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Do you continue National Insurance contributions?

Do you continue National Insurance contributions?

Old Jul 29th 2007, 4:13 pm
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Default Do you continue National Insurance contributions?

Hi everyone... Just wondering who amongst us, in the US of A, have chosen to continue to make National Insurance contributions. If so...

Class 1, 2, or 3?
How much?
How often?
What method (transfer, check, visa)?
And why? Is there a certain payoff you're after, specifically? Healthcare? Bus money? What makes it worth it?
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Old Jul 29th 2007, 4:24 pm
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Default Re: Do you continue National Insurance contributions?

Originally Posted by Bergamot View Post
Hi everyone... Just wondering who amongst us, in the US of A, have chosen to continue to make National Insurance contributions. If so...

Class 1, 2, or 3?
How much?
How often?
What method (transfer, check, visa)?
And why? Is there a certain payoff you're after, specifically? Healthcare? Bus money? What makes it worth it?
While you are waiting for replies, you might try running a search for national insurance on this part of the board. I know it's been addressed several times before.
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Old Jul 29th 2007, 5:44 pm
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Default Re: Do you continue National Insurance contributions?

Plenty of info here ...

http://www.thepensionservice.gov.uk/
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Old Jul 29th 2007, 5:47 pm
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Default Re: Do you continue National Insurance contributions?

I stopped when I left and acording to NI in the Uk I will still get the full UK pension when I retire.
A friend of mine in Colorrado left the UK 25 years ago and now gets the full amount every month paid to her US bank account.
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Old Jul 29th 2007, 5:53 pm
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Default Re: Do you continue National Insurance contributions?

Originally Posted by Patrick Hasler View Post
I stopped when I left and acording to NI in the Uk I will still get the full UK pension when I retire.
A friend of mine in Colorrado left the UK 25 years ago and now gets the full amount every month paid to her US bank account.
Are you sure Pat ..
you currently need 44 years of contribution
but there are talk of reducing this to 30 years but not happened yet

you can get a pension forecast easily enough
just did it ...
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Old Jul 29th 2007, 6:15 pm
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Default Re: Do you continue National Insurance contributions?

Nope not me. I only earned a wage/salary full-time for 2 1/2 years anyway, before leaving for France. And now I have zero intention of returning anyway, and really no interest in getting the downgraded expats' pension.
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Old Jul 29th 2007, 7:29 pm
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Default Re: Do you continue National Insurance contributions?

Originally Posted by Patrick Hasler View Post
I stopped when I left and acording to NI in the Uk I will still get the full UK pension when I retire.
A friend of mine in Colorrado left the UK 25 years ago and now gets the full amount every month paid to her US bank account.
You will only get the full pension if you keep paying in to it until you get the 44 years in.Thats as it is at the moment.They allowed me 21 years so i get 47% of the UK pension plus my pension from US social security.I think you have to have a minimum of 9 years paid in before they will allow you to draw a percentage of the UK pension.
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Old Jul 29th 2007, 7:49 pm
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Default Re: Do you continue National Insurance contributions?

Since retiring from full time employment 8 yrs ago I continued to pay voluntary Class 2 contributions approx £31 per month currently.In 15 months I will be entitled to full UK pension at 65 yrs of age.paid in 44 years.Even with part time work I also paid the contributions on the pay earned over a certain amount, but can claim that back at the end of each year.Just sent P60 to HM Customs & Excise(was NI)and get a refund on what I paid extra,(a little savings scheme).
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Old Jul 30th 2007, 12:20 am
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Default Re: Do you continue National Insurance contributions?

Originally Posted by Arizona Wurzel View Post
You will only get the full pension if you keep paying in to it until you get the 44 years in.Thats as it is at the moment.They allowed me 21 years so i get 47% of the UK pension plus my pension from US social security.I think you have to have a minimum of 9 years paid in before they will allow you to draw a percentage of the UK pension.
Hurray, so if DH gets UK pension AND social security, we may not be eating catfood in 10 years time after all!!
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Old Jul 30th 2007, 3:20 am
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Default Re: Do you continue National Insurance contributions?

Muchos gracias everyone... I have a feeling I'll get screwed in both the US and the UK if I'm lucky enough to totter into old age. 44 years paying in? Erm, I've switched continents a couple too many times already and just haven't paid good and proper attention to knowing this sort of stuff. It all feels so daunting. So perhaps I'll change my question a bit....

Anyone know a kickass ACCOUNTANT that specializes in UK+US tax matters? (Real estate, income tax, etc) that will waltz me through all decisions with grace, ease, and flair?
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Old Jul 30th 2007, 3:28 am
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Default Re: Do you continue National Insurance contributions?

Originally Posted by Bergamot View Post
Muchos gracias everyone... I have a feeling I'll get screwed in both the US and the UK if I'm lucky enough to totter into old age. 44 years paying in? Erm, I've switched continents a couple too many times already and just haven't paid good and proper attention to knowing this sort of stuff. It all feels so daunting. So perhaps I'll change my question a bit....

Anyone know a kickass ACCOUNTANT that specializes in UK+US tax matters? (Real estate, income tax, etc) that will waltz me through all decisions with grace, ease, and flair?
First off get a pension forecast from the UK ..they will also offer a rate in which you can add years ..
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Old Jul 30th 2007, 9:52 am
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Default Re: Do you continue National Insurance contributions?

Originally Posted by Ray View Post
Are you sure Pat ..
you currently need 44 years of contribution
but there are talk of reducing this to 30 years but not happened yet

you can get a pension forecast easily enough
just did it ...
it's not just her Ray .......... The English guy I work with who left the Uk when he was about 30ish, got notification through the mail of how much to expect on his retirement ......He was quite suprised
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Old Jul 30th 2007, 1:12 pm
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Default Re: Do you continue National Insurance contributions?

Originally Posted by Patrick Hasler View Post
it's not just her Ray .......... The English guy I work with who left the Uk when he was about 30ish, got notification through the mail of how much to expect on his retirement ......He was quite suprised
So did I ..bit there was lots of ifs and buts...
I got a forecast earlier this year and I am ten years short
they gave me an amount I can pay covering each missing year to bring it to the 44 years... but then they say in the forecast ...you may not have to pay this as HMG is considering changing the years to 30 years ..but they have been considering this for a long time now ... and the decision was mine ...

Get a forecast to be sure ....
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Old Jul 30th 2007, 1:36 pm
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Default Re: Do you continue National Insurance contributions?

The new Pensions Legislation was passed on 26th July - it reduces the required number of years to 30 if you're retiring after 2010.

http://www.thepensionservice.gov.uk/...eform/home.asp
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Old Jul 30th 2007, 1:53 pm
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Default Re: Do you continue National Insurance contributions?

Originally Posted by julii2020 View Post
The new Pensions Legislation was passed on 26th July - it reduces the required number of years to 30 if you're retiring after 2010.

http://www.thepensionservice.gov.uk/...eform/home.asp
Thank you ... I have been waiting for that ....
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