New State Pension Guide

xylophone

I have made 41 years of NI contributions & according to the gov pension forecast I still need to make contributions for another 3 years to get my full state pension entitlement.

On 6/4/16, two calculations were done to establish your "starting amount"/"foundation amount" for NSP. It was the higher of

Old Rules Amount

Full basic  of £119.30 (because you had at least 30 years NI) + (Additional State Pension - Deduction for Contracting Out).

New Rules Amount

Full NSP of £155.65 (because you had at least 35 years NI) - Contracted Out Pension Equivalent.

Your starting amount was lower than a full NSP - you had a number of years to go before you reached SPA and therefore contributions or credits after 6/4/16 would enable you to reach an amount equal to (but not in excess of) a full NSP

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/210299/single-tier-valuation-contracting-out.pdf

youth_leader

Hello I'm applying for Foreign Birth Registration and need to send them various original documents - and it will take up to two years to process. 

I will be eligible for my State Pension in April.  Does anyone here know what documents I might need please?  

p00hsticks

youth_leader said:

Hello I'm applying for Foreign Birth Registration and need to send them various original documents - and it will take up to two years to process. 

I will be eligible for my State Pension in April.  Does anyone here know what documents I might need please?  

Assuming that DWP are aware of your existence and that you are entitled to a state pension, I don't believe you need any documentation - DWP will automatically identify from your NI records that you are approaching state pension age and write to you shortly with a code inviting you to submit a claim online.
Get your State Pension - GOV.UK (www.gov.uk)

All you seem to need to provide is details of the bank account that you want the pension to be paid into and dates of any marriages, divorces or time working abroad.   

eastcorkram

p00hsticks said:

youth_leader said:

Hello I'm applying for Foreign Birth Registration and need to send them various original documents - and it will take up to two years to process. 

I will be eligible for my State Pension in April.  Does anyone here know what documents I might need please?  

Assuming that DWP are aware of your existence and that you are entitled to a state pension, I don't believe you need any documentation - DWP will automatically identify from your NI records that you are approaching state pension age and write to you shortly with a code inviting you to submit a claim online.
Get your State Pension - GOV.UK (www.gov.uk)

All you seem to need to provide is details of the bank account that you want the pension to be paid into and dates of any marriages, divorces or time working abroad.   

Is there a relevance regarding the marriage thing? Presume there must be or they wouldn't ask. Technically I'm married , but have been judicially separated for 15 years. Just neither of us have bothered to take that to divorce. 

p00hsticks

eastcorkram said:

p00hsticks said:

youth_leader said:

Hello I'm applying for Foreign Birth Registration and need to send them various original documents - and it will take up to two years to process. 

I will be eligible for my State Pension in April.  Does anyone here know what documents I might need please?  

Assuming that DWP are aware of your existence and that you are entitled to a state pension, I don't believe you need any documentation - DWP will automatically identify from your NI records that you are approaching state pension age and write to you shortly with a code inviting you to submit a claim online.
Get your State Pension - GOV.UK (www.gov.uk)

All you seem to need to provide is details of the bank account that you want the pension to be paid into and dates of any marriages, divorces or time working abroad.   

Is there a relevance regarding the marriage thing? Presume there must be or they wouldn't ask. Technically I'm married , but have been judicially separated for 15 years. Just neither of us have bothered to take that to divorce. 

I suspect it may be related to the various circumstances under which a spouse, civil partner or ex-partner can claim an increase in their own state pension as a result of their partners NI record.... a lot of the rules depend on whether the marriage took place before or after the introduction if the new State Pension in April 2016. I don't know what the stance on a juducial separation is.

https://www.gov.uk/new-state-pension/inheriting-or-increasing-state-pension-from-a-spouse-or-civil-partner

VXman

The current maximum state pension according to https://www.gov.uk/new-state-pension/what-youll-get is £185. Presumably this is for non contracted out people.

As I have a teachers pension I assume I was contracted out for most of my working life?

So does that mean I cannot get £185? What would be my maximum (assuming full NI contributions) 

My forecast says I would currently get £155 as I am 6 years short and my maximum is £185. I am confused by that maximum as being contracted out I thought it would be less than that.

I'm currently 60 and will be collecting my state pension at 67. Just trying to decide on whether to by missed years or not, hence the reason for my questions.

GunJack

You had a starting amount of new state pension calculated at the changeover in 2016 based on NI record at that point which took into account contracting out. If you had 30+ years of NI by then you need post-2016 years to improve your pension amount. These can be from employment or by paying for voluntary NI years. Your forecast on gov.uk will show your NI record so you can act accordingly.

Do not worry about being contracted out, as you are under the transitional rules for those of us who started working before 2016, you are a winner in that you can improve your pension to the new max with enough NI conts.

p00hsticks

VXman said:

The current maximum state pension according to https://www.gov.uk/new-state-pension/what-youll-get is £185. Presumably this is for non contracted out people.

As I have a teachers pension I assume I was contracted out for most of my working life?

So does that mean I cannot get £185? What would be my maximum (assuming full NI contributions) 

My forecast says I would currently get £155 as I am 6 years short and my maximum is £185. I am confused by that maximum as being contracted out I thought it would be less than that.

I'm currently 60 and will be collecting my state pension at 67. Just trying to decide on whether to by missed years or not, hence the reason for my questions.

Contreacting in and out finished with the introduction of the new State Pension in April 2016. If you had at least 30 years NI prior to that point you would have been entiledl to at least £141.35 (the current basic state pension amount) under the old rules, and if that amount was  higher than the equivalent calculation under the new rules this would have become your 'starting amount' in April 2016.

Every NI year earned/creditted/bought since then adds 1/35th (£5.29) of the new State Pension amount to that amount until you reach the maximum £185.15 or the tax year in whcih your State Pension age occurs, whichever is sooner.

So yes, it is perfectly possible to be contracted out your whole life and still get the new maximum, providing there are enough years between 2016 and your SPA, although you are likely to need more than the 35 year headline figure (that applies only to those starting their working lives in 2016 or later)

Silvertabby

VXman said:

The current maximum state pension according to https://www.gov.uk/new-state-pension/what-youll-get is £185. Presumably this is for non contracted out people.

As I have a teachers pension I assume I was contracted out for most of my working life?

So does that mean I cannot get £185? What would be my maximum (assuming full NI contributions) 

My forecast says I would currently get £155 as I am 6 years short and my maximum is £185. I am confused by that maximum as being contracted out I thought it would be less than that.

I'm currently 60 and will be collecting my state pension at 67. Just trying to decide on whether to by missed years or not, hence the reason for my questions.

Similar situation to me.  I retired at 60, having been contracted out for the maximum 38 years (1978 to 2016).  I then opted to pay 4 years of voluntary Class 3 NI which took me to the maximum £185.15 per week.

It took me 48 years of NI to get there (44 from working, 4 from voluntary contributions) but I consider myself to be one of the winners under the new scheme.  Had it not changed, my State pension would have been, at the most, £160 per week (bit of pre 1975 graduated pension plus a bit of extra post 2002 SP2 for the few years I worked part time).

cwoodward659_googlemail

Im 45 so due to hit retirement age in 2042.  My question is, will there still be a state pension when my retirement comes around?  I've always worked full time so always paid my national insurance.