When to stop work Birthday or end of March

Triumph13

cmayflower wrote: »

Yes Thank you.

The statement also says that for every additional year worked between now and SPA I could earn at least £1.75 per week additional pension = £21 per year.

Interestingly the statement also says the maximum qualifying years needed to get the full basic state pension is 30.

How old is that statement? It was indeed 30 years for the basic state pension, 35 years for the new single tier pension and complicated for anyone who was either contracted out or had SEPRS / S2P entitlements pre April 2016. If you quote the actual wording on your statement then people will be able to advise.

elantan

Marcon wrote: »

Have you obtained a state pension forecast: https://www.gov.uk/check-state-pension

NI contributions work in tax years and you'll be under the 'new' system for state pension, so having 37 years of contributions won't get you a full state pension.

is it not 35 years contributions to get full pension ?


please ignore, I noticed this was answered further down

cmayflower

Triumph13 wrote: »

How old is that statement? It was indeed 30 years for the basic state pension, 35 years for the new single tier pension and complicated for anyone who was either contracted out or had SEPRS / S2P entitlements pre April 2016. If you quote the actual wording on your statement then people will be able to advise.

An update on this the statement was from 2013.

Yesterday I logged onto the Gov site for pension forecast and I also phoned the forecast centre. At the end of this financial year I will have 37 years NI contributions, by my birthday in November I will have paid enough NI contributions for the 19/20 tax year. I can only buy two more years to get full state pension, and I have time to think about if the cost of buying these compared to the amount paid back in pension is worth the outlay.