NI & state pension

I know that men have to have 44 years contributions in order to receive a full state pension. However I don`t work a full year and therefore don`t pay NI contributions for 52 weeks pa. How many weeks contributions do you have to contribute to count for it to count as a years contributions? Or does it have to be 52 weeks in order to count as a full years NI contribution?

Reply to
a_mcbride
Loading thread data ...

contributions for 52

it to count

full years

But you can "buy" voluntary contributions for the weeks you don't work. I forget the correct name for them but I am sure that one of the government web sites will have the details. Many students do it so that there is no gap in their contribution record.

Reply to
robert

In message of Tue, 17 Aug 2004, a_mcbride writes

If you are an employee it's not the number of weeks (the IR & CA don't know how many weeks you were employed), it's the amount of contributions you have paid, which needs to be a minimum equivalent to 52 weeks at the minimum rate. I.E. if you just earned £4110 this year and a P14 was submitted by your employer then you would have an NI record for pension purposes without having paid any NI.

DF

Reply to
David Floyd

So what is the minimum that I have to earn a year in order to qualify to count towards the NI annual quota?

Reply to
a_mcbride

If you're an employee then the LEL, which is £79 pw for 2004/05 or £343 pm or £4108 pa. But you have to be in the PAYE system and your employer has to send in P14 with the PAYE Annual Return P35 otherwise the IR won't know that you're between the LEL and the Earnings Threshold (Primary threshold). However, if, in any week your weekly earnings rose above £91, or your monthly earnings rose above £395 then you will have paid NI contributions and a P14 will be submitted.

DF

Reply to
David Floyd

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.