KIPAX
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- KIPAX Lancashire UK
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I have a few years left but I wanted to read up on something (unrelated to this) and came accross the new rules.. to get a state pension you need to have at least 10 yrs NI contribution to get anything and 35 years to get the maximum..
I ahve a chequered work history leaving school at age 14.... Currently at nearly 10yrs paying my own contrubutions.. A driving job for 10 yrs and DynoRod for 8 yrs... The other 20 yrs I had 23 other job with the shortest lasting half a day
(in the 70s the employment place would send you out to half a dozen interviews and you decided which job you wanted to take at the end of the day..it was that easy.. you could fnish a job on friday and find a new one monday..)
Anyway ..35 yrs contributions needed.. Did I have that many given that you could pay for 46 weeks of a year and that counted as a NON YEAR
Being self employed I ahve my login for hmrc where i can do self assesment and stuff... it turns out theres a link to personal info and on this page it tells me when i can claim pension and how much i will get.. i can also look at my lifelong contributions and it turns out I have 41 yrs full NI contributions and so have enough for full state pension ...wahay!! (that wont be my only income.. have my life sorted )
then it says the following
Hmmm may need to pay... doesnt say one way or the other.. I ahve plenty enough for the pension.. I don't know if I can stop paying..seems an odd way to word it..
Anyways..... worth checking and the good news is you can do it easy enugh online
I ahve a chequered work history leaving school at age 14.... Currently at nearly 10yrs paying my own contrubutions.. A driving job for 10 yrs and DynoRod for 8 yrs... The other 20 yrs I had 23 other job with the shortest lasting half a day
(in the 70s the employment place would send you out to half a dozen interviews and you decided which job you wanted to take at the end of the day..it was that easy.. you could fnish a job on friday and find a new one monday..)
Anyway ..35 yrs contributions needed.. Did I have that many given that you could pay for 46 weeks of a year and that counted as a NON YEAR
Being self employed I ahve my login for hmrc where i can do self assesment and stuff... it turns out theres a link to personal info and on this page it tells me when i can claim pension and how much i will get.. i can also look at my lifelong contributions and it turns out I have 41 yrs full NI contributions and so have enough for full state pension ...wahay!! (that wont be my only income.. have my life sorted )
then it says the following
You cannot improve your forecast any more.
If you’re working you may still need to pay National Insurance contributions until 1 August 2022 as they fund other state benefits and the NHS.
Hmmm may need to pay... doesnt say one way or the other.. I ahve plenty enough for the pension.. I don't know if I can stop paying..seems an odd way to word it..
Anyways..... worth checking and the good news is you can do it easy enugh online