Shortfall in national insurance contributions

Larrywild

Hi all, I have 30 full yrs of NI contributions & need 35yrs to get full state pension, I have been on gov pension site & can see 8 years where I could contribute, can I choose 5 of the lowest payments out of these 8 & if so who & how do I do this as unable to contact due to covid.
anyone any idea please.

molerat

The answer is it depends.  You can buy any year back to 2006-07 but there is a possibility they may not add to your pension amount.

Does your forecast show you as being contracted out and a COPE amount ? How many pre 2016 years do you have ?  What is your current amount accrued ? What year is your state retirement age ?  Are you still working / receiving benefits ?

To give helpful advice we need a complete breakdown of what your forecast shows.

xylophone

When do you reach State Pension Age?

What exactly does your state pension forecast say?

Is a COPE shown?

How many years did you have at 6/4/16?

Dazed_and_C0nfused

I have 30 full yrs of NI contributions & need 35yr

That's a coincidence for someone under the transitional rules not the full new State Pension rules.

Larrywild

The forecast doesn’t say anything about being contracted out it states the following:-

• 30 years of full contributions
• 2 years to contribute before 5 April 2022
• 18 years when you did not contribute enough, However I am retiring November 2020 & wanted to contribute to make up to 35yrs to receive the full state pension, just wandered if I could make up any of the years when I haven’t paid enough as some need less payment. Thanks

xylophone

What is your forecast state pension amount?

Dazed_and_C0nfused

& wanted to contribute to make up to 35yrs to receive the full state pension

You haven't supplied enough information to show that 35 years is actually relevant.

You are under transitional rules so the number of years you need is unlikely to be 35

Larrywild

Forecast:-  Estimate based on your National Insurance record up to 5 April 2020 is £150.17 Thanks

Larrywild

Rising to:- Forecast if i contribute until 5 April 2022 £160.18 however I am retiring 20 November 2020 

Terron

So you will be a bit over £150pw. The maximum is ~£175pw. For each extra year you contribute you will get ~£5pw extra. So you do need an extra 5 years. (It is a coincidence that that matches the number of years someone would need using the new system only).

p00hsticks

Terron said:

So you will be a bit over £150pw. The maximum is ~£175pw. For each extra year you contribute you will get ~£5pw extra. So you do need an extra 5 years.

You can only say that with certainty if the years are post-2016 years.

Prior to that making up years may or not increase the pension depending on the individuals particular record.