National Insurance

[jrtv]

If I carry on working past 65, I'm self employed, do I carry on paying National Insurance contributions or does that stop at the age of 65.

[SGH58]

No.

[sara3]

that's a bit of an ambiguous answer, SGH.

[Calibax]

No you do not pay NI after 65 but I think you have to apply for an Age Exception Certificate from the Revenue and give it to your employer.

[Calibax]

See this link
http://www.hmrc.gov.u...ers/paying-making.htm

[Skyline D]

YOU don't pay it. Employees NIC stops. Your employer continues to pay it. Employers NIC is not age dependent.

[dasherman]

You stop paying NI when you reach state pension age, which is already increasng for women and will also go up for men in due course.

[boxtops]

You'll need to check that website, jrtv - I'm employed and no longer pay it, but I don't know how it works when you are self-employed, you presumably just no longer "buy a stamp" but you'll need some proof of exemption from HMRC to do so (I had to give the cert to my employer). The ages for exemption for women are changing (and going up on a sliding scale), not sure about males. Check that site.

[jrtv]

Thanks everyone, I thought it was a no, had a letter from HM Revenue & Customs who wanted to know why my bank D/D had stopped and was I still woking, I have just phoned them and they say the letter was a mistake.

[boxtops]

Wow, impressed that they are there on a Sunday !!!

[1eyedjack]

At least two responders failed to note that the OP said that he was self employed, not employed. Otherwise the responses are broadly correct, but fail to mention that exemption from Class 4 NIC only applies from 06 April following 65th birthday (for a male, and assuming current state pension vesting age).

[Skyline D]

Ooops, corrected by 1eyed again. And he's right again damn it. I didn't read the question properly.