On line Forecast HMRC

molerat

It may well have been that the May forecast was only taking NI contributions and additional pension earned up until April 2015 into account and the new one is up to April 2016. COPE will already have been factored in to the top line figure which is calculated at April 16 as the higher of (£119.30/30x30 + additional pension) or (£155.65/35x35 - COPE). Under the new scheme you would only have got £60.98 but have been protected by the transitional arrangements.

JohnB47

Thanks. That's good to know. I've been over 44 years worth, never mind 35, for a few years now so that wouldn't explain the different quotes.

Not to worry. Thanks again.

molerat

The additional pension earned may have made the difference. The basic, once past 30, would have no effect.

JohnB47

Oh OK. So I'm still building up additional pension - until SP date? I didn't realise that.

Odd then that both of my estimates say "You can't improve your estimate any more".

Cheers.

p00hsticks

JohnB47 wrote: »

Oh OK. So I'm still building up additional pension - until SP date? I didn't realise that.

Odd then that both of my estimates say "You can't improve your estimate any more".

Cheers.

I don't believe you can comtinue to build up additonal pension with the introduction of the new State Pension after 6/4/16.

Molerat is (I think) suggesting that your initial forecast from May 2016 will only have gone up to April 2015. If your more recent forecast then went up to April 2016 it might have included some additional pension for year 2015-16, and this is a possible explanation for the difference between the two forecasts.

JohnB47

p00hsticks wrote: »

I don't believe you can comtinue to build up additonal pension with the introduction of the new State Pension after 6/4/16.

Molerat is (I think) suggesting that your initial forecast from May 2016 will only have gone up to April 2015. If your more recent forecast then went up to April 2016 it might have included some additional pension for year 2015-16, and this is a possible explanation for the difference between the two forecasts.

OK, ta. I thought that, by leaving it until May 2016, my estimate would be based on data up to April 2016. Seems I was too optimistic. Thanks for clarifying.