National Insurance...

Just had a letter from the IR, says I've underpaid NI for the tax year

Marcus

Or if you're likely (or expecting) to have 42 (or is it 43?) years of continuous NI payments until you retire, then I wouldn't worry about it.

Rgds

__ Richard Buttrey Grappenhall, Cheshire, UK __________________________

Bitstring , from the wonderful person Richard Buttrey said

Indeed ... 44 is the answer last time I looked. However you can have a 'gimme' for the last 5 years if you are male, over 60, and not working, so you only need pay 39 (before age 60).

Cela m' semble "A bit rough".

I am 57 now, but was at Uni 'till I was 22. I have been employed constantly ever since so currently have 35 years contributions under my belt. So it appears I need to work another 9 years, but for the "Gimme Rule".

Do I take it then I have to work at least until I'm 60 when I'll have

It appears that a weary man in his '60s gains little or nothing by continuing to work and pay NI contributions between 60 and 65 or have I got it wrong.

DG

Bitstring , from the wonderful person derek * said

Well, you presumably get a salary. And continue to gain a company pension.

But as far as state pension goes, yep, you might as well quit at 60. For exact details of your particular case, get a forecast form (BR19 maybe? There is a PDF file of it online somewhere) and send it off to the folks in Newcastle, who will be delighted to tell you what you are going to get and whether you can do anything to improve it.

Whether you are really missing 1 year is not entirely clear - you may have been credited for your time in full time education, and I can never keep straight where your 60th birthday has to be in relation to the tax year(s) .. best to ask for a forecast.

Don't you get contributions 'credits' for your university years?

I thought not, Students used to (still do?) get a letter from the DWP inviting them to make up the shortfall during their first year at work. IIRC the shortfall had to be made up within 4 years.

I thought at the time that the state old age pension was not affected only secondary benefits such as widows pensions. Being broke, 22, and single nobody took the prospect of leaving widows behind very seriously.

However it's possible I got credits whilst in the 5th and 6th form which would do the trick. It was normal to leave school and start work at 15 in those days

DG

Back when you stuck stamps on a piece of card you didn't.