I have a friend who is 88 and has a small company trading in antiques. He told me that he still pays NI contributions as he is a company director!! Am I right in thinking that these contributions finish at age 65.
When I was 66 and took on a job, I can remember getting an exemption certificate which I sent into the company I was working for and so didn't have any NI deductions.
I would be grateful if anyone can confirm my suspicions.
Thanks a lot,
Mike
NI contributions after 65
3 posts • Page 1 of 1
NI contributions after 65
by ancientgeek on Mon Jul 18, 2011 4:19 pm
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Re: NI contributions after 65
by Tax Champion on Mon Jul 18, 2011 4:45 pm
No employee contributions are payable after 65, but employer contributions continue indefinitely, if the salary is high enough.
Sounds like your friend could do with some advice!
Sounds like your friend could do with some advice!
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Re: NI contributions after 65
by ancientgeek on Mon Jul 18, 2011 8:02 pm
Thanks a lot for that "Taxchampion" I really appreciate your help.
Mike
Mike
- ancientgeek
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3 posts • Page 1 of 1
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