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What I don't understand is all these junkies and bums who do nothing but scrounge off the country and the benefit system and pay no N.I still seem to get all the cash and treatment they need? -
I think it may have an impact on your entitlement to NHS care, but not 100% on that so don't quote me...Leave a comment:
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I pay voluntary NI contributions.
You need 30 years worth to qualify for the state pension.
My thinking behind it is that I paid full NI for 11 years while working for UK company so I only need another 19 to qualify for the pension (I work for an American company now) - the voluntary contribution is either 13 (Class 3) or 3 (Class 2) pounds a week.
I would suggest speaking to a tax adviser before decided one way or another - at the end of the day if you pay into private pension, you get tax relief, even if you don't pay income tax, so that may be a better way of saving.
Obviously you should not plan on relying on the state pension only when you retire either way.Leave a comment:
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I'm also wondering about this as I've just changed companies from a British flagged to Bermudian flagged company...Leave a comment:
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I think it can causes problems for maternity pay... but I?m guessing that?s not a problem for most people on this site....Leave a comment:
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National Insurance
I understand that if you are employed on a foreign ship you do not have to pay NI, but you can choose to pay it.
Looking at this I presume that would mean that we would be paying class 3 contributions if we chose to. However is there any point as it does not contribute to benifits other than the state pension which I doubt will still exist when I retire (or at least I'll have to work until 75)
So is there any point paying it?
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