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Topic: UK self-employed NI contributions  (Read 426 times)

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UK self-employed NI contributions
« on: April 11, 2007, 08:49:51 AM »
question for self-employed UK boyfriend. 

he recieved his 2006-2007 tax form... and included was some NI paperwork.  it says that the min contribution he can make is £2.80.  The voluntary contribution is £8.20.  (weekly).

what's the difference?  he's been paying only the minimum contribution for 2 years.  will this effect his pension later in life?
If you harbour bitterness, happiness will dock elsewhere.


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Re: UK self-employed NI contributions
« Reply #1 on: April 11, 2007, 02:06:45 PM »
Yes, it will.  If he makes contributions which are lower than the £8.20 then when he comes to retire he will find that he does not receive the maximum state pension.  However, if he does not want to pay the £8.20 per week at the moment, he can pay the minimum and then make up any shortfall at a later stage.

Vicky


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Re: UK self-employed NI contributions
« Reply #2 on: April 11, 2007, 02:16:57 PM »
how can we find out his shortfall thus far?
If you harbour bitterness, happiness will dock elsewhere.


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Re: UK self-employed NI contributions
« Reply #3 on: April 11, 2007, 02:42:25 PM »
He can call or write to the tax office - the number will be on the form.

Vicky


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