Buying State Pension Years

MissMoneypenny

Apologies if this has been asked before, but I did a forum search and couldn't find a thread on this.

Can people buy missing years for a state pension?

My friend was born 1 April 1959 and started work July 1975. She worked full time, paying a full stamp, until July 1992 when she went onto Incapacity benefit and is still on it to date.

We have worked out that she has 16 towards a state pension, but is 14 years short. Can she buy the missing 14 years? If so, how can she do this and how much approximately would it cost?

Also, if she has to speak to anyone, can someone else do this for her as she lacks self confidence?

Thanks

MissMP

seven-day-weekend

If she is on Incapacity Benefit, she will be credited with National Insurance Contributions, so unless she has missed years for any other reason, she would not have to buy any.

But yes, you can buy a certain number of back years.

MissMoneypenny

Many thanks, she be delighted to hear that. Although she is a depressive, so will be looking for the cloud on that silver lining:D

Thanks

MissMP

seven-day-weekend

MissMoneypenny wrote: »

Many thanks, she be delighted to hear that. Although she is a depressive, so will be looking for the cloud on that silver lining:D

Thanks

MissMP

Yes, both myself and my husband do that too!

shays_mum

Also, she should have been automatically credited if she had kids & stayed at home. My mum just bought some of her remaining years & as she has postponed getting her pension for a year, apparently they will pay 7% interest for this year.
It can get complicated, but its best to speak to the pensions team, their no. i am sure is on saynoto0870.com. HTH & goodluck x

MissMoneypenny

She didn't have children, but as she hasn't missed any years between working and Incapacity benefit, she will have her 30 years now. I think she will want to take her pension as soon as she is 65 though.

How does that 7% work? Do they pay the 7% interest to your mother this year, for not taking her pension?