Change in work hours and state pension

angelicmandy

I'm 41 and have always worked full time. My gross annual salary is just over £16 1/2 k. Ive changed my hours am now working 27 per week. This may be a stupid question but can anyone tell me if this will have any effect on whether I can still pick up a full state pension when I eventually retire based on current pension rules. I am paying into a works pension but don't think that will amount to much when I need it😊 many thanks

molerat

As long as you are earning over £112 per week you will be credited with NI, above £155 per week you will have NI deducted both of which are full contributions to your state pension.

xylophone

See http://taxaid.org.uk/guides/information/an-introduction-to-income-tax-national-insurance-and-tax-credits/national-insurance/national-insurance-for-employees-and-employers/national-insurance-thresholds

p00hsticks

Assuming this is in a single job, you'll be earning over the Lower Earning Limit for NI each week so enough to count as an 'NI qualifying year' towards your state pension.

You can apply to get details of your years so far here
https://www.gov.uk/check-national-insurance-record

Those near the start of their working life need 35 such years to get the full new State Pension (currently £155.65 a week).

As you are older then you might have already built up more or less under the old pension rules - you can get a statement that will show what you have built up so far here
https://www.gov.uk/check-state-pension

angelicmandy

Thanks all, that is actually simpler to understand than I thought��. P00hsticks if my record showed I hadn't built enough up could I top it up or can you only top up particular years by a certain date do you know ?

angelicmandy

Sorry, also after the 35 years what happens as regards in contributions if you have already paid in enough to get the max ? Thank you

molerat

You can top up missing 2006/07 - 2015/16 years up until Apr 2023 (up until Apr 2019 at special rates), missing post 2016 years for 2 years after the end of the year. After the full amount is reached you keep on paying up until SPA with no further pension accruing.

saver861

angelicmandy wrote: »

Sorry, also after the 35 years what happens as regards in contributions if you have already paid in enough to get the max ? Thank you

As Molerat says, you keep paying but there is no further advantage to your pension.

Everybody has to pay NI at the full rate while working, up to state pension age. After your state pension age, you can continue to work but you don't pay NI. Some will have over 45 years but still will only get the same as someone with 35 years.

angelicmandy

Thanks everyone, the clear info has really helped