Reaching State Pension age can bring big financial changes. Most people stop paying National Insurance (NI), even if they continue working, and may be able to claim back overpaid NI or tax.
Even after pension age, you must submit a Self Assessment tax return for any year you work if you are self employed, but NI changes.
“If you’re self-employed, Class 2 contributions no longer count as paid, and Class 4 contributions stop from 6 April after you reach State Pension age,” explains HM Revenue and Customs (HMRC).
Read more here: State Pension Age how to stop paying NI and claim back tax | York Press
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