Donate SIGN UP

National Insurance Threshold & State Pension

Avatar Image
rogerab | 13:02 Sat 09th Jul 2022 | Personal Finance
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.
Gravatar

Answers

1 to 2 of 2rss feed

Best Answer

No best answer has yet been selected by rogerab. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
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://www.gov.uk/government/publications/rates-and-allowances-national-insurance-contributions/rates-and-allowances-national-insurance-contributions

I'm not 100% certain though, but that's how I interpret it .... would anyone else like to chip in??
You can write to them (DWP) and ask for a state pension forecast.

1 to 2 of 2rss feed

Do you know the answer?

National Insurance Threshold & State Pension

Answer Question >>