Dr Strangelove
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I worked for even less in the UK and I was allowed to make Class 3 contributions.
I doubt you were paying NI contributions when on a bursary though.
I worked for even less in the UK and I was allowed to make Class 3 contributions.My case isn't straightforward as I worked for approximately 17 months full time in the UK from August 2002 until December 2003. I then studied in the UK for a year and was paid a bursary of £600 a month as the profession I was studying for at the time was in short supply in the UK.
Oh that sounds promising! Fingers crossed so. Thanks a millI worked for even less in the UK and I was allowed to make Class 3 contributions.
I doubt you were paying NI contributions when on a bursary though.
Great thanks so much for your reply @ZizigirlI worked for less than two years but it did span over three tax years which seems to be similar to you. I studied also and was allocated extra years so my record showed 5 years and so far I’ve topped that up to 20 years with class 2. Get the NI number and create a MyGov account and see how many years you have there first!
It would appear there is a time lag of 6 months or more in getting the money allocated to the appropriate years and reflected on line at the moment (I've been waiting since March!). If you are concerned you could always call the number (approx 30 min wait time) to have receipt of your payment confirmed, or write a follow up letter detailing your payment and what years you would like to allocate the money to (but equally the lead time for reply to such letters is showing 1 year on line). Good luckHi, I sent in the money to buy back years last week on Monday, I looked online today and no sign of anything. Is it in the 'check progress' section that you would see it?? Am I expecting too much to expect it to be there this soon? I sent it by bank transfer.
Any advice appreciated
I sent the payment by bank transfer on 5th March and the record was updated yesterday, 20th August. I only ever checked the in progress section when I sent over the application form and was waiting anxiously for it to be processed. I know other people on this thread have phoned them a week after sending the money just to check they have received it.Thanks for your reply. I had hoped it would be sooner. Am I correct that it will appear online in the ‘ check progress’ section???
I’ll give it till next week and then phone
Thanks again
I phoned them to allocate the years a couple of days before sending the money but other people have done it afterwards so either way seems to work.Thanks. That took quite a while. I may phone in a few days
Once you saw it in the in progress section did you phone them to allocate the years?
HiI did it online but from my own BOI account with the info in the letter. Although their account is sterling, you have to add extra to cover all the fees. I think I added an extra 30. I had to set them up as a Payee and wait 48 hours before i could pay as sum was over 1000.
Good luck
Hi DannyboyD,Summary
If you lived in the UK for at least three years and worked there for at least some of this time.
You can make backdated contributions of National Insurance for up to 18 years which will cost you either £163 for each year purchased or £824 for each year purchased.
The UK state pension is £185 a week or £9,620 a year - and increases every year.
Each year purchased entitles you to an extra 1/35th of the UK State pension or an extra £185 a year.
Yes, that is right. For a once off payment of £163 or £824 now, you could get an extra £185 every year after retirement.
And you can continue making contributions up to retirement age.