Paid 35 years, do I still need to pay more?

balbs

Sounds similar to my own position, as Dazed and confused says post 2016 people who contracted out are in the fortunate position of contracting out having ended but being allowed to 'top up' their state pension calcuation for each year.  In your case it doesnt matter, as long as you are reading the figures correctly - if there is only one figure thats fine and thats it (although that of course doenst let you stop payng NI if you still work).

snowqueen555

coyrls said:

RobM99 said:

Doesn't that £175.20 depend on being contracted in?

If you were contracted in, it's possible that your pension could be over £175.20 and any NI contributions since the new scheme came into effect will not increase your state pension (as is the case for me).

How do you know if you were contracted in or out? My NI record doesn't really say anything other than I have x amount of contributions and I am on target of getting the £175 or whatever amount the full state pension is.

[Deleted User]

snowqueen555 said:

coyrls said:

RobM99 said:

Doesn't that £175.20 depend on being contracted in?

If you were contracted in, it's possible that your pension could be over £175.20 and any NI contributions since the new scheme came into effect will not increase your state pension (as is the case for me).

How do you know if you were contracted in or out? My NI record doesn't really say anything other than I have x amount of contributions and I am on target of getting the £175 or whatever amount the full state pension is.

There will be a COPE figure on your forecast if you were contracted out

Martin666_2

Hi
Thanks for all the replies, it says
"You’ve been in a contracted-out pension scheme Like most people, you were contracted out of part of the State Pension (https://www.gov.uk/check-yourstate-pension/account/cope)."
There is also only one figure quoted, £181.73
Also, I'm trying to get statements for private pensions and to prove identity, some are asking me to send a photocopy of my driving licence. Is this wise to send docs like that in the post?
Martin

cfw1994

Can’t see why sending a photocopy of that could cause a problem.  

Provided it is to a genuine organisation: if you are being scammed, then NO!!

If you have concerns, call them, express those concerns over identify theft (which are reasonable concerns) and offer to email a password protected zipped copy, with the password provided by a separate method (eg, phone).

xylophone

it is perfectly possible to have been contracted out for a period and yet still be entitled to a full ( or even more than full) new state pension.

This happens where the contracted out period was short and the person was then contracted in and earning enough to have a high rate of SERPS and also some S2P.

Does  your state pension  statement say that your forecast is  £181.73 and that you cannot improve your forecast any more?

This is higher than a current full new state pension and therefore means that you have a "protected payment" in respect of pension increases.

If earning enough and under SPA, you would still need to pay NI.

If you retire under SPA,  you have the comfort of knowing that at least as things currently stand, your full SP + PP is assured.
https://techzone.adviserzone.com/anon/public/pensions/Tech-guide-new-state-pension