| HMRC are reminding
employers to take care when deciding
whether or not their employees need to pay
national insurance contributions (NICs).
Employees do not need to pay NICs on
reaching State Pension age (SPa). Some
payroll software warns employers as women
approach age 60 to check their national
insurance status as previously women would
have been exempt from the employee
contribution from age 60. This warning may
now be being issued too early. As a
result of changes brought in by the 1995
Pensions Act, from 6 April 2010 the age at
which women reach SPa will gradually rise
to become the same as it is for men of
65. The change is being phased in between
6 April 2010 and 6 April 2020 on a sliding
scale, and will affect women born between
6 April 1950 and 5 April 1955. All women
born on or after 6 April 1955 will reach
SPa at age 65.
For more information see the latest
Employer Bulletin and for a look up table
of dates see appendix C following the link
below.
Internet links:
Employer Bulletin
DWP report |
