N.I.

**Spangles** · 06-01-2008, 08:45 AM

Just thought I'd check with you ...

I am assuming that you don't put your N.I. payments down on your weekly expenditure is that right or should I be adding it on?

**sarah707** · 06-01-2008, 08:50 AM

Don't pay it ... sorry! I have an exemption certificate. Checked my pension status last year and it's still full as they use my ex-husband's allowance... I'll be worth about £75 a week when I'm 65... or will it be age 70 by the time I get there???

Worth looking into - I think it's called home protection or something... you get it while your children are at home until your youngest child is 16... you might save yourself some money

**miffy** · 06-01-2008, 08:53 AM

It's called Home Responsibilities Protection and covers your state pension until your youngest child is at least 16.

If you're an NCMA member there may be more info in their booklet about tax and NI which you get every year when you renew your membership.

Miffy xx

**oakie dokie** · 06-01-2008, 07:06 PM

i pay mine dd, its about £8 a month, i dont have to though.

**Trouble** · 06-01-2008, 07:27 PM

i pay dd too

**Tily Bud** · 06-01-2008, 07:31 PM

i pay mine but i might look into the exemption though x

dont see why i should pay it if i dont have to lol !

cheryl x

**Raggydolls** · 06-01-2008, 07:53 PM

would someone explain abit more about this as i have no idea what your on about, what makes us exempt? i would like to know so when i start midning i can try for this straight away if its possible, anything to save some money huh, lol

leanne
xx

**louise** · 06-01-2008, 08:08 PM

Hi, This was on my mind the other week. Last year i got a letter saying i will be a year short as i didnt have enough NI paid in either 2003/04 or 2004/05 i cant remember which it dod say i would be fine if i paid £200 by 2010 which i couldnt afford at time. I think it has something to do with maternity leave as i took 11 months off. I havent had a letter since but then it did take 3 years for that one to arrive. I have been paying NI since i started minding and also wondered if it could go in as an expense.
Lou

**chez1373** · 06-01-2008, 08:10 PM

Ive not even thought about N.I tHink ill give them a ring in the morning

son77 · 06-01-2008, 08:30 PM

The answer to your question, should I put it down as expenditure? Well I have absolutely no idea!!

I don't but have never thought about it either. I imagine not.

**wellybelly** · 06-01-2008, 08:38 PM

I too got a letter saying i had underpaid my NI contributions and that i needed to pay £200 to top it up, i think it could be because of Maternity leave when I had my 2 children. But do i need to pay it now im childminding...Im confused

**buildingblocks** · 11-01-2008, 11:53 AM

In answer to your question no you can't put it through your books

**sarah707** · 11-01-2008, 12:19 PM

NI like it if everyone pays and sometimes people get panic 'pay this or else' letters. The wording on the leaflets is also unclear and leads people to think they need to pay or they will lose huge benefits. I got a bill once a few years ago for thousands, as they had forgotten I was at home with children.

If you are at home, you can apply for and get home responsiblities cover, currently until your youngest is 16 (I think it's 16).

TBH if you look into it, a year's payments gives you something paltry like 50p a week extra when you're 65... it really is an absolute joke!

Plus I am still covered by my ex-husband's contributions as they link them together (I lose them if I ever re-marry) but then I will be covered by my new husband's I suppose... is that a good speed dating question do you think... 'do you have full NI contributions...?'... off topic Sarah!!

It is worth getting a pension forecast if you're a certain age or above, but when you realise just how little you get for topping up quite a lot of money, it starts to look a little silly.

http://www.thepensionservice.gov.uk/...rpforecast.asp

Have fun!

Oh and no you can't put them through your expenses. If you pay them then you just have to swallow it...

Always get a pension forecast before thinking about exemption and get professional advice

**ruby** · 11-01-2008, 12:19 PM

if you pay tax then you must pay N.I.
but if you don't then you can apply for an excemption certificate this means you don't pay any N. I. not sure how long it last i think it was for 2/3 yrs.
then you have to apply again.

if you do not get one then you can pay self employed NI which is about £2.50 a week
it is good when you are first starting out as you don,t earn that much but when you earn enough to pay then you have to pay the N.I.

i think this only applies to those of us who,s children are over 16 yrs
cathy

**chez1373** · 11-01-2008, 02:11 PM

ive just had my first N.I Bill so for some one to please clarify can i put this through my accounts?

**Spangles** · 11-01-2008, 03:18 PM

Thank you for all the replies and no Chez you can't put them through was the answer!

I'm glad I wasn't the only one who didn't know whether to put them down or not!

**chez1373** · 11-01-2008, 03:20 PM

Thanks very much Lorri

**John** · 23-01-2008, 10:15 PM

Originally Posted by son77

The answer to your question, should I put it down as expenditure? Well I have absolutely no idea!!

I don't but have never thought about it either. I imagine not.

I was told by the inland rev and the ncma book tax,ben and ni2006/2007 page 23 you can put your N.I as an expenditure but can't if it's a volutary N.I i have a meeting with my buisness adviser next week about this, but she said the same over the phone this morning.

John.

**button68** · 23-01-2008, 10:40 PM

I won't have paid any N.I. since I finished work to have DS 11 years ago. I don't know if the N.I. people know I've been a SAHM

Should I have told them all those years ago to protect my pension?

**Amaranth** · 23-01-2008, 11:43 PM

I have always put my NI contributions through my books. When I did my ICP course we had a visit from someone from the inland revenue and she said that we could.

Carole xx