We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Contracted out and HRP
gadgetmind
Posts: 11,130 Forumite
My wife contracted out of SERPs from the early 90s until 2005 ish but only actually worked for three years or so in the early 90s. The rest of the time, she was bringing up daughter, so on Home Responsibilities Protection.
I have a nagging fear that HMG are going to calculate the foundation amount for flat rate state pension based on contracted out deductions and ignore the fact that for most of these she wasn't working.
Thoughts?
I have a nagging fear that HMG are going to calculate the foundation amount for flat rate state pension based on contracted out deductions and ignore the fact that for most of these she wasn't working.
Thoughts?
I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
0
Comments
-
Contracting out is based on class 1 NI paid. If no class 1 then no rebate. it would be based on years. So, she only had around 3 years out.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
-
Well, here's hoping!
Between the starter years, working years, HRP and a few years of class 2, she's at 29 years already. As long as there is no deduction, she's doing well!I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
So get a statement of contributions from HMRC?
Also it will show on a pension forecast as the HRP years will only count as qualifying years if the HRP was awarded.0 -
Is this a more detailed statement than the usual one that you can get online? Do you have to call them to get this one?I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
You fill an online request and they post you the results.
You can specify what aspect you are concerned about which produces different formats of outputs.0 -
Thanks.
I'd like to see the full data dump for my+wife so will try and generate a request that generates this.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
You can ask HMRC for a data protection print from NPS (what used to be NIRS2.
Should be worth a huge mountain of paper. I think you have to write in for this. People in the know did this when NIRS2 was being built and everyone knew it was going to fail so this was protection against their contributions being lost!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards