SERPS Contracted -Out & State Pension

Dark_Sunday

Thanks for the very informative replies. Now I understand fully.

p00hsticks

juju17 wrote: »

So am I understanding this correctly...he could pay £733.20 x 5 = £3666.00, and then have an increased state pension of £18.10 per week.
If this is right, he would have recouped the initial outlay in 202 weeks of receiving the state pension.

Yes, thats right - although as you're not allowed to exceed the maximum, the fifth year is only going to buy you an extra 30p a week, so may not be worth the £733.20 when just four years will get you £17.80

juju17

p00hsticks wrote: »

Yes, thats right - although as you're not allowed to exceed the maximum, the fifth year is only going to buy you an extra 30p a week, so may not be worth the £733.20 when just four years will get you £17.80

Thank you so much for that....will buy the 4 year then.

GunJack

juju17 wrote: »

Thank you so much for that....will buy the 4 year then.

make sure they are post-2016 years in order to add to nSP