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43 years NI contributions but still need to contribute
realaledrinker
Posts: 1,661 Forumite
Hi
I'm 61 and have 43 full years contributions. At the moment I am contracting and also get a smallish contributory pension. The salary I am drawing means I am below the NI threshold.
Looking at my State Pension forecast, I will get £155.65 when I turn 66 but the amount based on my 'current insurance record' is only £146.11.
Why is this, given I have well over the minimum 35 years to qualify for a full pension?
Hopefully someone can advise and thanks in advance.
I'm 61 and have 43 full years contributions. At the moment I am contracting and also get a smallish contributory pension. The salary I am drawing means I am below the NI threshold.
Looking at my State Pension forecast, I will get £155.65 when I turn 66 but the amount based on my 'current insurance record' is only £146.11.
Why is this, given I have well over the minimum 35 years to qualify for a full pension?
Hopefully someone can advise and thanks in advance.
Ethical moneysaver
0
Comments
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Ever been contracted out - i.e. paying a reduced NI?
If so, that's probably why.0 -
Look at some of the calculations/examples on this thread, it will explain all
https://forums.moneysavingexpert.com/discussion/5367287......Gettin' There, Wherever There is......
I have a dodgy "i" key, so ignore spelling errors due to "i" issues, ...I blame Apple
0
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