X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Tax

    Final Year of NI Contributions

    I know this is not specifically a property related question, but I am a full-time landlord with a limited company and my salary comes from property letting.

    I realise that I need 35 years of NI contributions to receive the full state pension.  My question is will the last half year of employment when I reach state pension age of 66 be counted as one of those years?

    My State Pension date is 6-Nov

    My salary is above or equal to the secondary threshold but below the income tax personal allowance.

    I will continue to work after 6-Nov, at the salary mention and I understand that from that date I will no longer have to pay NI employee contributions.

    0
    0

    intersting question bullet point 7 at 12.2 here may help https://goo.gl/images/j7t8C4

    deb

    0
    0

    Debbie Franklin

    Director of Tax Peplows Limited

    CTA ACA FCCA

    Thank for responding Debbie, I thought if anybody knew it would be you, however the link took me to some University Bob hairstyles, same as Landlady1919 stated.

    Pls. could you repost the link.

    Thanks in advance,

    Fred

    0
    0

    odd it won't seem to copy the link but am using my phone and clearly not good at it!

    google age UK state pension and it is a odd document dated April 18

    0
    0

    Debbie Franklin

    Director of Tax Peplows Limited

    CTA ACA FCCA

    Sorry I cannot find it, any other details you can supply on what you saw, as I have also been searching for this answer and cannot find an answer.

    0
    0

    I can’t answer your question fully but I understand you will not pay NI but your company will still pay 

    0
    0

    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    I believe it will count if you earn enough to take you over the threshold in the half year., but https://forums.moneysavingexpert.com/for...y.php?f=19 might be a better place to ask.

    0
    0

    AGE UK has excellent resource which I think was Debbie original link. Does not allow pdf linking on PT.

     Hence redirect

    google - ‘Factsheet 19 State pension

    https://www.ageuk.org.uk/globalassets/age...on_fcs.pdf

    0
    0

    Coming soon Investorsk8.com

    Wisdom - an integration of knowledge, experience, and deep understanding that incorporates tolerance for the uncertainties of life as well as its ups and downs. 

    Thanks for all the replies, it looks as if the last half year will not count as a contributing year, but I am still trying to digest all the information.

    I spoke to the NI help desk yesterday, who said that that year would not count as it wasn't a complete year, but it sounded like a "stock answer" from the help desk, and I have little confidence in their help-desk personnel.

    0
    0