 | | | 
11.08.2021, 18:07
| Senior Member | | Join Date: Apr 2015 Location: Port-Valais (was SFO)
Posts: 448
Groaned at 5 Times in 3 Posts
Thanked 327 Times in 182 Posts
| | Re: Buy back missed year on UK National Insurance, Class 2 or Class 3? | Quote: | |  | | | Currently tested also on savings e.g. if you have less than £23,250.
Quote:
What happens during a financial assessment
A Financial Assessment Officer from the council will visit you at home to ask about things like your:
earnings
pensions
benefits (including Attendance Allowance or PIP)
savings
property (including overseas property)
They won't need to know about the value of your possessions or any life insurance policies.
It won't work to spend your money or give your property away before the financial assessment. The assessment can ask you about things you used to own.
If the council thinks you have reduced your wealth on purpose, it might stop you getting any type of financial help. | | | | | I had a call from DWP during the first year that I began receiving State Pension asking if I needed financial help as my State Pension was so low. I thanked him profusely and said I have a very generous pension as retired foreign diplomat so no need. But I was favourably impressed by the call. Which did not take account of the fact that we lived in Chelsea.
| 
11.08.2021, 18:13
|  | Modulo 2 | | Join Date: Oct 2008 Location: Baselland
Posts: 15,243
Groaned at 312 Times in 268 Posts
Thanked 23,649 Times in 9,617 Posts
| | Re: Buy back missed year on UK National Insurance, Class 2 or Class 3? | Quote: | |  | | | The Swiss years DO not count towards the 35 years, the Swiss pension is separate.
Ideally you want 35 years UK & whatever Swiss you can get.
If you take the Swiss one first you will need to pay for Swiss Medical insurance whilst living in the UK, once you get the UK pension that requirement will end. | | | | | Let's see if I understand you correctly. I came here in 2002. I've got 19 year's Swiss contributions. 13 years more (hopefully).
Max out UK.
Max pillar one pension!
| 
11.08.2021, 18:20
| Senior Member | | Join Date: Apr 2015 Location: Port-Valais (was SFO)
Posts: 448
Groaned at 5 Times in 3 Posts
Thanked 327 Times in 182 Posts
| | Re: Buy back missed year on UK National Insurance, Class 2 or Class 3? | Quote: | |  | | | Let's see if I understand you correctly. I came here in 2002. I've got 19 year's Swiss contributions. 13 years more (hopefully).
Max out UK.
Max pillar one pension! | | | | | You can’t get double credit. If you qualify for a pension in U.K. (10 years) you can’t add Swiss years unless you don’t get a monthly pension from Switzerland.
And it was news to me although I’ve been getting State Pension from DWP for 15 years that it’s not monthly but every 4 weeks: thus 13x a year.
| 
11.08.2021, 20:35
| Forum Legend | | Join Date: Jul 2020 Location: Frick, Aargau
Posts: 2,876
Groaned at 62 Times in 50 Posts
Thanked 4,070 Times in 1,901 Posts
| | Re: Buy back missed year on UK National Insurance, Class 2 or Class 3? | Quote: | |  | | | You can’t get double credit. If you qualify for a pension in U.K. (10 years) you can’t add Swiss years unless you don’t get a monthly pension from Switzerland.
And it was news to me although I’ve been getting State Pension from DWP for 15 years that it’s not monthly but every 4 weeks: thus 13x a year. | | | | | Stupid question:
If I left my uk pension at 9 years (which it is currently) does that mean they'd be counted as more valuable Swiss years?
Could it be worth not adding more UK years?
| 
11.08.2021, 21:36
| Senior Member | | Join Date: Apr 2015 Location: Port-Valais (was SFO)
Posts: 448
Groaned at 5 Times in 3 Posts
Thanked 327 Times in 182 Posts
| | Re: Buy back missed year on UK National Insurance, Class 2 or Class 3? | Quote: | |  | | | Stupid question:
If I left my uk pension at 9 years (which it is currently) does that mean they'd be counted as more valuable Swiss years?
