We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
New state pension forecast question
Sunnylifeover50plan
Posts: 189 Forumite
Morning. When I log onto the government portal and view my state pension forecast it provides an estimate of what I should receive and also that I need to make 4 more years contribution in order to receive the full new state pension.
If I then check my NI contributions it shows I have 34 years full contribution from when I started work in 1985/6 and that I have one year where I have only a partial years contribution for which I can can pay £150 to get it to full.
Is it true that I need 35 years full contribution in order to receive the full new state pension and if so why does the website suggest that I have to make 38 years in order to qualify?
TIA
If I then check my NI contributions it shows I have 34 years full contribution from when I started work in 1985/6 and that I have one year where I have only a partial years contribution for which I can can pay £150 to get it to full.
Is it true that I need 35 years full contribution in order to receive the full new state pension and if so why does the website suggest that I have to make 38 years in order to qualify?
TIA
0
Comments
-
No it isn't true. Where have you read that?
You are not under the new rules, you are under transitional rules.
There is an explanation on gov.uk under the "How it's calculated" section.
https://www.gov.uk/new-state-pension/how-its-calculated
1 -
In short, the 35 years that everyone quotes is for people starting work after 2016. As your work life crosses over 2016 then you are treated differently. I too have four years stated on mine, which will take me to 47, which I can't really argue about.Think first of your goal, then make it happen!1
-
thanks both0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards
