NIC Class 4 contributions
- Thread starter lucius
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BetterTAX
Member
@lucius yes you should really edit that picture but its worth putting the letter on here as it does have good info.
NICs are not really optional, as I understand it. If you pay tax (which we all should) then we have to pay some kind of NICs. I think it was started as a way of providing state benefits for anyone that needed them, because, of course, at the time most people did work and want to contribute to the country.
What has brought it to its knees is the unemployment and more pensioners... what a drain they are!:RpS_biggrin:
If you have a gap and you want a full pension then you are invited to make the voluntary contribution. I have to say that letter does almost intimate you can pay if ya like!
I believe that graduated pension payments that were stopped in your payslip at one time (u-oh... age alert), became combined with NICs on the onset of opting in and opting out of state pensions, when all the rage was for your employer to have a pension fund.
Well, we all know what happened to them! I worked for an insurance company wayyyy back. Everyone was buying personal pensions, endowment mortgage policies, company pension plans... great ideas until the investments all went kapput
.
I hope @Danny you are investing wisely :RpS_cool:. Hope you get your tax problem sorted (maybe you need a new accountant
)
NICs are not really optional, as I understand it. If you pay tax (which we all should) then we have to pay some kind of NICs. I think it was started as a way of providing state benefits for anyone that needed them, because, of course, at the time most people did work and want to contribute to the country.
What has brought it to its knees is the unemployment and more pensioners... what a drain they are!:RpS_biggrin:
If you have a gap and you want a full pension then you are invited to make the voluntary contribution. I have to say that letter does almost intimate you can pay if ya like!
I believe that graduated pension payments that were stopped in your payslip at one time (u-oh... age alert), became combined with NICs on the onset of opting in and opting out of state pensions, when all the rage was for your employer to have a pension fund.
Well, we all know what happened to them! I worked for an insurance company wayyyy back. Everyone was buying personal pensions, endowment mortgage policies, company pension plans... great ideas until the investments all went kapput
.I hope @Danny you are investing wisely :RpS_cool:. Hope you get your tax problem sorted (maybe you need a new accountant
)
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chrisjack231
Private Member
Gone have the days when you bought 200 bensons from your "mate" for 15 quid and the guvnor paid you in shiny crisp £10 notes on Friday morning because it was poets day. That was only 16 years ago. I can imagaine it was much better than that for you guys that are a few years wiser than me
lucius
Well-Known Member
You will get fck all Lee with my credit rating
leebo02
Well-Known Member
gonna be a nice day sunday,,, you coming down for pleasure or working
Nisus
Elite Member
:RpS_biggrin:
To be honest the world has changed & unless you have a cocaine habit, cash isn't much use to most!
Even paying cash at Sainsbury's has an audit trail if you use a loyalty card. Most purchases are done online & with direct debits left right & centre, just to survive in this multicultural money pit that we call home, means money is needed in the bank constantly.
Stop this ride, I wanna get off .... gonna puke!
lucius
Well-Known Member
Pleasure mate, staying at the Brighton Best Western Sunday night.
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