Ivan Horn
-
RE: Voluntary NICs and qualifying years for state pension
Hi Just what I wanted to hear, good to know that 2023/24 won't be an NI gap year. Thanks. Ivan -
Voluntary NICs and qualifying years for state pension
Voluntary NICs and qualifying years for state pension I'm self employed and in the 2023-24 tax year I had an unusually low income (just over £11,000 from work and savings interest). This meant that I was not due to pay tax or NI for that year and as I understand it, this means that 2023-24 will not be a qualifying year for the state pension. I've read that paying voluntary Class 2 NICs would allow it to be a qualifying year, but I'm unsure that is the case or if other payments would be required, and if it is, how much voluntary Class 2 NICs I would need to pay to achieve that. Thanks in advance for any information clarifying this for me. Ivan