We are accountants and tax advisers, and we do not get involved in pension matters. However, this is what we know about the interaction between National Insurance Contributions and the UK State Pension.
If you are following our recommended director shareholder payments pattern, then your salary should be high enough to give you a National Insurance credit, even though you don’t pay Class 1 National Insurance.
A full year at this level is a “qualifying year”. This page https://www.gov.uk/state-pension/eligibility used to say:
“You might not pay National Insurance Contributions because you’re earning less …
Business owners need to spend time working “on” the business as well as “in” the business!
Time management is about managing tasks and not about managing time. Get things done!
Helping your business with the annual returns and keeping you on the right side of HMRC and Companies House!