Could it be worth not adding more UK years? | | | | | The general advice is to buy at least another year and get ten. Totalisation into your Swiss pension is a lesser value choice.
| 
12.08.2021, 09:32
|  | Forum Veteran | | Join Date: May 2009 Location: Pfäffikon SZ
Posts: 2,445
Groaned at 26 Times in 25 Posts
Thanked 3,323 Times in 1,412 Posts
| | Re: Buy back missed year on UK National Insurance, Class 2 or Class 3?
I'm confused now Caryl!
In previous discussions on this topic I had been under the impression that I could buy back missing UK years and continue to contribute, so that I would get the full UK pension, plus I would get whatever pension I am due from the Swiss system for what I estimate will be 21 years of contributions (according to the online calculator CHF 1250 a month). I already have 10 year's of full contributions in the UK.
Are you saying this is not the case?
| 
12.08.2021, 09:38
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Buy back missed year on UK National Insurance, Class 2 or Class 3? | Quote: | |  | | | I'm confused now Caryl!
In previous discussions on this topic I had been under the impression that I could buy back missing UK years and continue to contribute, so that I would get the full UK pension, plus I would get whatever pension I am due from the Swiss system for what I estimate will be 21 years of contributions (according to the online calculator CHF 1250 a month). I already have 10 year's of full contributions in the UK.
Are you saying this is not the case? | | | | | I believe you are correct, the confusion is based on what happens if you don't have enough qualifying years in any country you lived in.
| The following 2 users would like to thank fatmanfilms for this useful post: | | 
12.08.2021, 13:30
| Senior Member | | Join Date: Apr 2015 Location: Port-Valais (was SFO)
Posts: 448
Groaned at 5 Times in 3 Posts
Thanked 327 Times in 182 Posts
| | Re: Buy back missed year on UK National Insurance, Class 2 or Class 3? | Quote: | |  | | | I'm confused now Caryl!
In previous discussions on this topic I had been under the impression that I could buy back missing UK years and continue to contribute, so that I would get the full UK pension, plus I would get whatever pension I am due from the Swiss system for what I estimate will be 21 years of contributions (according to the online calculator CHF 1250 a month). I already have 10 year's of full contributions in the UK.
Are you saying this is not the case? | | | | | You can pay in arrears up to the past six years of any years in which you did not have full contributions (usually Class 1, employer-paid). Thus if you worked for a few months in, say, 2017 you can now pay the difference to get full credit for the year. And you can pay Class 2 or 3 contributions for subsequent years.
With a couple of rare exceptions you cannot pay missing contributions beyond the past six years.
Having credit for at least ten years of UK State Pension makes that pension eligibility totally independent of the Swiss, or any other, system in which you have qualified for a pension. Totalisation enters the picture where you have a few years in a treaty country but not enough for a pension. And as I wrote earlier you cannot totalise for a year in which you already have full credit in that other system (i.e. UK State Pension).
As you have ten years of UK credits you are entitled to something (currently around £200 or so a month). You can voluntarily pay Class 2 or 3 (as the case may be based on your circumstances and eligibility) until you have the maximum 35 years. https://www.gov.uk/voluntary-nationa...-contributions but don't be confused: you can not only pay missing back contributions but all future years. There's no point in paying for more than 35 years, that's the maximum credit.
The link I gave you leads to the application forms for Class 2 & 3. This is for Class 3: https://assets.publishing.service.go...370/CA5603.pdf
As I have written, the rules are arcane and you may want to speak to the authorities first: +44 191 203 7010
Last edited by Caryl; 12.08.2021 at 13:41.
| The following 2 users would like to thank Caryl for this useful post: | | 
12.08.2021, 13:42
|  | Senior Member | | Join Date: Jun 2021 Location: BaselStadt
Posts: 342
Groaned at 27 Times in 15 Posts
Thanked 665 Times in 243 Posts
| | Re: Buy back missed year on UK National Insurance, Class 2 or Class 3?
And also to note, the Gov Gateway only gives you the option to pay class3.
You don't need to pay class 3 if you are working here in CH.
