State Pension For Married Women

CIS

It certainly did, any eligible children, ie those after 5/4/1979, would accrue HRP for the child benefit holder, if they where 16 before 5/4/1979, then they couldn't accrue even 1 yr of HRP.

Child 1 would accrue HRP from 6/4/1978 to 5/4/1990 and child 2 from 6/4/1979 to 5/4/1994, a total of 16 tax yrs. Its probable that for part of the period , you either had a married womans election (small stamp) and/or accrued some qualifying yr, both of these take precedent over any HRP on an account.

keaskin

thanks for info cis
more confused now

i have just done a new forcast on line and now they say i have 5 qualifying years giving me 0% of state pension ,

in the section what there records show it says my right to pay reduced rate national insurance ended on 5-4-1980 and i have been awarded 14 years home responsibilities protection.
in the next section it again says only 5 years qualifying and i will not get any state pension.

have the rules changed since a day as i recievd forcast in january 2005 saying i would get £ 31.84 basic state pension.

seven-day-weekend

On my State Pension Forecast, it says I have additional pension of £4.95, less contracted-out dedeuction of £1.54, making total payable by the State of £3.41. Is this my SERPS?

I also have 25 years qualifying years and 13 years of HRP.

This leaves me needing to pay one more year of contributions, which I need to do before 2009.

Now my question is, why haven't I got all this SERPS that others are referring to? Is it because from late 1979 to early 1996 I was either not working (5years) at university (2 years) or earning too little to pay contributions, and therefore either having contributions credited or being protected by HRP? In other words, is it because during that time I wasn't earning enough?

Understand most of it, just not the SERPS bit.

CIS

The forecast would most likely have been a predicted value - they do this to demonstarte what a person could get , if they started accruing qualifying yrs.

They do it so that people can see what they could get and hopefully try and facilitate it., not always possible though.

what was your date of birth ?, and I'll try and run through a few figures with you.

Feel free to PM me if you'd rather discuss it privately.

CIS

Now my question is, why haven't I got all this SERPS that others are referring to? Is it because from late 1979 to early 1996 I was either not working (5years) at university (2 years) or earning too little to pay contributions, and therefore either having contributions credited or being protected by HRP? In other words, is it because during that time I wasn't earning enough?

Understand most of it, just not the SERPS bit.

Basically yes, you weren't earning enough to qualify for much - SERPS was paid based on the amount you earned over the NI lower earnings level (the earnings level at which NI became due) , revalued and adjusted to take in to account annual revaluation rates and date of retirement.

No NI credits of any form counted towards SERP's (except the old family credit), Class 2and 3 NI didn't either. (and still dont)

seven-day-weekend

Thanks CIS, understand now. Fair enough, I wasn't paying in, so I don't get as much out!

I understand that voluntary contributions don't count for SERPS. I've paid one year, and as stated above, need to pay another year. However, I cancelled my direct debit as I may yet do a years work before I hit 60 (if not I'll pay the voluntary ones).

seven-day-weekend

Sorry, I do have one more question about SERPS. On my husband's pension forecast, he does not have loads of SERPS either and yet he has always worked apart from four years at University (1979-1983). On his Pension Forecast it says he has £35.21 Total Additional Pension, less Contracted Out Deduction of £32.88, leaving a total payable by the State of £2.33.

Is this to do with his Teachers Pension? (which he is now receiving, having taken early retirement - he is now 56). Does it mean that if he didn't have his Teachers Pension he would get £35.21 more State Pension?

margaretclare

Now my question is, why haven't I got all this SERPS that others are referring to? Is it because from late 1979 to early 1996 I was either not working (5 years) at university (2 years) or earning too little to pay contributions, and therefore either having contributions credited or being protected by HRP? In other words, is it because during that time I wasn't earning enough?

Yes, that likely is the case.

About your husband - because he was in the teachers' pension scheme he was opted -out and therefore did not accrue SERPS.

Anyone who wasn't opted-out, who earned a decent wage (there was a minimum, don't ask me what it was!) built up an entitlement to SERPS/S2P. If they were in an employment pension scheme they were opted out but built up their pension entitlement that way.

To illustrate, this is the case with my DH and me. He was never opted out so he built up his SERPS entitlement which, with his basic SRP, gives him £166.91 a week. I was opted out for most of my working life, into the NHS scheme so I only get a small amount of SERPS, for the years after 1978 that I wasn't in the NHS scheme, mostly the 1990s.

You either get SERPS if you weren't opted out, or an employment pension if you were. You don't get both.

Margaret Clare

seven-day-weekend

Thanks Margaret Claire....understand now.

His Teacher's Pension and my Local Government Pension (when I get it!) are both better than what we would have had in SERPS. I wasn't grumbling - just enquiring!

CIS

Margaret Clare is spot on,the SERPS and the contracted out deduction part can be confusing, even when your used to working with it.

The only issue with it comes when some people find the COD is worth more than the scheme they paid in to instead of SERPS.