Contracted out pension scheme.. can I put extra in to make up the contributions?

Money_saving_maniac

greenglide wrote: »

As has been stated above several times you can pay voluntary contributions after 5/4/2016 which will increase your pension under nSP until you reach the maximum.

If you are still working and paying contributions after 5/4/2016 (contracting out ends then for everyone) each year worked will have the same effect.

It is not "a mess", but lots of people seem determined not to understand anything pension related and seem incapable of reading about it. Do you understand the old system? Why not?

Well I thought I understood the old system. Maybe I just thought I did. I only accidentally found out about the rise to 35 years recently. But then I am one of those women who never has had any communication from HMRC about anything, including the rise in female pension age. Go figure.

But this new system is confusing me like anything.
However in answer to my particular question I rang the HMRC and had a discussion with them.

greenglide

But then I am one of those women who never has had any communication from HMRC about anything, including the rise in female pension age. Go figure.

At the end of the day it is the responsibility of everyone to keep themselves abreast of changes to State Pensions and similar financial matters if they are relying on this as a key source of income.

Unfortunately information from DWP and the press are not always reliable and may not cover everyone's individual circumstances. The information is available but the actual legislation is complex and you have to be able to read this and understand how this relates to the existing system and your circumstances. People who are unable to do this (and they will the huge majority) may need to obtain advice of some kind.