News1 min ago
National Insurance Threshold & State Pension
2 Answers
Hi, I hope someone can advise please.
With the new threshold for paying National Insurance rising to £12,750 what happens to your entitlement for a full state pension if you are earning less than that?
A family member is earning around £11,700 and has been paying around £15 NI per month in the new tax year since April.
I am not sure whether they will need to earn more than £12,750 to be entitled to a full state pension or whether their current earnings will be sufficient.
Any help gratefully received. Thanks.
With the new threshold for paying National Insurance rising to £12,750 what happens to your entitlement for a full state pension if you are earning less than that?
A family member is earning around £11,700 and has been paying around £15 NI per month in the new tax year since April.
I am not sure whether they will need to earn more than £12,750 to be entitled to a full state pension or whether their current earnings will be sufficient.
Any help gratefully received. Thanks.
Answers
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I was thinking about this the other day, as my missus only works part time (about 20 hours per week) and with the new threshold, it's unlikely she'll pay NI.
From what I understand in the following link, if you earn between £123 and £242 per week, you don't pay NI, but you get the benefits of paying:
https:/
I'm not 100% certain though, but that's how I interpret it .... would anyone else like to chip in??
From what I understand in the following link, if you earn between £123 and £242 per week, you don't pay NI, but you get the benefits of paying:
https:/
I'm not 100% certain though, but that's how I interpret it .... would anyone else like to chip in??
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