HMRC pension estimate

Nationwide8

All this could change in the time frame I'm looking at but reading around 6 yrs of NI contributions is the most you can go back to "fill",so can you eg pay 5 - 6 yrs back contributions in a lump sum if you wanted rather than pay weekly or yearly ?

molerat

You can pay up to 6 years back but they will only hold the price for 2 years, after that they rise to the current year price.

Thrugelmir

bigadaj wrote: »

The real gainers with the new state pension are those people who have been contracted out for many years, gained a pension from reduced NI contributions and now have the opportunity to get more pension from continued working and contribution.

Paying an increased rate of NI though. There's no free lunch.

Nationwide8

Thank you,and the £733 ( yearly amount ) has been in effect for how long ?

....and when do the April 2015 -April 2016 pension calculations become available on line ?

bigfreddiel

Nationwide8 wrote: »

Have just started reading some thread on here and some are saying they never contributed ( by working ) or worked less yrs than myself but will get full state pension,maybe have read that wrong but can't get my head around all that..

You didn't read it wrong, the statement is utter b@@ll@@cks.

No NI contributions = no state pension. Simples

fj

Nationwide8

Reading more the deal is you can get NI contributions paid for you by other means than just coming out of a salary gained by working.

bigadaj

Thrugelmir wrote: »

Paying an increased rate of NI though. There's no free lunch.

No, paying exactly the same NI as those not contracted out. It's just that the NI that must be paid by those not contracted out doesn't get them anymore benefit.

molerat

Nationwide8 wrote: »

Thank you,and the £733 ( yearly amount ) has been in effect for how long ?

....and when do the April 2015 -April 2016 pension calculations become available on line ?

The amount increases each year in line with inflation, the £733.20 is the 2015-16 and 16-17 rate. The 2015-16 figures should be done by end September. Many here have reported theirs up to date already but mine is not, maybe being early retired there is no reporting done so it will be last to update.

molerat

bigfreddiel wrote: »

You didn't read it wrong, the statement is utter b@@ll@@cks.

No NI contributions = no state pension. Simples

fj

You can get NI credits in many ways other than by paying for them. MrsM got 19 years for receiving child benefit and is now receiving them for looking after grandchildren. So someone who has never worked can get a full SP.

molerat

bigfreddiel wrote: »

You didn't read it wrong, the statement is utter b@@ll@@cks.

No NI contributions = no state pension. Simples

fj

You can get NI credits in many ways other than by paying for them. MrsM got 19 years for receiving child benefit and is now receiving them for looking after grandchildren, she has a total of 27 years of "free" credits. So someone who has never worked can get a full SP.