changes in the ability to make contribution if you were contracted out.
Should I buy a state pension top-up? Daytoday News
Should I buy a state pension top-up? Daytoday News