New Posts For Thread: National Insurance Contributionshttps://community.betfair.com/general_betting/go/thread/view/94082/26141997/national-insurance-contributionsAny one have a view if these are worth bothering with if youre full time on here at present?Got a letter from them saying I have 21 years of contributions and need 30 to receive a full pension. They want £400 to cover 2008/9 but its up to me if I paI had 3 years to go when I first received the letter asking me to top up my NI contributions. For each of the last 3 years I have paid it, and now I am OK. I think that if you can afford it, you should pay it. Otherwise, you could end up in poverty,https://community.betfair.com/general_betting/go/thread/view/94082/26141997/national-insurance-contributions?post_id=471970301#471970301I had 3 years to go when I first received the letter asking me to top up my NI contributions. For each of the last 3 years I have paid it, and now I am OK. I think that if you can afford it, you should pay it. Otherwise, you could end up in poverty,Thu, 28 Oct 2010 07:39:07 -0500Why would you register as self employed? Surely this is opening yourself up for an awkward and unnecessary visit from the Taxman?https://community.betfair.com/general_betting/go/thread/view/94082/26141997/national-insurance-contributions?post_id=471961165#471961165Why would you register as self employed? Surely this is opening yourself up for an awkward and unnecessary visit from the Taxman?Thu, 28 Oct 2010 05:43:39 -0500No fafh, just have always been self employed since I left school, so had to learn basic stuff for doing the tax return.https://community.betfair.com/general_betting/go/thread/view/94082/26141997/national-insurance-contributions?post_id=471908065#471908065No fafh, just have always been self employed since I left school, so had to learn basic stuff for doing the tax return.Wed, 27 Oct 2010 16:57:19 -0500You sound as if you're, or used to be at least, a tax accountant Trevh ?https://community.betfair.com/general_betting/go/thread/view/94082/26141997/national-insurance-contributions?post_id=471907037#471907037You sound as if you're, or used to be at least, a tax accountant Trevh ?Wed, 27 Oct 2010 16:50:18 -0500Let's not forget class 1 and class 4 contributions though, which we pay all our working lives at around 10% added on to our income tax, which makes the basic rate of tax around 30%, not 20%.https://community.betfair.com/general_betting/go/thread/view/94082/26141997/national-insurance-contributions?post_id=471906501#471906501Let's not forget class 1 and class 4 contributions though, which we pay all our working lives at around 10% added on to our income tax, which makes the basic rate of tax around 30%, not 20%.Wed, 27 Oct 2010 16:47:05 -0500So long as you live for more than 4 years - it's a good deal.https://community.betfair.com/general_betting/go/thread/view/94082/26141997/national-insurance-contributions?post_id=471891981#471891981So long as you live for more than 4 years - it's a good deal.Wed, 27 Oct 2010 15:07:39 -0500Each missing year costs £626.60And buys you a pension of £3.25 a weekhttps://community.betfair.com/general_betting/go/thread/view/94082/26141997/national-insurance-contributions?post_id=471882545#471882545Each missing year costs £626.60And buys you a pension of £3.25 a weekWed, 27 Oct 2010 13:54:53 -0500I've ceased the optional payment tbh and just receive the once a year letter now reminding me , same with the taxman really in that I told him 3 years ago I had no intention of working for anyone and that I would be living off what I already have buthttps://community.betfair.com/general_betting/go/thread/view/94082/26141997/national-insurance-contributions?post_id=471849557#471849557I've ceased the optional payment tbh and just receive the once a year letter now reminding me , same with the taxman really in that I told him 3 years ago I had no intention of working for anyone and that I would be living off what I already have butWed, 27 Oct 2010 09:20:30 -0500What a huge mistake it was for the government to announce its review of NI contributions. What idiots will voluntarily pay now?https://community.betfair.com/general_betting/go/thread/view/94082/26141997/national-insurance-contributions?post_id=471849145#471849145What a huge mistake it was for the government to announce its review of NI contributions. What idiots will voluntarily pay now?Wed, 27 Oct 2010 09:15:30 -0500I think you can back-pay up to 5 years ago, so you don't need to decide whether or not to pay yet.https://community.betfair.com/general_betting/go/thread/view/94082/26141997/national-insurance-contributions?post_id=471848985#471848985I think you can back-pay up to 5 years ago, so you don't need to decide whether or not to pay yet.Wed, 27 Oct 2010 09:13:38 -0500