National Insurance number

[Ella]

Hello guys
Is anybody here have an idea about National Insurance contribution?

I was reading the page of directgov and all i can see is "you pay National Insurance contributions if you are an employee and self-employed and you are age 16 and over, providing your earnings are more than a certain level".

I would like to know if its possible for somebody to pay the tax voluntarily even if the person is not working?

[bornatbirth]

you can pay NI if you like, why would you want to?

http://www.direct.gov.uk/en/Pensions...re/DG_10021384

[Ella]

you can pay NI if you like, why would you want to?

http://www.direct.gov.uk/en/Pensions...re/DG_10021384

Hello bornatbirth
Thanks for the website that you sent me.
It says in there that a person can fill in the gaps by paying voluntary NI contributions.
So for me, it means they have an existing contribution already that they need to continue.
What I wanna know if I can start paying my NI contribution voluntarily without me working.

Hmnnn me and my guy was just thinking that if ever he wanna retire in Philippines someday then both of us will recieve pension.... That was just an idea that I need to figure out.

[estherboaz]

NI is like SSS in our country...

[Ella]

NI is like SSS in our country...

Hahah maybe you got it right estherboaz But I'm not sure exactly
Until now I'm still paying my SSS contribution voluntarily.
I need to figure out if I can do the same here in my National Insurance contribution.

[joebloggs]

Hahah maybe you got it right estherboaz But I'm not sure exactly
Until now I'm still paying my SSS contribution voluntarily.
I need to figure out if I can do the same here in my National Insurance contribution.

why bornatbirth from your own link

Qualifying years needed for entitlement to the full basic State Pension
Number of qualifying years Men Women
If you reach State Pension age on or after 6 April 2010 30 30
If you reached State Pension before 6 April 2010 Normally 44 Normally 39

and Whether it will make sense for you to fill in the gaps by paying voluntary National Insurance contributions will depend on a number of factors.

[Bluebirdjones]

Why pay to the Government ???? (via voluntary contributions)
This isn't your only option.

There are many private pension or savings schemes that you can pay into in this country.
Any financial advisor can tell you about them, and go with a reputable company.
... and most will allow you to vary your contributions.

Some will pay a monthly "pension" at retirement age.... whereas others will pay out a lump sum,
which you can use to buy an annuity.

[joebloggs]

Why pay to the Government ???? (via voluntary contributions)
This isn't your only option.

There are many private pension or savings schemes that you can pay into in this country.
Any financial advisor can tell you about them, and go with a reputable company.
... and most will allow you to vary your contributions.

Some will pay a monthly "pension" at retirement age.... whereas others will pay out a lump sum,
which you can use to buy an annuity.

true but i would have thought you would have to a lot more privately than £12wk to get £97 what ever the weekly pension is, also it will not go down in value, and it will not go up much either

[Ella]

Thanks to all of you guys but I still don't understand about pension yet...Maybe need to research more about it
Just thinking if paying tax voluntarily can help alot for future use....

[joebloggs]

oh dear i've upset you with my manc sense of humor, maybe its not to everyones taste , funny my misses thinks its funny she will be supporting me when i've retired, and shes doesn't have a problem with it, but you do , in reality for some people this isn't a joking matter, if money is short and they dont have good pension then the wife continuing to work might be the only option for them, not everyone is lucky enough to afford a private pension.

martyr , you dont know about me or my wife or what we've been thru, my rants on here have been about how unfair the system is and the endless costs, form filling, time wasting and restrictions and conditions placed on certain people.

good for you, you've done the best of your abilities for your wife and your proud of her, have you seen your wife in tears wanting to give up doing the job she spent more than 10yrs at uni in the phils studying to do, the late nights studying until she falls asleep then having to go and work, endless exams, the time and cost of it all, no i'm no martyr, the posts ive made are about her struggles are to warn and to encourage other filipinas they can make it, the system is against you, but you can, my wife has met many filipinos who just gave up

where have i said that the state pension is the be all and end all ???

bornatbirth said why pay it, for your £50 a month, tell me what you would get from a private pension fund after 30yrs ?? i'll take a guess probably £60 a month the way pension funds have been hit. so £60 a month private or nearly £400 state pension !

of course its good to have a private pension as well, but some people can't afford it

what advice of mine is mis-informed ?? i haven't given any - unless your talking about paying for NIC contribs , unlike you ..

err did you post this


Why pay to the Government ???? (via voluntary contributions)
This isn't your only option.

.....

I'm not advocating relying on a private pension policy .... but to ENHANCE the Government's one !




make your mind up, why pay the gov and next your saying you should enhance the gov one ..

true there are other options, but show me one with a better guaranteed return for the little your putting in?

just google private pension funds and see the state many are in

but as always consult a expert on any matters