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state pension forcast

david_d
Posts: 17 Forumite

Just a little background. Male 64 years old working part time ( very part time )
took lgps pension and reduced my hours to the bare minimum a couple of years ago (thanks silver tabby for all the advice at the time ).
i am hoping to retire at christmas (my 65 birthday) money sides all ok but state pension forcast says i need one more year for my max pension so i need to work
till april 5th 2021.
The question is if i retire at christmas will i loose the final year i need towards my pension or can i pay the 3 months i would be short
took lgps pension and reduced my hours to the bare minimum a couple of years ago (thanks silver tabby for all the advice at the time ).
i am hoping to retire at christmas (my 65 birthday) money sides all ok but state pension forcast says i need one more year for my max pension so i need to work
till april 5th 2021.
The question is if i retire at christmas will i loose the final year i need towards my pension or can i pay the 3 months i would be short
1
Comments
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Can you clarify.
State Pension forecast on gov.uk is normally showing position to 05:04:2019 at the moment so do you need one more year or two?
You should be able to make up any shortfall (if that is indeed necessary).0 -
i need 2. This year to april 2020 is one ( im working so this years not a problem )
The second one is to 5th april 2021
This is the year i am thinking about0 -
Then sometime after April 2021 your National Insurance record should be updated and show how many weeks shortfall you need to make up.0
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You might already have a "qualifying year" by December 2020 - if not, you can pay voluntary contributions.
https://www.thisismoney.co.uk/money/pensions/article-7873583/How-qualifying-years-state-pension-worked-out.html
0 -
Thanks for your replies. Looks like christmas retirement is still happening1
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