Search results

Last time I heard of anyone deferring taking the state pension, their returns were quite good. Ok you'll be drawing it for a shorter time, and if you die early then you've lost out, but as others have said if it stops you going into a 40% tax then could be worth it. Likewise if you are short...

Yes, I forgot about that! Another rather illogical benefit that will no doubt be looked at. I was thinking about my situation, where having retired early, my personal pension is not subject to NIC.

There has always been an allowance before you start to pay NIC. Therefore some of his earned income has alway been tax free and NIC free, so he hasn;'t paid tax on all his NIC!

There is a threshold at which NI contributions start (£242 a week?). Therefore about £11.5 k of income isn't taxed or any NI paid on it. Also , NI isn't payable on pension income!