Our financial circumstances mean that we can afford for my wife to shortly reduce her working hours to approximately 90 every four weeks (3 days x 7.5hrs per day).
At £6.50 an hour, indicates she'll pay zero in
tax and £1.56 in NI.
Good times for her but what are the implications for a future State
She's paid in for 28 years (she's 46) but still obviously has 14 (or
is it 19?) years to retirement........I can't imagine HMG allowing her
to draw a full pension when she's only effectively contributed for
that time (even though she's working).
What's the position? All advice appreciated.
- posted 7 years ago