Voluntary ni contributions, pay previous years or both?

gterr

greenglide wrote: »

It is my belief that further class 2 contributions would, indeed, "see off" some (or all) of the contracted out penalties.

I have also been told that class 3 contributions do not have this value as once you reached the 35 years you couldnt make any more even though some of the 35 years were contracted out.

Do you have a current pension forecast? If you have already reached £145 or so the rebate derived amount is irrelevant although it is unlikely that you will have reached this with a combination of contracting out and self employment.

Thanks. Pension forecast from Jan 2013 estimated SP of £108.16, based on 35 qualifying years worth £107.45 pw plus Additional SP/Graduated Retirement Benefit of £0.71 pw. There is a warning given below this that the actual amount could be lower than in the statement if I was contracted out at any time, which I was.