Tam n pups winter trip 2022

[csd4t]

I think he's still using the motorhome . It was there last year when I bought the vario from him .. he said at the time he was selling the vario and bought the motorhome to take his parents on holiday with him . He Says his parents have now gone back to India and he misses the vario and would like it back. I've no reason to doubt any of that.

The motorhome he has only has 36000 miles it is a 1996 model . The mot history on it looks good and the body looks OK in the photos. It's old so I don't expect it to be perfect . But if clean and tidy inside and usable then it would do me for using now if/when the euramobil sells. I can then decide after a winter away again whether to sell it on , trade it in or keep a hold of it and use it.

Won't know till I see more pics of it or the van itself. He Says once he returns from holiday he will do a video call and show me all the van etc . If happy he'll drive up to do the swap .

So I've 2 weeks to think it over and who knows maybe I'll have a buyer for the euramobil meantime.

Is that "Sprintshift"? not renowned for reliabilty and v expensive to sort.

 

[Northernraider]

That’s why I took my private pension at 55 and bought the motorhome to get some life experiences in, I didn’t/ Don’t know if I’ll live to be 66 for the state pension, I’ve done more then my 35yrs so will get a full one….

I’ll be cheeky and say when you get to retirement age Tam they may still have pension credit or something going and it’ll top up your pension anyway so is it worth paying in anything anyway…

Yeah but I believe you only get that if resident in the UK.... I'm still hoping I might be somewhere warmer

 

[Northernraider]

Is that "Sprintshift"? not renowned for reliabilty and v expensive to sort.

I think it's a manual

 

[mikebeaches]

Quick observation from me reference HMRC / Inland Revenue as was. Based on your rough calculations of casual income, you have nothing to be concerned about from an income tax perspective.

Mrs mikebeachesa stopped working over forty years ago when the kids came along. She has never filled in a tax return in her life and she hasn't had any contact from or with HMRC.

Whereas, I'm just the opposite and have had lots of contact...

She has some investment income (but not enough to pay tax). But she and I have no fear of the tax man because we've played by the rules. And as far as I can see, so have you!

So don't let that aspect distract you from focusing on how to maximize your state pension. Good luck!

 

[Langtoftlad]

I’ve done more then my 35yrs so will get a full one….

It's worth double checking - I thought I'd done enough years & made enough NIC but I hadn't... not as simple as 35 years

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[Grianan]

It's worth double checking - I thought I'd done enough years & made enough NIC but I hadn't... not as simple as 35 years

Same boat as you. I must have been contracted out at some point. I think that I’ll have enough of I work till April 2024 but can’t collect until 2034.

 

[gus-lopez]

I don't understand any of that. What's class 2's and 4's ?

e is another link that might be helpful
https://www.litrg.org.uk/tax-guides/self-employment/how-do-i-register-tax-and-national-insurance

Yes, after the end of July there's no way of paying for 2016 and earlier.

I retired in january 2019. i was contracted out for 8 years. I could only pay the 3 years from 2016 until 2019 as they told me that anything before 2016 does not count towards increasing pension for anyone retiring after 2016 on the "new state pension".so I am 5 years short

 

[Shrimp]

The only problem with not being paid up on your state pension is (at the moment) you get a ‘top-up’ payment (a ‘credit’ payment) which works and gives the full state pension but-a big but-if you are on a pension credit of sorts there is a nasty little stipulation that you can’t be out of the country for more than 4 weeks!!!

 

[Northernraider]

The only problem with not being paid up on your state pension is (at the moment) you get a ‘top-up’ payment (a ‘credit’ payment) which works and gives the full state pension but-a big but-if you are on a pension credit of sorts there is a nasty little stipulation that you can’t be out of the country for more than 4 weeks!!!

Yes I read that before. But I have 17 years to gain another 7 years payments

 

[Minxy]

I’ve done more then my 35yrs so will get a full one….

If that is 35 full NI payment years you're okay but if you were contracted out it won't be so you'll be short of full years.

It's worth double checking - I thought I'd done enough years & made enough NIC but I hadn't... not as simple as 35 years

Definitely, too many people think that they've got 35 years and that's sufficient but the find out the hard way it's not.

Same boat as you. I must have been contracted out at some point. I think that I’ll have enough of I work till April 2024 but can’t collect until 2034.

Best to give them a ring and ensure you definitely have sufficient fully paid years to qualify for the full pension.

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[Lenny HB]

I think it's a manual

It said auto so it will be the sprintshift.

 

[Gina M]

You need a new calculator! Actually it's £17.45 a week so £907.40 pa.

Nowt wrong with my calculator missus I was calculating at 17 quid a week which is the figure you originally quoted not £17.45. You can call me what you like but don't slag off me calculator

 

[Northernraider]

It said auto so it will be the sprintshift.

What said auto? The ebay add isn't the van he has

 

[Lenny HB]

What said auto? The ebay add isn't the van he has

How was I supposed to know that?

 

[Northernraider]

How was I supposed to know that?

Lol I said it was for comparison. His isn't advertised. That one has 97k on the clock

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[Grianan]

If that is 35 full NI payment years you're okay but if you were contracted out it won't be so you'll be short of full years.


