From: "Andy Pandy" 
Newsgroups: uk.finance
Subject: Re: NI payments for non-employed
Date: Mon, 30 May 2005 20:48:04 +0100


"Brian"  wrote in message
news:d7flv7$b9i$1@nwrdmz02.dmz.ncs.ea.ibs-infra.bt.com...
> Hi
>
> Supposing I was to live on my savings for a year or two - resign from work,
> put my feet up, and so on. I'd intend to return to work one day.
>
> I wouldn't have to pay tax because, living off my savings, I'd have no
> incoming. But I presume that I'd still have to pay National Insurance...?
> How would I go about paying this?

You wouldn't *have* to pay NI, but it might be an idea to pay voluntary
contributions (IIRC about £7 a week) to build qualifying years for the basic
state pension. Whether you should do this or not depends on a myriad of things.

> What would my "status" be described as? I'd be unemployed but I wouldn't be
> looking for work or claiming anything from the government.

Idle rich? Or perhaps just idle :-)

--
Andy