NI contributions and pension credit

bommy

I am currently self employed and getting working tax credit, my NI insurance is credited.

I've just done a pension forecast online and they say I need to pay 3 years to top up my NI contributions (about £760)

If I am only getting state pension in a couple of years time and its about £9 less than the full amount won't it be topped up with pension credit?
If so is it pointless paying the extra? Surely I will be out of pocket.

Just trying to work it out.

THanks

EdInvestor

bommy wrote: »

If I am only getting state pension in a couple of years time and its about £9 less than the full amount won't it be topped up with pension credit?
If so is it pointless paying the extra? Surely I will be out of pocket.

If you mean you will have no other pensions or income after state pension age other than the state pension (or part thereof ) then you should indeed be eligible for pension credit ( 124 pounds a week currently vs full basic state pension 90 pounds) and it would not be worth paying the extra years.

seven-day-weekend

However, don't forget that Pension Credit is means-tested, so if you have any other income which will put you over the threshold for Pension Credit, then you won't get it.