Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #21  
Old 02.05.2018, 12:59
Fish Paste's Avatar
Forum Veteran
 
Join Date: Jun 2013
Location: North
Posts: 1,007
Groaned at 38 Times in 23 Posts
Thanked 1,237 Times in 571 Posts
Fish Paste has a reputation beyond reputeFish Paste has a reputation beyond reputeFish Paste has a reputation beyond reputeFish Paste has a reputation beyond repute
Re: scrapping of UK National Insurance class 2 contributions-delayed until 2019

Quote:
View Post
Sorry if Iím misunderstanding but isnít 6 years in the past the maximum length of time contributions can be made retrospectively to make up for missing years?

https://www.gov.uk/voluntary-nationa...-contributions
The HRMC website has old documents as well as the new rules.
As Annie said, you have until 2023 to pay between 2006 and 2016, and a rolling 6 years after then, according to the rules today.

As no-one can be sure they'll actually work until they are 67 (mid fifties is the new mid sixties in many companies), it makes sense to me to get to the 35 years as soon as practical.
Reply With Quote
  #22  
Old 02.05.2018, 16:04
Member
 
Join Date: Nov 2013
Location: zurich
Posts: 241
Groaned at 3 Times in 3 Posts
Thanked 158 Times in 85 Posts
peaky has earned some respectpeaky has earned some respect
Re: scrapping of UK National Insurance class 2 contributions-delayed until 2019

Quote:
View Post
Is there not a risk (especially for those a couple of decades away from retirement age) that the rules will change and no payment will be made for non-residents?
Of course theres a risk that could happen, but we are talking of 200 CHF a year or 145 quid. Thats a lotto ticket each week!

What high risk product out there quotes 200 CHF a year for 35 years for a return of upward of 100K CHF?

The rules changing is highly likely, contribution period may extend, age at which you can claim and condition of which you can claim, but for such little money...I am not worried that my 3.5 franc euromillions ticket each Friday could be better invested else where!
Reply With Quote
  #23  
Old 02.05.2019, 19:14
DUTCH's Avatar
Senior Member
 
Join Date: Oct 2006
Location: Wollerau
Posts: 300
Groaned at 5 Times in 5 Posts
Thanked 423 Times in 178 Posts
DUTCH has a reputation beyond reputeDUTCH has a reputation beyond reputeDUTCH has a reputation beyond reputeDUTCH has a reputation beyond repute
Re: scrapping of UK National Insurance class 2 contributions-delayed until 2019

Any more insights into this change? It was supposed to be done by April 2019.

Or is it still Brexit that gets all the CPU cycles?
Reply With Quote
  #24  
Old 02.05.2019, 19:16
Forum Legend
 
Join Date: Mar 2009
Location: Zurich
Posts: 11,460
Groaned at 633 Times in 467 Posts
Thanked 15,326 Times in 6,004 Posts
Chuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond repute
Re: scrapping of UK National Insurance class 2 contributions-delayed until 2019

I got a letter the other week asking to pay my outstanding Class 2 contributions to date.
Reply With Quote
This user would like to thank Chuff for this useful post:
  #25  
Old 03.05.2019, 07:54
baboon's Avatar
Forum Legend
 
Join Date: Apr 2007
Location: Rheintal
Posts: 3,795
Groaned at 124 Times in 110 Posts
Thanked 5,010 Times in 2,439 Posts
baboon has a reputation beyond reputebaboon has a reputation beyond reputebaboon has a reputation beyond reputebaboon has a reputation beyond reputebaboon has a reputation beyond reputebaboon has a reputation beyond repute
Re: scrapping of UK National Insurance class 2 contributions-delayed until 2019

Officially delayed until at least after the current electoral cycle.
Reply With Quote
This user would like to thank baboon for this useful post:
  #26  
Old 03.05.2019, 15:10
Fish Paste's Avatar
Forum Veteran
 
Join Date: Jun 2013
Location: North
Posts: 1,007
Groaned at 38 Times in 23 Posts
Thanked 1,237 Times in 571 Posts
Fish Paste has a reputation beyond reputeFish Paste has a reputation beyond reputeFish Paste has a reputation beyond reputeFish Paste has a reputation beyond repute
Re: scrapping of UK National Insurance class 2 contributions-delayed until 2019

Did you contact them first?

From what I can see, nothing has changed, the date of 2023 to backpay from 2006/7 onwards stands and they won't change this.

https://www.pensionsadvisoryservice....-contributions

Time limits for paying voluntary NICs

HM Revenue & Customs (HMRC) has made changes to extend the time limits for paying voluntary NICs for the 2006/07 to 2015/16 tax years inclusive, to ensure contributors who reach State Pension age under the new State Pension system are not disadvantaged. Those affected will have more time to pay voluntary class 2 or class 3 contributions for the years from 2006/07 to 2015/16. The extended time limits apply if:

person reaches State Pension age on or after 6 April 2016; and
person makes payment by 5 April 2023.

The amount to be paid is as follows:

if paid by 5 April 2019, the amount payable is the rate that applied in the 2012/13 tax year for the tax years 2006/07 to 2009/10 for Class 3 and 2006/07 to 2010/11 for Class 2.
for the remaining years, up to and including 2015/16, higher rate provisions will not apply until 6 April 2019.
if payment is made after 5 April 2019, youíll be charged an increased amount per week for gaps between April 2006 and April 2017.

You can find further details here: www.hmrc.gov.uk/ni/volcontr/whentop-up.htm


and from the hmrc website:
Youíre a man born after 5 April 1951 or a woman born after 5 April 1953

You have until 5 April 2023 to pay voluntary contributions to make up for gaps between April 2006 and April 2016.

You can pay these contributions at different rates if you pay by 5 April 2019.


and the rates are


If youíre a man born after 5 April 1951 or a woman born after 5 April 1953

Youíll pay different rates if you pay voluntary contributions by 5 April 2020 to make up for gaps between April 2006 and April 2016.
Your contribution What it covers Rate you pay until 5 April 2020
Class 2 Gaps between 6 April 2006 and 5 April 2011 £3 a week





DYOR
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
UK voluntary National Insurance contributions and state pension chinagirl Finance/banking/taxation 75 25.04.2018 10:43
UK National Insurance Contributions Guy Lauterbrunnen Insurance 12 21.08.2009 19:18
National Insurance Contributions Price Increase (UK) jonnyt Permits/visas/government 27 27.06.2009 13:33


All times are GMT +2. The time now is 15:21.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0