State Pension Forecast - Confused

Stevieboy123

Hello everyone!
I'm a little confused about my State Pension forecast and hoping someone can help me.
I have 30 years of NI recorded. When i check my State pension forecast, it tells me my forecast is £175.20 and that that's the most i can get. It also says:

Your forecast

• is not a guarantee and is based on the current law
• is based on your National Insurance record up to 5 April 2020
• does not include any increase due to inflation

My State Pension retirement year would be 2035. What's not clear to me is that does this mean i still need 35 years contributions? Or is it because before the state pension changes happened i had paid into the State second pension and therefore that's added into the £175.20?
Thanks

Blackbeard_of_Perranporth

It means that under the rules in effect today, you will get a full pension.

It could change due to ...

Linton

35 years only applies to those people who spend all their working life under the new pension scheme.  The reason why you are now on the full SP after 30 years is that you earned enough SERPs to put you between the new and old state pensions by 2016 and since then have filled the gap.

Stevieboy123

Great, thanks! So in theory if i stopped working now (assuming i had the funds to live on) I wouldn't need to make up any years and would still get the full state pension in 2035. 

molerat

Yes, as long as that is the one and only figure on the statement and based on current rules.

Stevieboy123

Thanks everyone for the input. Happy Friday!!