Definitely, too many people think that they've got 35 years and that's sufficient but the find out the hard way it's not.


Best to give them a ring and ensure you definitely have sufficient fully paid years to qualify for the full pension.

Is the online system through the Government Gateway not accurate Minxy - I have well over 35 years but it says I need 1 more year as not all were full.

 

[Minxy]

Nowt wrong with my calculator missus I was calculating at 17 quid a week which is the figure you originally quoted not £17.45. You can call me what you like but don't slag off me calculator

You only got 48 weeks in your year then? 48 x £17 = £816 ... 52 x £17 = £884 ... maybe you need a few more fingers and toes?

 

[Jasz]

I was 5 years short of full entitlement. I managed to pay 1 year class 2 for about £250 as I was still classified as being self employed - the others had to be paid at class 4 at about £800/ year.

 

[Gina M]

You only got 48 weeks in your year then? 48 x £17 = £816 ... 52 x £17 = £884 ... maybe you need a few more fingers and toes?

Yes you are right my office calculator is dead to me now. The one in my bedroom (yes you read that right) does in fact say £884.00

 

[Northernraider]

I'm assuming the 35 years doesn't have to be consecutive years and there can be gaps . Otherwise it's a joke

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[Minxy]

Is the online system through the Government Gateway not accurate Minxy - I have well over 35 years but it says I need 1 more year as not all were full.

No, to get the true picture you need to speak to look at it in conjunction with your State Pension forecast, for example my hubby is currently entitled to £159 a week, if he pays another year (ie 2022/23) this will increase to £164 a week, he can however pay for earlier years and get more pension but the maximum he can get by doing so is £199, this means that he could in effect pay for more years than he needs to, he only needs to add an extra 8 years of full contributions to get to his max but he could actually pay for 12+ years.

According to his NI record he has 37 years of full contributions BUT that is misleading as he was contracted out so 'full' doesn't necessarily mean maximum NI contributions which is needed for a 'full' state pension, due to being contracted out he paid a lower NI rate, they are 'full' years in the sense that he made all his required NI contributions at the lower NI rate, but not full as in the non-contracted out rate.

You need to know which years are worth paying and which are in effect dead money, the only way to get this is to speak to a human at the pensions service.

 

[Just smiffy]

It's worth double checking - I thought I'd done enough years & made enough NIC but I hadn't... not as simple as 35 years

Already did some time ago, it’s easy to go online and get a full statement and forecast…

I have more then 35yrs….

 

[Just smiffy]

How was I supposed to know that?

Wake up boy….

 

[Minxy]

I'm assuming the 35 years doesn't have to be consecutive years and there can be gaps . Otherwise it's a joke

Yes, some people may have gaps (eg a year out of working), but so long as they are full NI contribution years (as in the max required due to you not being contracted out) then yes, but again best to ring the Pension Service and check your record just to be safe.

 

[Minxy]

Already did some time ago, it’s easy to go online and get a full statement and forecast…

I have more then 35yrs….

Were you contracted out though .... if so your 35 full years doesn't mean full state pension entitlement years ... see my previous posts.

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[Gina M]

For feck sake Tam, you have kept us all busy today with this NIC stuff

 

[Just smiffy]

Were you contracted out though .... if so your 35 full years doesn't mean full state pension entitlement years ... see my previous posts.

Yes I was contracted out for a while but I’ve still got more then the necessary 35y for a full pension, I have checked…

 

[Grianan]

No, to get the true picture you need to speak to look at it in conjunction with your State Pension forecast, for example my hubby is currently entitled to £159 a week, if he pays another year (ie 2022/23) this will increase to £164 a week, he can however pay for earlier years and get more pension but the maximum he can get by doing so is £199, this means that he could in effect pay for more years than he needs to, he only needs to add an extra 8 years of full contributions to get to his max but he could actually pay for 12+ years.

According to his NI record he has 37 years of full contributions BUT that is misleading as he was contracted out so 'full' doesn't necessarily mean maximum NI contributions which is needed for a 'full' state pension, due to being contracted out he paid a lower NI rate, they are 'full' years in the sense that he made all his required NI contributions at the lower NI rate, but not full as in the non-contracted out rate.

You need to know which years are worth paying and which are in effect dead money, the only way to get this is to speak to a human at the pensions service.

By paying to April 2024 it says I get the maximum. If I only had till 2023 it would be £5 a week less.

 

[Minxy]

Yes I was contracted out for a while but I’ve still got more then the necessary 35y for a full pension, I have checked…

I don't want to seem pedantic but who have you checked with? If it's only the on-line then that shouldn't be relied on.

To give you an example as to why I'm so persistent about this, mine says I have 35 full years but having previously checked with the Pension Service guys (ie a human) I know for a fact that as I was contracted out they do not mean I will get the full amount of state pension, but a reduced version ... this is definitely the case for me and I don't want you to be lulled into a false state of 'security' that you'll get what you think you will.

 

[Onemanandhisdog]

The N.I. site says I have 39 full years, then the Pensions site says

I was planning on doing another 18 months, so should be good.

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