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State Pension Top-Up Contributions. What if the SP becomes means tested?
Martin has previously recommended topping up missing years to the get the maximum new state pension, which I am due in a couple of years. Having previously not paid the full NIC's I require to pay a couple of voluntary contributions to take my pension to the max. My crystal ball exam questions is: if they future means test…
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Should I buy a partial NI year from 2010/11 if I am only 32 years old?
I have 17 years of NI records, all are full, apart from 2010/11 which is showing as partial. There is a £80 voluntary contribution I can pay to make it a full year. But I plan to be in employment for the next 36 years. Should I pay this? Thank you
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national insurance years
does your last year of national insurance contribution count towards your pension and if not why pay that sum
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Pension Forecast Incorrect
I have just checked my pension forecast on the government website. I stopped working in 1995 when my first child was born and claimed child benefit. I had 2 other children after and was claiming child benefit upto July 2021 however my forecast on the government website says I have only qualifying years upto when i stopped…
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Mum's state pension
My mum is 86 and my stepdad 76. My mum was eligible to draw her state pension age 60 in 1998. However, my stepdad was only 50 at the time and she was told she wouldn't receive her full state pension until her husband retired at 65! So for the next 15 years she got a paltry amount of pension. I think from memory about £5 a…
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State Pension forecast accuracy
Does anyone have an experience of receiving less than the state pension forecast amount?! - particularly if contracted out. I was contracted out for many years but my state forecast still shows I will receive maximum if I make 1 more year of contributions- 34 currently with 1 more year to 35. I am still 10 years from state…
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Married woman reached state pension age before 06 April 1950
A married woman reach state pension age before 05 April 2016 (old state pension rules apply) but was a homemaker and did not work. Her husband reached state pension age after 06 April 2016 (new state pension rules apply) and paid sufficient NI contributions to get a pension but not eligible for full state pension. Is there…
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Worth buying missing NI years to boost state pension if Labour are going to means test it?
Hello All, I've read online that the new government may well look into means testing the state pension. Obviously I don't believe everything I read online but as my husband was about to buy some of his missing national insurance years at a cost of several thousand pounds to boost his state pension, as recommended by…
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18 digit number
My son lives abroad but has some savings in the UK. He wants to use these to buy some class 2 years. I have POA so can access the funds. We have already paid for some years using the 18 digit number provided by DWP. My question is can I use this number again for a further payment? Obviously I have looked on the gov.uk…
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Voluntary NI retrospective 'deadline extension': not applicable for Class 2 contributions?
My wife has been receiving her state pension for just over 2 years. She recently received her DWP letter setting out details of her four ‘missing’ years which could be covered by voluntary contributions, in order to increase her pension to the maximum rate. She then rang the HMRC NI helpline to get the famous 18-digit…
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NI Record - Part Years but which part
Records show I have a couple of part year contributions. I would be interested in topping up these years but how do I find out if part is 1 month, 11 months etc? Online DWP records do not provide this detail. I see that I can request a statement from HMRC for specified years - does this provide the detail?
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Is it advisable to pay NI contributions for pension shortfall in instalments?
As explained in my previous thread "Would you pay £800 to get an extra year to make up for State Pension?", one of my shortfall years requires that I pay exactly £775.65. Although I do have the money, I also would like to pay in instalments if possible. And here comes the confusion. I asked the operator on the HMRC…
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Finished work before retirement age
Hi. My husband stopped work at the age of 59 when we moved area. He is now 65 and will be eligible for state pension at 66. His pension forecast says he will receive his state pension at 66 and can not now increase the amount he will receive. However, his account also shows that he has three payable gaps for 2020-21,…
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Would you pay £800 to get an extra year to make up for State Pension?
Hi, I am in my mid 50s and have still many years to go for state pensions. I have checked the Future Pension site and I can make up for 3 more years. Two of these years would cost me less than ̣£100 to pay but one year is almost £800 (45 weeks of missing contributions). I have called the HMRC helpline and I was told I can…
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Pensions and Repaying Student Loan
Hiya - this may be a bit niche and possibly in the wrong place ... I'm 63 and due to get my state pension in 2027. I am currently 2 years away from completing an OU degree and have had/am getting student loans to pay tuition fees under Plan 2. My current sole income is a private pension of £15,290 a year and my current…
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State Pension.
Hi I am living in Egypt. I get my state pension into my Nationwide account every 4 weeks. It was due Monday 1 May, and has still not been sent. Just wondering if anyone knows is it because of the bank holidays, Coronation? Thanks
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NI contribution’s not allocated, any advice please.
My sister in law phoned HMRC to check for missing years. She was told how many years were missing and the amount required to pay. On reflection and a dig around in old paperwork she found receipts for the NI contribution’s which she HAD paid, in cash, via the post office, (roughly about 12yrs worth). After calling HMRC…
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HMRC contradict MSE - UK Pension - Voluntary NIC payments
MSE has published a guide on this topic. You'll find it via the menu under Banking & Savings, then Pensions & Investing. I read it and thought....OK, I have gaps in my NIC record so it seems that I can still pay to close them for years as far back as 2006. So....I wrote to HMRC asking for confirmation of the years I can…
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topping up years after 2016
Hi i have just checked my national insurance record and i am missing 2 years 2021-2022 and 2022-2023.it is obvious that topping up would be beneficial but i am not sure when the optimum time would be to do this. will the price of the top up go up the nearer i get to 2027 or should i top up now.
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Warning about Missing National Insurance Credits
There is a known issue with missing National Insurance credits for people who were migrated from Incapacity benefit to Contribution based ESA. My NI record was missing 10 yrs which has obviously affected my Pension forecast. GOV. UK website says they are awarded automatically but when the mass migration happened in 2013 a…
