For those lifted out of ni payments ( earn below 12500) what happens to pensions?

[ICanSmellSummerComing]

Does anyone know?
I think I'm right on the cusp of 12500 and suspect I won't be paying soon but what happens to my ni pension contributions??

It’s protected if you claim child benefit in your name?

Yes I do.
But about 8 years left on that?

I believe you get a max of 8 years for this, although times may have changed since I looked at it.

www.gov.uk/new-state-pension/your-national-insurance-record-and-your-state-pension

You don’t have to pay NI to get a qualifying year for state pension. See link. If you are close to the NI threshold you will be fine as I read it.

You can get credits from other things. Like child benefit. I think it’s until they are 12.

it worth looking at so you don’t miss out. Do you claim other benefits?

As long as you earn over the qualifying threshold (it’s about £6300 per year I recall) then you still have a qualifying year for state pension, whether you pay contributions or not

Mine only credited me for years I’d paid NI and I had to contact them and request credit for early years at home with DDs.
For some of the years I didn’t have a full year’s NI credit i voluntary paid the difference.
You can check your record online.

On line it says about 7 year's left to pay for full state pension.

I currently pay ni and I'm not on any other benefit.

Presumably you'd be working more hours and earning more by the time child benefit stops though so should be fine. Unless you can't increase hours due to caring duties or something in which case claiming carers allowance would get you credited with class 3 NI contributions.

These are the old numbers, I believe. I don't know if the lower threshold for credits is changing when the 12500 threshold to pay comes in

www.gov.uk/national-insurance

Jurrasic I can't make head nor tail of that lot!

If you earn between the Lower earnings limit and the primary threshold you are treated as paying NI - you get credited the full year but you don't actually pay anything. So so long as you earn above £123/week, £533 a month or £6396 a year you will be fine.

@solarbirdscalm

Thanks, have you got a specific link to that information please

www.gov.uk/government/publications/rates-and-allowances-national-insurance-contributions/rates-and-allowances-national-insurance-contributions