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    • banjodog
    • By banjodog 20th Mar 17, 3:49 PM
    • 21Posts
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    banjodog
    State pension calculation
    • #1
    • 20th Mar 17, 3:49 PM
    State pension calculation 20th Mar 17 at 3:49 PM
    My wife and I are a bit confused about the state pension calculation shown on the new HMRC Tax Account page https://www.tax.service.gov.uk/check-your-state-pension/account


    Our accounts show that we both have over 35 years of full NI contributions. My COPE is £53.49 a week. My wife's COPE is 64.71 per week


    Yet my estimated state pension is £172 a week, where as my wife's is £130.


    Why the big difference? I will retire in 2022, my wife in 2021







Page 1
    • molerat
    • By molerat 20th Mar 17, 4:21 PM
    • 15,989 Posts
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    molerat
    • #2
    • 20th Mar 17, 4:21 PM
    • #2
    • 20th Mar 17, 4:21 PM
    You will have a higher S2P amount than her. The COPE is only relevant in calculating the April 2016 starting amount.
    155.65-53.49=£102.16
    155.65-64.71=£90.94
    In both your cases that starting amount is based on the old 30 yr calculation as it is higher.

    On a positive note your wife will be able to increase her pension going forward by up to another £22.25 depending on her retirement date whilst yours has reached its limit no matter how much NI you pay.
    Last edited by molerat; 20-03-2017 at 4:29 PM.
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