Another SERPS question about contracted out FS pension

Ainsley1

Can anyone outline what I ought to expect from the state pension or how to find out for the situation outlined below?

A number of years ago I was contracted out within a final salary scheme and then changed employers. I got a rebate of my contributions to help with a house deposit [but have been contracted out for the rest of my working life in FS schemes so feel quite lucky compared to some].

I now get a small pension from that ex-employer and will shortly become a state pensioner (early 2016 being then 65) so I think I will just miss out on the new flat rate.

Will the period for which I had a refund count towards my state pension or how can I find out?

PeacefulWaters

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

greenglide

have been contracted out for the rest of my working life in FS schemes so feel quite lucky

If you have, indeed, been contracted for all of your working life then you would have little AP from S2P / SERPS and potentially a small amount of GRAD.

Your new State Pension, when calculated under the new rules, would have a significant Rebate Derived Amount and under the old rules would be a little over the basic amount of, currently £113.

When you had the refund of contributions you should have been bought back into the state scheme but the benefit of that would be very small.

Ainsley1

Thanks both statement now received and yes, I have a little over basic...almost enough to buy fish 'n' chips every week.

With the benefit of hindsight I was better getting the rebate of contributions! Wouldn't have thought so at the time but the money was needed, so a winner(ish) all round.