Register | Edit Profile | Subscriptions | Forum Rules | Log In | RSS Feed
cryrst The garden of England 06 Jul 19 4.56pm | |
---|---|
Originally posted by chris123
Getting a statement is an easy process. Gov .UK then ni number I think
|
|
Alert a moderator to this post |
chris123 hove actually 06 Jul 19 5.26pm | |
---|---|
Originally posted by cryrst
Gov .UK then ni number I think
|
|
Alert a moderator to this post |
Badger11 Beckenham 06 Jul 19 6.15pm | |
---|---|
Originally posted by cryrst
Good point Chris. Correct I have retired 58 but not reached my pension age of 67. I only have 33 years I looked at buying 2 years contributions and for now I have decided against it. There is always the possibility that I will earn them in the next few years so why buy. If not I can buy them nearer retirement age. I can't remember how I did it but I calculated that I would need to get a state pension for 10 years before I got my money back on the missing years. So when I am 77 it would be free gravy from there. Well I am in good health now but that is 18 years time and may not be. So for me and I stress me I would prefer to keep the money and defer that decision until I have to. Edited by Badger11 (06 Jul 2019 6.16pm)
One more point |
|
Alert a moderator to this post |
YT Oxford 06 Jul 19 6.55pm | |
---|---|
Originally posted by Badger11
Correct I have retired 58 but not reached my pension age of 67. I only have 33 years I looked at buying 2 years contributions and for now I have decided against it. There is always the possibility that I will earn them in the next few years so why buy. If not I can buy them nearer retirement age. I can't remember how I did it but I calculated that I would need to get a state pension for 10 years before I got my money back on the missing years. So when I am 77 it would be free gravy from there. Well I am in good health now but that is 18 years time and may not be. So for me and I stress me I would prefer to keep the money and defer that decision until I have to. Edited by Badger11 (06 Jul 2019 6.16pm) Any chance you could get a little part-time job for a couple of years, Badger? To earn a year's NI credit, you only need to earn a minimum of (2019-20 figures):- £118pw/£512pm/£6,136pa as an employee Or £123pw/£532pm/£6,365pa as self-employed This would be a very 'cheap' way to fill in the shortfall. And you might make some new friends!
Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes) |
|
Alert a moderator to this post |
chris123 hove actually 06 Jul 19 7.15pm | |
---|---|
Originally posted by YT
Any chance you could get a little part-time job for a couple of years, Badger? To earn a year's NI credit, you only need to earn a minimum of (2019-20 figures):- £118pw/£512pm/£6,136pa as an employee Or £123pw/£532pm/£6,365pa as self-employed This would be a very 'cheap' way to fill in the shortfall. And you might make some new friends! If you do this after your 65th, you don't pay NI on earned income.
|
|
Alert a moderator to this post |
cryrst The garden of England 06 Jul 19 7.45pm | |
---|---|
Originally posted by Badger11
Correct I have retired 58 but not reached my pension age of 67. I only have 33 years I looked at buying 2 years contributions and for now I have decided against it. There is always the possibility that I will earn them in the next few years so why buy. If not I can buy them nearer retirement age. I can't remember how I did it but I calculated that I would need to get a state pension for 10 years before I got my money back on the missing years. So when I am 77 it would be free gravy from there. Well I am in good health now but that is 18 years time and may not be. So for me and I stress me I would prefer to keep the money and defer that decision until I have to. Edited by Badger11 (06 Jul 2019 6.16pm) Wait until pension age as you will be told which years you missed.
|
|
Alert a moderator to this post |
Badger11 Beckenham 06 Jul 19 8.00pm | |
---|---|
Originally posted by cryrst
Wait until pension age as you will be told which years you missed. That was my feeling. I think for every years NI you get £2-4 per week and for 2 years I think it was about £1600 cost. I would not even get this for another 9 years so I prefer to hang onto the money and then make the decision just before I collect my pension.
One more point |
|
Alert a moderator to this post |
All images and text on this site are copyright © 1999-2023 The Holmesdale Online, unless otherwise stated.
Web Design by Guntrisoft Ltd.