Simple way older people planning to stay in work after reaching State Pension age can boost wages
Nearly 12.7million people across Great Britain are of State Pension age and receiving weekly payments of up to £221.20 each week. Those reaching the official age of retirement, currently 66 for both men and women, can stop working and claim their State Pension , defer claiming it or continue working and also claim it.
Guidance on GOV.UK explains how the whole process of removing NICs from your pay works if you are an employee or self-employed. Top Money Stories Today How to stop paying National Insurance The guidance states that if you continue working, you need to show your employer proof of your age to make sure you stop paying National Insurance - this can be done with a birth certificate or passport.
Full details on how to stop paying National Insurance from 66 and tax breaks available for people over State Pension age can be found on GOV.UK here.To receive the full New State Pension you need to have paid around 35 years' worth of National Insurance Contributions, but you may need more if you were 'contracted out' - find out more here.
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