National Insurance - Student
30 September 2005, 06:35 PM
#1
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National Insurance - Student
Evening all,
Dated the 19th September 2005 the Inland Revenue have written to me.
"We are writing to you about your National Insurance contributions for the tax year 6 April 2003 to 5 April 2004, becuase we think you haven't paid enough for that your to count towards your State Pension."
They say my shortfall is £173.75 (total for the year)
I have tried to ring them but i'm sick of the engaged 'music'.
As a student in full-time education I didn't think I had to pay at all?
Will check their website again later this evening.
Dated the 19th September 2005 the Inland Revenue have written to me.
"We are writing to you about your National Insurance contributions for the tax year 6 April 2003 to 5 April 2004, becuase we think you haven't paid enough for that your to count towards your State Pension."
They say my shortfall is £173.75 (total for the year)
I have tried to ring them but i'm sick of the engaged 'music'.
As a student in full-time education I didn't think I had to pay at all?
Will check their website again later this evening.
30 September 2005, 08:00 PM
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Speak to an Indepandant Financial Advisor to be sure.
Bascially its up to you. In order to qualify for a full state pension you have to contribute fully for a certain number of years (I forget how many). If you pay the amount they have asked for, this is, in theory, one less year you will have to work in order to get your state pension.
TBH, I don't think it will be worth it. You are likely to work the right number of years in your job anyway, and as previously stated, the state pension is not likely to be much by the time you retire
Bascially its up to you. In order to qualify for a full state pension you have to contribute fully for a certain number of years (I forget how many). If you pay the amount they have asked for, this is, in theory, one less year you will have to work in order to get your state pension.
TBH, I don't think it will be worth it. You are likely to work the right number of years in your job anyway, and as previously stated, the state pension is not likely to be much by the time you retire
30 September 2005, 10:43 PM
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I remember that I got sent a tax return form when I was ay Uni. I just sent it back and said talk to Cornwall County Council - who had given me my student grant. Remember them ...??? NO? Too bl**dy young by far ...
Send them back the form explaining what your circumstances are. If they want to pursue it further then they will .... but get some beers in before that and don't lose any sleep over it ...
Dave
Send them back the form explaining what your circumstances are. If they want to pursue it further then they will .... but get some beers in before that and don't lose any sleep over it ...
Dave
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