Voluntary NICS - worksheet to know if it's worth it?

GEZ

The changes to the New Flat rate State Pension effects a person by how old they are in 2016 and if they were contracted out ,when there was a 2nd state additional pension.
The post 2016 New State Pension incorporates the additional pension and there is no further contracting out ,and a flat rate of pension at a higher amount has been put in its place.
The 30 years value of the contributions under the old state system qualifies for the basic state pension, plus for those contracted out they would have their private pension in the place of the state additional pension
The COPE amount is what the DWP have used, to work out how much it thinks is the amount calculated from the national insurance rebates .This would be taken away from the full national insurance contributions which could have been made each week by a person, and paid into a private pension

Linton

debydiver wrote: »

Yes that's what we got too. These are the years you didn't pay so you CAN pay all these. But they wouldn't say which we SHOULD pay because they can't give advice. I'll try the address you gave, thank you. Or maybe just keep on calling them and asking until they get tired of me!

I will try again. You can pay a large number of years. However paying some of those years may not make any difference to your State Pensions. From what you have said you asked The Future Pensions Centre the wrong question. You need to ask them paying which years will increase your SP. and how many years would take you to the maximum.

They cannot tell you whether you in your particular overall financial circumstances should pay those years as that would be advice and they do not know what these circumstances are anyway, but they can give you the facts.