How many stamps & pension advice

MARKBLACK

Hi How can I find out how many NI stamps I have paid into the system and how many do you need for a pension? (it use to be 49)

Plus how do I know if Ive paid into a serps?

Plus can a pension from NI stamps be taken early? or am I not knowing enough about pensions

bigfreddiel

check it out on the gov gateway site - use google to find it - register - youll need your ni no - its quite easy

good luck

fj

xylophone

https://www.gov.uk/state-pension-statement

https://www.gov.uk/state-pension/overview with links to Additional State Pension (Serps/SP2).

http://www.mypensionadvice.com/info.php

But single tier state pension is on its way. (2016?)
http://www.dwp.gov.uk/docs/single-tier-pension.pdf

State pension cannot be taken before state pension age.

SeekTruth

Also consider getting a detailed record of National Insurance contributions, see this link

If you have more than 30 years of contributions then the state pension statement seems to state that you have 30 years contributions (if anybody knows that this is incorrect then I'd be pleased to hear).

jamesd

State pension statement will tell you the total number of years that count.

The HMRC Contracted Out Pensions Helpline can tell you each year you were contracted out and also which pension scheme was getting the money.

You need 30 years to get a full basic state pension under current rules. Under current rules you continue to get more state pension for as long as you are working and below state pension age, this is the Additional State Pension that is earnings-related. A full, maximum possible, state pension is perhaps £250 a week at the moment but few people have enough contributions at a high enough level for enough years to get that much.

Under the proposed new scheme there will be no additional state pension, instead a flat rate of £144 that makes most employees in the new scheme worse off compared to the current one. In this new proposal the minimum number of years to get the full pension is 35 and there is nothing extra added for working more years than that, except for those who were contracted out. Transitional protection will avoid a cut to £144 for those who are entitled to more under current rules, based only on their contributions until the date the new one starts, they then won't get any more state pension added for working after that date.

sleepless_saver

SeekTruth wrote: »

If you have more than 30 years of contributions then the state pension statement seems to state that you have 30 years contributions (if anybody knows that this is incorrect then I'd be pleased to hear).

My (recent) state pension statement told me I had 35 years.