I am under retirement age but not in employment. All my income comes from investments and a let property. Do I have to register to pay national insurance on any of my income?
You don’t have to pay national insurance (NI) on your savings or rental income, but you will have to complete a tax return to report your rental income to the Tax Office. However, you should consider whether you have paid NI for enough complete tax years throughout your working life so far to qualify for the full state pension. If you will reach state pension age after 6 April 2010 you will only need 30 qualifying years in which you paid sufficient NI, to get the full state pension. You will also get NI credits for periods you were not in work such as a carer for a young child or disabled person. You may want to pay voluntary Class 3 NI to top up your number of qualifying years to 30.
