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NI Voluntary Class 2 contributions

bjmarren
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NI Voluntary Class 2 contributions

#172606

Postby bjmarren » October 9th, 2018, 4:48 pm

Hi all,

I contacted HMRC today to find out what the Class 2 NI rates were for 2016/17 and 2017/18 as I wanted to make sure my contributions were up to date. I should add that I've been living and working overseas for the last 20 years and although I had paid enough contributions to qualify for a full pension, part of those contributions were at the contracted rates, thereby reducing my pension, but I could top up my pension by continuing to pay Class 2, but only from 2016/17 on-wards. I had previously been given to understand that the Class 2 rates were to be abolished after the 2018/19 year to perhaps be replaced by Class 3 rates, which are about 3 times more expensive. I was very pleasantly surprised to learn that Class 2 rates will now continue on as before and will not be abolished, well not until some later date maybe. I had not read any thing about this in the press but apparently the decision was made in early September this year.

I was also pleasantly surprised to learn that such payments could now be made online. I haven't had to make such a payment for a number of years now, always having had to send cheques through the post which I didn't like.

I hope this is usual for some people.

Cheers,

Brendan
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Moved from International & Expat Investors to Pensions - Practical Problems (leaving a link). - Chris

chas49
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Re: NI Voluntary Class 2 contributions

#172620

Postby chas49 » October 9th, 2018, 7:01 pm

Previously discussed at viewtopic.php?f=17&p=165113#p165113

torata
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Re: NI Voluntary Class 2 contributions

#172669

Postby torata » October 9th, 2018, 11:54 pm

bjmarren wrote:Hi all,

I contacted HMRC today to find out what the Class 2 NI rates were for 2016/17 and 2017/18 as I wanted to make sure my contributions were up to date.
[SNIP]
I was also pleasantly surprised to learn that such payments could now be made online. I haven't had to make such a payment for a number of years now, always having had to send cheques through the post which I didn't like.


Thank you for that information.
Funnily enough, I contacted them as well to find out why my cheque hadn't been cashed. Apparently they have a 10-week delay in processing contributions.

torata

DrBunsenHoneydew
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Re: NI Voluntary Class 2 contributions

#172752

Postby DrBunsenHoneydew » October 10th, 2018, 11:01 am

They expect people to pay their Class 2 NI through the annual Tax Return nowadays and don't have a slick process for people randomly writing in with a cheque in the post!


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