Like many, I pay myself the maximum salary from my limited company each year, without getting above the threshold for NI or PAYE. The rest I pay myself in dividends. A standard system.
My accountant assures me that this entitles me to the state pension in the future, despite not paying any NI or PAYE at all.
Listening to discussions on radio 4 about the new system there were regular mentions of the importance "to have made NI contributions for over 30 years" etc etc.
Is my accountant correct?
TY!
My accountant assures me that this entitles me to the state pension in the future, despite not paying any NI or PAYE at all.
Listening to discussions on radio 4 about the new system there were regular mentions of the importance "to have made NI contributions for over 30 years" etc etc.
Is my accountant correct?
TY!