Key pension facts

National Insurance (NI)

Tax

NI is a system for funding state benefits – including the State Pension – whereby employees (including the self-employed) and employers pay part of their earnings to the government during their working life.

Broadly speaking, NI contributions (NIC) amount to 9-12% on annual earnings between approximately £8,600 and £50,000 and 2% on earnings higher than that, though the type of employment, age and other factors play a role in determining the exact NIC you need to pay.

We’ll never leave you high and dry

Our customer support team is rated "Excellent" and is always on hand to help you during the setup process and once you have your new pension. There are 3 ways you can contact us:
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Log in to our website and chat to us

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Email us on support@myraindrop.co.uk

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Call us on 02039517253