State Pension and NI: Rules concerning consecutive contribution years explained

State Pension and NI: Rules concerning consecutive contribution years explained

On the other side of this, a person is perfectly entitled to carry on working while receiving state pension at the same time.

This could increase the person’s income levels overall, although they should be aware that state pension could be subject to tax.

People who reach state pension age no longer need to pay national insurance but their state pension will be treated as earned income.

Because of this, it could incur income tax if it pushes the person above the personal allowance levels.

Published at Sun, 03 May 2020 11:54:00 +0000