State pension forecast?

maxie014

My wife has worked most of her life since 16 apart from a gap of 8 years,a few years ago she got a letter asking her to pay more ni to receive a higher pension,which we didnt go for.
Yet when we check her state pension forecast it is saying she will receive a full pension?
She has mostly been under the tax threshold for the last 10 years and earns about 10k .
She does pay a very small amount of ni payments,will her pension forecast be correct?

xylophone

What exactly does her pension forecast say?

Audaxer

Is it definitely saying she will receive that with no further contributions? Mine shows a forecast of the maximum £164 at the top of the page, but below it in smaller print it shows my estimate to date, and that to get to my forecast I need to contribute for another 6 years.

Dazed_and_confused

She has mostly been under the tax threshold for the last 10 years and earns about 10k .

Does she have any other taxable income and if not have you told her about Marriage Allowance?

maxie014

Audaxer wrote: »

Is it definitely saying she will receive that with no further contributions? Mine shows a forecast of the maximum £164 at the top of the page, but below it in smaller print it shows my estimate to date, and that to get to my forecast I need to contribute for another 6 years.

Yes something similar i think audaxer,although her ni payments are minimal.

Dazed_and_confused wrote: »

She has mostly been under the tax threshold for the last 10 years and earns about 10k .

Does she have any other taxable income and if not have you told her about Marriage Allowance?

No other taxable income,which marriage allowance? i claim her allowance is that what you mean?

xylophone wrote: »

What exactly does her pension forecast say?

Not sure of the exact wording i will have another look at it.

Paul_Herring

maxie014 wrote: »

Not sure of the exact wording i will have another look at it.

It's the bars and bit in orange here you need to look for:

Dazed_and_confused

No other taxable income,which marriage allowance? i claim her allowance is that what you mean?

Marriage Allowance isn't something you can claim. Or if you have claimed then you are agreeing to give your wife part of your Personal Allowance.

It is where your wife agrees to give up part of her Personal Allowance (normally 10% but actually a fraction more in the current tax year) in return for you getting a reduction of up to £238 off your tax bill (in the current tax year).

It is possible this might make your wife pay tax but it can still be worthwhile her applying. For example if her income turned out to £11,000 then she would have about £68* in tax to pay but, assuming you are earning enough, you would save £238 in tax so as a couple you would be £170 better off.

*Would be different if she is Scottish resident for tax purposes

maxie014

Just checked it again it says.
Estimate based up to april 2018 £158.33.
2 more years of ni contributions £164.35 in 2034.

maxie014

Dazed_and_confused wrote: »

Marriage Allowance isn't something you can claim. Or if you have claimed then you are agreeing to give your wife part of your Personal Allowance.

It is where your wife agrees to give up part of her Personal Allowance (normally 10% but actually a fraction more in the current tax year) in return for you getting a reduction of up to £238 off your tax bill (in the current tax year).

It is possible this might make your wife pay tax but it can still be worthwhile her applying. For example if her income turned out to £11,000 then she would have about £68* in tax to pay but, assuming you are earning enough, you would save £238 in tax so as a couple you would be £170 better off.

*Would be different if she is Scottish resident for tax purposes

Yes we have already done this.