This is where you need to contact them and start the process to pay class 2.
| The following 2 users would like to thank schoggiweggli for this useful post: | | 
12.08.2021, 14:02
| Senior Member | | Join Date: Apr 2015 Location: Port-Valais (was SFO)
Posts: 448
Groaned at 5 Times in 3 Posts
Thanked 327 Times in 182 Posts
| | Re: Buy back missed year on UK National Insurance, Class 2 or Class 3? | Quote: | |  | | | And also to note, the Gov Gateway only gives you the option to pay class3.
You don't need to pay class 3 if you are working here in CH.
This is where you need to contact them and start the process to pay class 2. | | | | | You need to contact HMRC anyway before paying because you need to have a reference number to pay. https://www.gov.uk/pay-voluntary-cla...e/bank-details
As others have said, it's better (cheaper) to pay Class 2 if you can. The rules are arcane.
| 
12.08.2021, 14:41
| Senior Member | | Join Date: Apr 2015 Location: Port-Valais (was SFO)
Posts: 448
Groaned at 5 Times in 3 Posts
Thanked 327 Times in 182 Posts
| | Re: Buy back missed year on UK National Insurance, Class 2 or Class 3?
This page is what troubles me, especially with Class 2: https://www.gov.uk/national-insurance-if-you-go-abroad
While you can claim exemption from NICs if you work in a Totalisation Treaty country, if you subject yourself to voluntary contributions that page (despite its notation of exemption in Treaty countries) can be read as stating that for the first 52 weeks you will be taxed at the rate of Class 1, the rate paid by employed persons and their employers in the UK. https://www.gov.uk/national-insurance-if-you-go-abroad
I have not seen this applied to those seeking to pay Class 3 contributions, and the work that I have done was in relation to employers seconding persons abroad and agreeing to pay their NICs (both parts) while they were abroad.
For the low paid -- such as missionaries I worked with -- the contributions were cheap, sometimes close to zero. For highly paid executives it can be costly.
| 
12.08.2021, 17:50
|  | Modulo 2 | | Join Date: Oct 2008 Location: Baselland
Posts: 15,243
Groaned at 312 Times in 268 Posts
Thanked 23,649 Times in 9,617 Posts
| | Re: Buy back missed year on UK National Insurance, Class 2 or Class 3?
Meh. I've filled in the form and see what happens. I'll let you know.
| The following 2 users would like to thank NotAllThere for this useful post: | | 
23.09.2021, 18:46
|  | Senior Member | | Join Date: Jun 2021 Location: BaselStadt
Posts: 342
Groaned at 27 Times in 15 Posts
Thanked 665 Times in 243 Posts
| | Re: Buy back missed year on UK National Insurance, Class 2 or Class 3?
Maybe worth to mention but the NI goes up in the UK next year, but only for a year, and not on Class 2, before returning to it's current rate. https://www.gov.uk/national-insurance/how-much-you-pay
After this there will be a new Health and Social Care levy. They have not mentioned if they will adjust the current situation with voluntary payments. As a reminder, if you were born after 1951, you have another @ 18 months where you have the opportunity to back pay from 2006 to 2016, so 10 years or one third of the state pension. If you were working here, or anywhere EEA I guess, this would cost @£2500 in total and give you a yearly UK pension payment of +£3000
After April 2023, this window of opportunity closes.
| 
10.10.2021, 21:17
|  | Modulo 2 | | Join Date: Oct 2008 Location: Baselland
Posts: 15,243
Groaned at 312 Times in 268 Posts
Thanked 23,649 Times in 9,617 Posts
| | Re: Buy back missed year on UK National Insurance, Class 2 or Class 3? | Quote: | |  | | | Meh. I've filled in the form and see what happens. I'll let you know. | | | | | I received acceptance of my application last week. I've got 14 year's contribution. I can buy another 15 year's of class 2 ~£160 per year. I pay for another 6 years (class 2) and that's full state pension.
I've just filled in the form for my wife. She's probably got around 14 year's contribution in the UK as well.
One of my friends got a refusal for class 2, but I don't know the details as to why.
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | | Thread Tools | | Display Modes | Linear Mode |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT +2. The time now is 02:00. | |