How long do you need to pay Class II NI contributions for?
#16
Just Joined
Joined: Aug 2019
Posts: 12
Re: How long do you need to pay Class II NI contributions for?
Just an update and thanks for your help.
Ten days ago I paid a single payment for a 52 week year with the designation NICO as I couldn't get HSBC online to work with the designation NI Receipts but then I called online banking and they added the account designation NI receipts to the payee and it worked as a single payment for a 53 week year with the designation NI RECEIPTS. I happened to be in England last week so I called HMRC and they said just send the whole lot as a single payment vs single years so I sent the balancing 14 years. I appreciate the subtlety that I may overpay as I will have 31 full years to 2015/2016 and then 5 years 2016/17 thru 2021/22.
I went online today and the first 52 week payment had been credited already to 2021-2022 increasing the online pension estimate and designating 22 full years vs 21. I hope the other payments clear so smoothly.
Thanks for your help and wisdom
Ten days ago I paid a single payment for a 52 week year with the designation NICO as I couldn't get HSBC online to work with the designation NI Receipts but then I called online banking and they added the account designation NI receipts to the payee and it worked as a single payment for a 53 week year with the designation NI RECEIPTS. I happened to be in England last week so I called HMRC and they said just send the whole lot as a single payment vs single years so I sent the balancing 14 years. I appreciate the subtlety that I may overpay as I will have 31 full years to 2015/2016 and then 5 years 2016/17 thru 2021/22.
I went online today and the first 52 week payment had been credited already to 2021-2022 increasing the online pension estimate and designating 22 full years vs 21. I hope the other payments clear so smoothly.
Thanks for your help and wisdom
#17
Lost in BE Cyberspace
Joined: Jan 2006
Location: San Francisco
Posts: 12,865
Re: How long do you need to pay Class II NI contributions for?