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National Insurance Contributions

Comment 12th July 2010

To scrap the 3rd Class Insurance Contributions for Expats working overseas and replace with the 1st class contribution.

I am now 2 years into a five year overseas contract in the Middle East, hence I pay no tax to any country and only 3rd class contributions; 33 sterling, a month. Whereas before, in the UK, I was paying 350 sterling a month.

Yet with only paying 3rd class I still am entitled to the maximum retirement pension and use of my local surgery when on leave. NB My company provides, full medical coverage for myself and family whilst in the Middle East and in the UK

 

Why does this matter?

Take 3600 sterling a year  by the number of expats in the overseas assignments and that will help to fund the old age pension.

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