Quick Question - My mother's pension

ptrichardson

Hoping someone can clarify this for me, as I'm hearing different things.

My mother is 54.
She worked for ~2 years after she left school, then she had me.
From then on, any job she had never earned enough to pay any NI.


Could someone tell me what state pension she will get and when she will get it? Doesn't need to be to the penny, just rough numbers.

TIA

Torry_Quine

ptrichardson wrote: »

Hoping someone can clarify this for me, as I'm hearing different things.

My mother is 54.
She worked for ~2 years after she left school, then she had me.
From then on, any job she had never earned enough to pay any NI.


Could someone tell me what state pension she will get and when she will get it? Doesn't need to be to the penny, just rough numbers.

TIA

I think she will get her state pension if entitled at the age of 66. This site should be of help. https://www.gov.uk/calculate-state-pension

When she was at home with you she may have got some NI contributions. Is she married as if she is then at the moment she would be entitled to 60% of the state pension. However things are changing with things like the advent of the new state pension

ptrichardson

Torry_Quine wrote: »

I think she will get her state pension if entitled at the age of 66. This site should be of help. https://www.gov.uk/calculate-state-pension

When she was at home with you she may have got some NI contributions. Is she married as if she is then at the moment she would be entitled to 60% of the state pension. However things are changing with things like the advent of the new state pension

I was under the assumption that she would get the new state pension due to her current age.

I also understand her NI contributions are paid for the first 16 years after I was born? So 18 years in total ??

Torry_Quine

ptrichardson wrote: »

I was under the assumption that she would get the new state pension due to her current age.

I also understand her NI contributions are paid for the first 16 years after I was born? So 18 years in total ??

I don't know quite how the new pension will work which is what I said.;)

xylophone

She can obtain a state pension statement.
https://www.gov.uk/state-pension-statement
See also http://www.dwp.gov.uk/docs/single-tier-pension.pdf
The single tier regime will start in 2016 according to yesterday's budget.

ptrichardson

xylophone wrote: »

She can obtain a state pension statement.
https://www.gov.uk/state-pension-statement
See also http://www.dwp.gov.uk/docs/single-tier-pension.pdf
The single tier regime will start in 2016 according to yesterday's budget.

That's the thing, I did some of the calculatory-type stuff, and its all based on the old scheme.

Does anyone understand the new one?

xylophone

Why not start by ascertaining how many years she has built up so far by getting the pension statement.

Then read the document above.

jamesd

She should get a state pension statement. Then she can probably benefit from voluntarily making contributions for past years. Best to do that as much as possible before the new scheme comes in because the price is due to change and that will probably be a substantial upwards change. She should only buy enough past years so that by buying every year from now onwards she will reach a total of 35 years. If that means she can get to 35 without buying any past years it'll probably be cheaper not to buy past years, just do the future ones required.

atush

GET THE PENSION STATEMENT!

she may well have 21 years, as there used to be 3 years from 16-18 given.

she may be able to buy more years. She may be married and not need to? she may be entitled to other benefits.

ptrichardson

atush wrote: »

GET THE PENSION STATEMENT!

she may well have 21 years, as there used to be 3 years from 16-18 given.

she may be able to buy more years. She may be married and not need to? she may be entitled to other benefits.

Cheers for the advise (a few people have given) to get a pension statement.

Will this show the details of the current scheme though, or the new one? I suspect it won't be the new one, as I don't think its been signed off yet?

jamesd

Just the current one. That will be enough to tell her how many years she has.