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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…
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Self employed. 2023/4 tax year. Correct way to pay NI for state pension credit?
In previous years I have paid class 2 NI, sometimes compulsory, sometimes voluntary depending on profit. It all went a bit wrong last year when there was a system problem and my NI for last year did not show on my NI record. Now finally resolved after much complaining. So I understand things are changing from the 2023/4…
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Buying Missing NI Years
Following Martin's recent reminder, had a look at my wifes NI record and found some gaps from 2006/07 to 2012/13. Call HMRC and was told that we can buy the missing years but it won't affect the pension that she is already receiving. That's not what we understood from Martin's explanation
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Small shortfall in Pension Benefit...
My pension is due in 2029 but I am now retired. My maximum pension is £221.20 per week and my current estimate is £218.71 per week. I am 62 and have full national insurance payments paid but was opted out by my company Royal Mail. My question is how do I make up this small shortfall if possible. Many thanks
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Child Benefit and Pension Credits
Hi All - I need some help as this is all quite confusing My wife and I have three kids, all which recieve child benefit. I work and my wife didnt when the kids were small so she hasnt racked up any NI contributions from this period. The benefit was claimed in my name as I didnt know this would impact her contributions. We…
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Why paying for gabs in NI years if I can get the same amount with Pension Credit?
Hi, I am reaching the State Pension age in about six months, and
my forecast State Pension is about £82 a week (13 full years). I have the
option to pay for another 12 gab years, about £10,000, to get my State Pension
to about £160 a week. I just wonder if it is worth to pay this huge amount of money,
while I can get…
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National Insurance years for pension
I've been keeping a check on when I need to pay missing years, was at 34 years had 1 year to go!! Now apparently? I have 2 years to go to get full pension?? Have they extended the amount of years needed in line with the extended year to claim? why are they not stating your years that are complete?
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How to calculate NI contribution top up to get full pension
Currently my wife gets less than the full weekly amount for state pension, but has a number of missing years. The HMRC site tells us how may years she can top up, and the amount, but not how much each year would add to her weekly amount. Where can I get the information to help calculate how many years are required to top…
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how much time to allow DWP to investigate?
Hi all, I have been claiming new state pensions for almost 4 years now. I was living and working abroad for many years including 2006 to 2019 when I returned to the UK. When I got my pension forecast it naturally said "year is not full for those days". I regret I did not check the details as it was rather obvious to me. I…
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Worth paying missing years?
Hi, Attempted calling the Future Pen Cen for advice but no luck getting through. Forecast states if I pay 13 more qualifying years until April 2040 I will qualify for full state pension. I had a a spell outside country from 2005-2010 in the Republic of Ireland so have 4 missing years contributions for this period. If I was…
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Buying National Insurance years
Hello My query concerns paying Class 3 voluntary contributions to purchase additional national insurance years I have just reached the state retirement age and do not receive the full state pension because for most of my working life I was contracted out of SERPS. . Since I have already reached the State Retirement Age I…
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Who can give me a definitive statement on my NI contributions
I'm 71 so already retired. When I reached 65 I was convinced I had a full 35 years - made up of 21 paid in the UK and 14 paid in Australia. My understanding is that the UK had a reciprocal agreement with Australia until 2000/2001. Since my 14 years were just before this deadline I've assumed they're included in my pension…
