New flat rate state pension April 2016 - Actual Amounts

Suiggi_2

I received a letter10 days ago saying my pension from 6th of july would be £136.97
When I claimed my state pension in march by telephone I was told it was £146.75 and I received a letter five days later confirming this as an actual amount
I rang the pensions department to claim an extra years ni credit for 2015/2016 and now my pension has been reduced to £136.97 you can imagine my disappointment
I have 34 years ni contributions and cope amount from an old forecast of 28.66 what should I do
Good morning to everone

greenglide

I received a letter five days later confirming this as an actual amount

So is this an "entitlement notice" giving a breakdown of how the amount is made up? These days it will only have one component - the nSP amount , unless you have a "Protected Payment" which clearly you havent.

my pension has been reduced to £136.97

Was this a further entitlement notice giving you a amended award - in this case reducing?

You dont need to "to claim an extra years ni credit for 2015/2016" - this happens automatically.

Maybe your contributions history has changed in some way and years they thought you accumulated have been removed for some reason.

You obviously need to query this.

bigfreddiel

And another bonus of working on after sp age is you pay no NI.

In fact even if you earn the money while below sp age and get the actual payment after you reach sp age you pay no NI - nice innit! fj

gadgetmind

bigfreddiel wrote: »

And another bonus of working on after sp age is you pay no NI.

And you can boost your earnings by banging them into a pension. As long as everything is below personal allowance, you get 25% extra.

bigfreddiel

gadgetmind wrote: »

And you can boost your earnings by banging them into a pension. As long as everything is below personal allowance, you get 25% extra.

I may do that because I'm creeping into 40% territory!

gadgetmind

Worth doing if you'd be paying 40% and will only pay 20% on way out, worth doing if you'd be paying 20% and will only pay 0% on way out, and well worth doing if you'd be paying 0% on way in and out but you get tax relief anyway.

bigfreddiel

Depends on my part time job, it may end soon, but if not I'll decide next Feb/mar depending on my tax position.

fj