State pension forecast - will I get the headline figure from the state or is COPE deducted?

xylophone

And see (but for BSP substitute £119.30 and for NSP £155.65)

And for COPE read "Rebate Derived Amount"

Silvertabby

Have DWP suddenly started issuing (even more) confusing letters? There have been a flood of questions on these boards alone about COPE and if it should be deducted from the State pension forecast. (Answer: no, it isn't).

[Deleted User]

xylophone wrote: »

Under the S2P system, it was possible to be contracted out and still earn some additional state pension.

See https://en.wikipedia.org/wiki/State_Second_Pension

S2P gives all employees earning up to £32,592 a year (in 2011/12) a larger pension than SERPS, regardless of whether they are "contracted out" or not - with most help going to those in the '"lowest"' earnings (up to £14,400 a year in 2011/12) - known as the "LET" or '"Low Earnings Threshold"'.


And see (but for BSP substitute £119.30 and for NSP £155.65)

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/447195/new-state-pension--effect-of-being-contracted-out.pdf

Thanks - I have just found a pensions letter from 2006. It states my forecast pension is made up of 80 of normal state pension and 60 of additional state pension. So looks like I was at some point. I also have a COPE of 50 - but that's probably covered by my DC with GMP underpin pension