Chit Chat
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if you earn less than £ 118 per week then you dont pay nat ins and dont get credits for pension, between 118 and 166, you dont pay but i think employer pays but you get credits, over £166. you pay your own nat ins , but anyone know if you have 2 jobs, that pay eg £70 and the other £70, in total earning £140 , do you still get credits , ?
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NO
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cheers lucky,another ?, if you re not working and not receiving jobseekers/esa because of partners income, and you dont qualify for universal credits, how do you now get your pension credits, it used to be signing on jobseekers even though they didnt pay you got the credits,
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Think you got to contact your local job centre to obtain
Class 1 credits |
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thx ,
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even though you don't get job seekers allowance you still have to jump through same looking for work hoops to get your stamp paid, and its all wriiten down evidence of job finding etc,no online account to show your looking
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jobseekers allowance isnt available my area any more, so you have to go on universal credit, there is the new rule js allowance but thats now only if youve paid contributions for last 2 years .
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 , new style sorry, not new rule |
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I,m basically retired do a few 12 hr shifts a month and maybe 6 weeks shutdown work on top a year and don't bother signing on in between,according to you guv website ive got 42 yrs NI contribution a mixture of in and out of serps,but they say ive enough in to get the current £168 top rate,but theres plenty of horror stories about the site giving wrong information and you wont no for certain,till you get the letter 6 to 12 months before your retirement date,fingers crossed its right
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feck do what i did,, refuse all work,,, only work when money in hand,,,[ done it for 40 years,, but keep signing on ,, either the dole or sickness bebefit,,,stamps all still paid,,, yabba dabba do,,,when im asked what i do for a living,, i tell anyone ,,, im an artist[ i draw the dole,,,
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even if youre short of the 35 years, im not sure if id pay voluntary contributions, doesnt pension credit top it up anyway
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depends on savings you have as well
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not if you've access to private pension,other monies
that moron ex pension minister steve webb doing a case study in todays mail about a bloke trying to get pension credit on toip of his 136 quid state pension whilst he,s got a pension pot of 110 grand he doesn't want to access till he,s 70 answer been they,ll decide he could get say 5 grand a year in an annuity or drawdown and even if he doesn't take it till he,s 70 they,ll work on the basis he could have it and it takes way beyond limit of pension credits even if he blows the lot,gives it to kids etc they,ll decide he,s frittered it away and still refuse credits |
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ive got about 27 years in, with near 5 years more for pension, so i reckon id get about £140 a week state pen even if i dont add more years as things stand now
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I just had a look at mine through the gateway site & am a bit puzzled.iv got a few contribution gaps because of working abroad but the projected amount is well above the £168 top rate that 1st time poster mentions,is that possible?
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I just had a look at mine through the gateway site & am a bit puzzled.iv got a few contribution gaps because of working abroad but the projected amount is well above the £168 top rate that 1st time poster mentions,is that possible?
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Yes
You be getting extras |
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^^He will have serps/SSP payments due which take him above the new level, these won't be subject to triple lock though, so if that continues the difference will erode over time.
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yes barrowboy means you probably never signed over to a private provider, serps in/out ,and will be calculates as state pensions 1 and 2,in hindsight seems it would be better if we,d all left our money in government side,another miss selling scam by private providers
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^utter p1sh
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the average of my peers in my game,just over average pay in lifetime,who didn't sign out of ss2 are getting roughly 230 squid,which means your private pot needs to give you roughly 5 grand a year, that's a pot of about 120,000,there wont be many pots anyewhere near that,
I,m led to believe that the ssp2 part of astate pension doiesnt come under the triple lock,but maybe wrong,plus you have the safety,peace of mind of been backed by state as compared to charges,fees,decisions,in private pots |
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Things have changed since first Gordon Brown and then David Cameron re-arranged pension entitlement. I am not sure if the changes affect everyone or just those who started work after the changes. In my case, I get the minimum state pension plus what is called earnings related which add up to £225 per week. I retired at 56 but paid a self employed NI contribution of a nominal amount for the 9 years until I reached 65. It is very well worth doing that if you can. If you earn very little or even nothing you could make this payment when I was doing it but that is now 10 years ago. Call the Pension people and ask. Two or more incomes were not aggregated when calculating NI contributions when I was an employer but again things might change.
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Only 1% of those complaining about serps optouts have their cases upheld by the ombudsman.
In addition to this there are millions who stayed in serps/ssp, who will have paid higher NI and will get very little more than the new pension. If they are compared to those who contracted out, they are far worse off, because the second group paid less NI and will get a private pension on top of the new level. |
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Just checked. To get the earnings related you need to be born before 1951 so if you are still working you probably don't qualify.
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sageform, why did you pay the 9 years from the age 56 , youd only need 30 years anyway if born before 1951, did you miss out on quite a few years earlier of credits
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very unfair that someone could work 3 part time jobs earning 100£ in each, and not get credits for state pension, while you could be on the dole for 35 years and get the full credits
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dog walking £20 now and then, register as self employed and pay class 2 nics @ £156 for the year. That get's you about £250 pa extra pension.
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i am self employed and work part time approx 12 hours a week , when i sent my self assesment in i was told i didnt have to pay nics but could if i wanted to ? will it benefit me paying them or not ?
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Foyles, get your state pension forecast within HMRC online to see if you have made enough contributions to claim your full state pension when you retire. If you have already paid enough contributions there is no point voluntarily paying class 2 nics.
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how do i do that deplasterer ? and thanks for the advice .
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sorry for my ignorance deplas ,do i just go onto thier website and find the forcast ?
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Let me check, and I'll post how you get it Foyles. Gimme 10 mins or so.
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Right Foyles, I assume you hava an accountant that does your SA Returns? So I assume that you are not signed up to government gateway, if you are signed up already ignore the following: Go to HMRC online and follow the procedures for signing up to government gateway, very user friendly, so nothing strenuous involved. When you have been fully signed up you can access your Personal tax details.
When signed in to your account do the following: On home page ( Business tax summary), scroll down to: View your personal tax summary (click linkl Scroll down to Pensions, click on: View your Pension forecast. Here you will find all you need, ie. What your current state pension will pay out on retirement, and if relevant how many tax years are outstanding to claim your full entitlement, this will of course depend on your current age etc.. If you are owing years, come back to me or pm if you want to keep private. Any problems come back. Hope this helps. |
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thanks deplast ,i dont use an accountant i do the self assesment myself as i dont earn enough to pay tax after expenses ,i will follow your instructions thanks again .
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I have wanted for some time to make voluntary contributions to top up ,but the number they give you to call ,they put you permanently on hold for hours,so have sent emails twice ,but they dont even reply ,anyone know why this is ,or can suggest what i should do ?
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Snowy, Twitter is good but unfortunately they don't do individual queries just general tax advice. Ask them how you go about paying class 2 nics voluntarily, at the very least they will give you address to write to, I think its in Newcastle upon Tyne off the top of my head.
Don't go near phone waste of space. Twitter: @HMRCcustomers. I think I'll start a Chit Chat Tax advise service |
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cheers,thanks for info ,will give it a try .
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listen a bit of advice for you pal,, get a job wages in hand,, sign on at the same time ,,but tell no one,, credits all payed,, no tax to pay,, i did it all my life,, and everything is free,, they even give you a bus pass free in scotland[ to get to interviews] i use it to get to work,, money in hand work,,,
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