self-emplyoyed parent exempt from paying national insurance
contributions this year - does this mean i will receive N.I. credits for the period of low-earnings - or does this mean that i miss out on a qualifying year? Also is it correct that Home Responsibilites is only covers you for your first child til the age of 16?
2007-11-09 02:31:47 · 4 answers · asked by tkf57 3 in Business & Finance ➔ Taxes ➔ United Kingdom
PHONE THE DHSS
2007-11-09 02:40:26 · answer #1 · answered by DENNIS P 5 · 0⤊ 1⤋
If you are not paying NI, and you are not getting NI credit (which, if you are classed Self Employed seems unlikely). then you will miss out a year.
Unless you are over about 55, that's not too much of a problem since you only need 30 years (not 45) for a full State Pension ...
.. if you do come up short, you can always 'buy in' extra years later on (before you retire).
2007-11-09 03:09:44 · answer #2 · answered by Steve B 7 · 0⤊ 0⤋
Home repsonsibilities is protection whilst receiving the child benefit...therefore if the child remains in full time education after the age of 16 the protectiopn will stay....until the child benefit stops
You can purchase your own stamps weekly/monthly contact DWP or inland revenue
2007-11-10 05:11:43 · answer #3 · answered by stormydays 5 · 0⤊ 0⤋
NI credits - see your CAB
2007-11-09 02:48:47 · answer #4 · answered by orhyswilliams 3 · 0⤊ 1⤋