DWP publishes new NIC policy detail

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The Department for Work and Pensions (DWP) has published more detail of proposals to introduce a new NIC scheme from October 2015 for a limited period.

Despite criticism that adding an extra class will complicate things further, last month in the Autumn Statement the government announced its intention to introduce a scheme for pensioners to top up their Additional State Pension by paying a new class of voluntary National Insurance contribution (NIC), to be known as Class 3A.  

The government then put out...

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Robert Lovell
Managing Editor
AccountingWEB.co.uk
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By dstickl
27th Jan 2014 14:44

Will anyone be able to buy Class 3A NIC, instead of an annuity?

Any body out there know if anyone [who qualifies by Date of Birth] will be able to buy Class 3A NIC, instead of an annuity, e.g. out of a stakeholder pension "pot"?

Thanks in advance for any reply/s.

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