Accrual of benefits

[agbrfas]

(1) 30 years' contributions are needed to qualify for full state pension. Am I right to assume that part years accrue on a monthly (?weekly) basis?

(2) Assuming I'm right on (1) what is the position for Directors, whose contributions are calculated on an annual basis? Where a director has low earnings of, say around £8k pa then there will be no contributions for the first eight months of the year, whereas a non-Director would pay a small contribution each month. Or are the rules for accruing benefits different from those for payment of contributions?

Many thanks for any help -


Alan

[robbob]

re (2) In the example you give A director will qualify for a full years stamp even though the actual NI threshold is not reached till near the end of the tax year.

[agbrfas]

Thanks, robbob, that's the information I wanted. But just out of interest, if either (a) a director or (b) a non-director only starts receiving NIable pay part way into the year get a full year "stamp" or a part year credit or none at all?