Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

voluntary NI contribution and self-employment

pochisoldi
Lemon Slice
Posts: 939
Joined: November 4th, 2016, 11:33 am
Has thanked: 31 times
Been thanked: 460 times

Re: voluntary NI contribution and self-employment

#409463

Postby pochisoldi » May 5th, 2021, 8:15 am

FrankSeymour wrote:I do not know the current rules but for my daughter, long ago, during the period from when she was 16, until full time work after uni she was registered as self employed.
her income was always low less than? i believe the +/- £4k threshold.
she then elected to pay voluntary class 2 contributions, of at that time around £2 per week. She was told that there was no need, but she could if she wanted.
So it used to be allowed, what the current rules are I am unsure, but it may be ok.


Until some point a few years back, 16-19 year olds in full time non-advanced education (i.e. at or below A level/HNC) got credited with full years of NI. I got 3 years via this route covering my last month's at secondary school and 2 years of A-levels. Nothing was given for the tax year I turned 16 (in the same way that NI paid for the tax year in which you reach state retirement earns no extra pension).


Return to “Pensions - Practical Problems”

Who is online

Users browsing this forum: No registered users and 7 guests