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Can state pension qualifying years be bought while in employment?

2»

Comments

  • AlsioHx
    AlsioHx Posts: 6 Forumite
    edited 29 December 2013 at 11:30AM
    jamesd wrote: »
    MSE calculator[/URL] gives a requirement to live just 4 years and 6 months to get into profit if buying the 2005-6 year and reaching state pension age in April 2029 with 21 years already paid in.

    Sorry yes i get what you mean. You could buy all 5 missing years before pension age and get all of it from the start.
  • JezR
    JezR Posts: 1,699 Forumite
    Part of the Furniture 1,000 Posts
    volpen wrote: »
    I will have to verify with him, as I understand it he was paying Class 2 contributions but not Class 4. He was told at the job centre that he had not paid the "right" national insurance, not that he had not paid any at all. He was paying tax so I assume he was paying national insurance.
    For JSA he would need to have been paying Class 1. However, paying Class 2 would accrue years towards the basic pension but not any second pensions under the current and former systems, although would be counted as full rate towards the new flat pension.
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