Person who is employed and self employed low incom

Contribution to state pension

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If someone has earnings below NI limits AND Self employed Income below both Class2 and Class4 limits.(ie 2 small jobs) What is the best way to ensure they are contributing to state pension?

Do they pay Class2 'stamp' voluntarily?

2 What about someone below state pension age who is already drawing pension (retired early and no other earnings) who in theory still needs to pay in 4-5 more years into state pension. What should they do?

3 What about someone below state pension age who is already drawing pension (retired early) but has self employed income below £1,000 and fills in a self assessment return showing he's self employed. Does he still need to pay in 4-5 more years into state pension. If so what is the best way to do so?

I can't find much about this on the .gov website other than I can see that paying Class2 NI contributes to state pension. And the Pension calculator tool doesn't give much away either (no help to make a decision)

In all cases is it worth 'topping' up contributions annually.

 

 

 

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blue sheep
By NH
15th Jan 2019 07:46

yes voluntary class 2 is the cheapest if they still need some years to qualify for the max SP, check the NI record first here https://www.gov.uk/check-national-insurance-record

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