nSP Nothing if do not meet the 10 years test

greenglide

Under nSP there will be a minimum qualifying period of 10 years contributions otherwise there is no entitlement so you get nothing - similar to the situation before 2010.

So someone with an SPa date of 5/4/2016 and 9 years contributions get 9 / 30 basic which is around £35. Better than a poke in the eye with a sharp stick.

With an SPa date of 6/4/2016 however 9 years contributions gets nothing because the qualifying period hasnt been met.

There would appear to be no transitional protection in place that I can see and no way out.

Harsh?

Thrugelmir

greenglide wrote: »

Harsh?

Against whom?

Linton

Buy another year?

greenglide

Linton wrote: »

Buy another year?

In the situation given you could only buy another year if you had a gap in your contributions recent enough to be allowed to fill it?

Against whom?

I would imagine a person who fell into this category might be less then happy.

The numbers would obviously be small.

The couple of months up to 6/4/2016 should be "interesting" as people find out (too late in many cases) what they really get, providing, of course, that the IT works!

I wonder if the pensions forecasting will be enhanced so that pension schemes can continue to produce combined forecasts of the SP entitlement this year?

JezR

The estimate of the number of people affected by this was estimated 9-12,000 people each year resident in the UK and a slightly lower figure in addition for those living outside the EEA / other bilateral countries. This represents 2-3% of those reaching SPA in the UK but 18-23% outside.

This largely returns matters to be similar but not identical to before 2010.

Thrugelmir

greenglide wrote: »

I would imagine a person who fell into this category might be less then happy.

Why would people fall into this category?

jamesd

Hopefully the person with nine years will have the money to buy another year or the time available to pay voluntary NI or get credits. Transitional protection has been provided by increasing how many years back you can go when buying extra NI years.