NI Contributions for State Pension

Happychappy

I originally posted this on the benefits section, but possibly may be better posting here ?

Hi

I am currently 65 years of age, and due to receive my State Pension next July 2021, I have 49 years of N/I contributions, but in order to receive the maximum pension I still require a further single contribution from the current tax year 6th April 2020 to 5th April 2021. In March 2020, I left my employment after 43 years, and drew upon a private pension in order to care for my 2 yr old grandson, so that my son and daughter-in-law could continue their careers, expecting to claim the National Insurance credit for the tax year 2020/2021 ending on 5th April 2021, by my daughter in law transferring the N/I credit via form CF411A, I would then receive the credit and full pension amount on my 66th birthday, 29th July 2021.

I started to complete form CF411A, and noted, applications cannot be made until October following the end of a tax year, therefore if I applied in October 2021 for the tax year ending April 2021 this would be after I started receive my state pension, and therefore this would recognise the credit? It appears that although a tax years ends on 5th April, the department responsible cannot calculate National Insurance contributions for a further 6 months ? I spoke with the various helplines and received conflicting advice and to claim in October 2021, which would be too late as I was intending to claim my pension from July 2021, however, if the only way was to wait until the final credit was added in October, I could then claim the pension from November with whatever increase this would make for the 12 weeks or so of not claiming it.?

Clearly this cannot be right, that I am claiming a credit for something I was eligible for during the tax year from April 2020 to April 2021, but as this would not be administered until half way through the following tax year, and after I reach state pension age in July 2021, I would not be eligible. Has anyone else come across this.

jimboy500

No expert on these matters and other will come along shortly but i think if you did only claim credits in October 21you might get a backdated payment from from your birthday.I don't think your pension starts exactly on your birthday also,usually a few days later depending when it lands.

DiggerUK

You will be able to purchase missing years to make up shortfall in state pension, just one problem for you, you don't need to, you qualify..._

https://www.gov.uk/new-state-pension/how-its-calculated

Linton

Yes, you will get a backdated SP payment for any qualifying NI that fails to meet the application deadline.

Dazed_and_C0nfused

DiggerUK said:

You will be able to purchase missing years to make up shortfall in state pension, just one problem for you, you don't need to, you qualify..._

https://www.gov.uk/new-state-pension/how-its-calculated

As the op appears to have checked their State Pension forecast and current accrual what makes you think they don't need an additional year?

DiggerUK

Dazed_and_C0nfused said:

DiggerUK said:

You will be able to purchase missing years to make up shortfall in state pension, just one problem for you, you don't need to, you qualify..._

https://www.gov.uk/new-state-pension/how-its-calculated

As the op appears to have checked their State Pension forecast and current accrual what makes you think they don't need an additional year?

If you refer to my link and the information provided in the OP's post, I believe I'm correct..._

Dazed_and_C0nfused

You may well be correct but it genuinely isn't clear on what basis you are correct?

What specifically makes you think the op doesn't need to apply for the years NI credit (or purchase 20/21 via voluntary contributions)?

t0rt0ise

DiggerUK said:

You will be able to purchase missing years to make up shortfall in state pension, just one problem for you, you don't need to, you qualify..._

https://www.gov.uk/new-state-pension/how-its-calculated

The OP doesn't need to pay but needs the credit as the first post says. Your cryptic comment is odd.

molerat

Happychappy said:

I am currently 65 years of age, and due to receive my State Pension next July 2021, I have 49 years of N/I contributions, but in order to receive the maximum pension I still require a further single contribution from the current tax year 6th April 2020 to 5th April 2021.

What in that suggests OP already qualifies ?

Dazed_and_C0nfused

Maybe @DiggerUK is another poster who thinks 35 years is important for existing pre April 2016 contributors?

scubajoe

Dazed_and_C0nfused said:

Maybe @DiggerUK is another poster who thinks 35 years is important for existing pre April 2016 contributors?

Why isn't 35 years important for pre April 2016 contributors?