Now that the Brexit transition period has ended, you may be worried about when and where you will have to pay National Insurance or social security contributions.
A lot of this will depend on your circumstances and the country you’re working in.
When and Where You Will Pay Social Security/NI Contributions
If you’re from the UK and working within the EU, or in Norway or Switzerland, you’ll only have to pay into one country’s social security system at a time - in the country where the work is taking place. However if you’re a temporary worker in these areas (or in Iceland or Liechtenstein) then there’s the possibility you can get documentation from HMRC to enable you to continue making NI contributions - meaning you won’t pay social security whilst abroad.
Author Bio
Kailey has been writing about personal finance since 2013. She does her best to keep it interesting and jumps at any opportunity to learn something new.
The choice of when you ll start collecting Social Security could be a $100,000 decision, and making the right call requires both a bit of math and a dash of luck. That s because the age at which you begin taking your benefits affects the size of your monthly checks. This, coupled with how long you live, will determine how much you receive from the program overall.
Below, we ll take a look at how this works in practice, and how that can inform your decision about when to file for Social Security.