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NI after 35 years

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  • GunJack
    GunJack Posts: 11,837 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    aldershot wrote: »
    I have 35 (soon to be 36 good years) of NI contributions and my state pension forecast is a healthy £173 (including a few years of additional state pension when I presumably was not contracted out). I intend to stop working next year (at age 53 1/2) and live off of a mixture of savings and SIPP until a defined benefit pension kicks in at 62 and state pension joins in at 67. Having reached the magic 35 years, is it correct to assume that I no longer have any obligation or will derive any further benefit from paying any further NI (voluntarily)?

    however certain benefits depend on your NI record - whilst you may not accrue any more pension, who's to say your circumstances won't change and you find yourself in need of claiming, only to be told your NI isn't current enough to let you claim?

    ..also, don't use the NHS, if you've stopped contributing early then stop using something NI pays for early ;)

    (and yes the last line was a joke, don't flame me for it :) )
    ......Gettin' There, Wherever There is......

    I have a dodgy "i" key, so ignore spelling errors due to "i" issues, ...I blame Apple :D
  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    colsten wrote: »
    If you are reliant on UK State Pension, which you are probably not, you can but hope that any Brexit vote won't lead to stagnating or even decimating your UK state pension.

    Outside the EU/EEA, the value of your UK state pension may well diminish to next to nothing as there's no guarantee for increases.

    Mind you, there's no guarantee to increases to the UK state pension for anyone beyond 2020, and there's a distinct possibility that future governments might be unable to offer any state pensions at all,on the grounds that there simply isn't enough money in the State coffers for state pensions.

    if we vote Brexit, he'll be lucky not to be checked out of france, and to have to live in a shoebox in the UK having sold his home and lived off the equity.

    Not to mention if you can stay, what happens with healthcare?
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