re: Class 2 NI. What about us poor expats paying voluntary contributions?
Originally Posted by mrken30
(Post 12030326)
If you have someone you can trust in the UK maybe you could setup direct debit using their account and pay directly into that persons account. Their account details are less likely to change and HMRC will pull the payment which may be safer.
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re: Class 2 NI. What about us poor expats paying voluntary contributions?
I just got my 2017/2018 NIC statement.
I pay Class 2 NICs. They've gone up by a few pence each week. There was nothing on the form indicating Class 2 would be abolished next April. |
re: Class 2 NI. What about us poor expats paying voluntary contributions?
I hear they have just reversed the NI changes that were introduced in the budget. No idea if this will affect expats.
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re: Class 2 NI. What about us poor expats paying voluntary contributions?
I paid a lump sum of six years for Class 2 but I can't make payments for tax years 2001-2005. I don't see why they can't allow it. What is the reasoning behind the 6 year lookback?
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re: Class 2 NI. What about us poor expats paying voluntary contributions?
Originally Posted by mrken30
(Post 12206147)
I hear they have just reversed the NI changes that were introduced in the budget. No idea if this will affect expats.
I think this is just reversing Hammond's NIC increase and has nothing to do with abolishing Class 2 NIC |
re: Class 2 NI. What about us poor expats paying voluntary contributions?
Originally Posted by drhewitt
(Post 12206151)
I think this is just reversing Hammond's NIC increase and has nothing to do with abolishing Class 2 NIC
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re: Class 2 NI. What about us poor expats paying voluntary contributions?
Originally Posted by mrken30
(Post 12206147)
I hear they have just reversed the NI changes that were introduced in the budget. No idea if this will affect expats.
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re: Class 2 NI. What about us poor expats paying voluntary contributions?
Originally Posted by nun
(Post 12206212)
Yes. Class 2 NI was abolished by Osborne. It will be gone April 2018 and I assume that expats will then pay Class 3 voluntary NI.
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re: Class 2 NI. What about us poor expats paying voluntary contributions?
Originally Posted by Giantaxe
(Post 12206351)
I assume that too although I have yet to see anything that formally states it (?).
http://britishexpats.com/forum/usa-5.../#post12151171 |
re: Class 2 NI. What about us poor expats paying voluntary contributions?
Britishexpats.com quoted in Alan Partridge-esque headlined article... It did sound like an amazing deal.
https://www.theguardian.com/money/2017/mar/18/national-insurance-self-employed-400pc-more-contributions |
re: Class 2 NI. What about us poor expats paying voluntary contributions?
Originally Posted by Pulaski
(Post 12151411)
It used to be an "excellent" deal, now it's just a "great" deal.
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re: Class 2 NI. What about us poor expats paying voluntary contributions?
I wrote to HMRC and this was their reply....
Thank you for contacting HMRC Residency. The Government is currently proposing to abolish Class 2 NICs for self employed people from April 2018. This means that for some customers who previously paid voluntary Class 2 NICs or a special rate of Class 2 NICs this option will no longer be available. To protect benefit entitlement they may need to consider paying Class 3 NICs. Further information will be provided on Gov.uk as it becomes available". |
re: Class 2 NI. What about us poor expats paying voluntary contributions?
If we have to pay more for Class 3 we will lose the benefits associated with Class 2 NICs.
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re: Class 2 NI. What about us poor expats paying voluntary contributions?
Originally Posted by drhewitt
(Post 12245622)
If we have to pay more for Class 3 we will lose the benefits associated with Class 2 NICs.
https://www.financialadvice.co.uk/ne...0-by-2050.html |
re: Class 2 NI. What about us poor expats paying voluntary contributions?
Originally Posted by drhewitt
(Post 12245622)
If we have to pay more for Class 3 we will lose the benefits associated with Class 2 NICs.
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