NI payments on pensions

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inspector
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Mar 2022 09 17:24

NI payments on pensions

The latest thing now is an NI payment to be made payable by retired pensioners that have an income of over 8,000 a year, so that will wipe out this years `increase in one fell swoop for a lot of us.
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Jubbs
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Mar 2022 09 17:44

Re: NI payments on pensions

Are you talking about working pensioners ?
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inspector
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Mar 2022 09 17:49

Re: NI payments on pensions

Nop, ALL pensioners with an income of over £8000, including OAP pension.
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inspector
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Mar 2022 09 18:09

Re: NI payments on pensions

Found this, it is WORKING Pensioners


"Pensioners still working after State Pension age, currently 66, don't pay National Insurance. However, after April 2023 they will have to pay the new Health and Social Care Levy out of their earnings"
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thecaretaker
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Mar 2022 09 20:12

Re: NI payments on pensions

inspector wrote: Wed, 9th Mar 2022, 6:09pm Found this, it is WORKING Pensioners


"Pensioners still working after State Pension age, currently 66, don't pay National Insurance. However, after April 2023 they will have to pay the new Health and Social Care Levy out of their earnings"
Thanks Inspector. I didn't know that. Lucky I'm not working. Bad enough having to pay income tax on my Local Authority Pension let alone NI.

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Keyolder
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Mar 2022 10 12:50

Re: NI payments on pensions

thecaretaker wrote: Wed, 9th Mar 2022, 8:12pm Thanks Inspector. I didn't know that. Lucky I'm not working. Bad enough having to pay income tax on my Local Authority Pension let alone NI.
And when you receive your state pension, they add it to your LA pension as income so you pay tax on both… [Disappointment.png]
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thecaretaker
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Mar 2022 10 17:20

Re: NI payments on pensions

Keyolder wrote: Thu, 10th Mar 2022, 12:50pm And when you receive your state pension, they add it to your LA pension as income so you pay tax on both… [Disappointment.png]
And let me guess, I bet I still have to pay tax on my funeral costs and pay 20% VAT on my coffin. They'll still get you when you've passed on. [Big grin.png]

P.S. And then there will be death duty, inheritance tax, solicitors fees. [fever.png]

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thecaretaker
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Mar 2022 29 08:04

Re: NI payments on pensions

inspector wrote: Wed, 9th Mar 2022, 6:09pm Found this, it is WORKING Pensioners


"Pensioners still working after State Pension age, currently 66.....
And I hope I don't get the rug pulled from under my feet by the government altering the pension age. I'm not far off getting it now.

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