NI record. Do I need to do anything?

anticlaus105

My NI record is as follows:

17 years of full contributions (should be 18 now up to to 2020)
28 years to contribute before 5 April 2047
7 years when you did not contribute enough 

Do I have anything to worry about or need to buy missing years?

p00hsticks

Probably not - what does your State Pension Forecast say ?

https://www.gov.uk/check-state-pension

NedS

What age are you now? What age do you plan to retire?

squirrelpie

And how long are you planning to work, or do something else that pays NI?

50Twuncle

anticlaus105 said:

My NI record is as follows:

17 years of full contributions (should be 18 now up to to 2020)
28 years to contribute before 5 April 2047
7 years when you did not contribute enough 

Do I have anything to worry about or need to buy missing years?

Possibly - depends on whether you were contracted out at any point in your career

Here's mine

• 32 years of full contributions
• 10 years to contribute before 5 April 2030
• 9 years when you did not contribute enough

Dazed_and_C0nfused

What the op needs to understand is that is of very limited use as they are under transitional rules.

What really matters is what the amount accrued to date (likely to 5 April 2020 at the moment) says and then the contribution info can become much more meaningful.

anticlaus105

Sorry I tried to reply yesterday but my phone isn't logged in and I couldn't disappear off to my PC.
I will be 42 later this year. Ideally I would like to retire tomorrow, but sadly that isn't happening. I do worry a bit about my health as I have a bad back, but hope that won't curtail me to soon. It's something I really need to get looked at.

My State Pension Forecast is:

Your State Pension summary

You can get your State Pension on xxx 2047. Your forecast is

£175.20 a week

£761.81 a month, £9,141.69 a year

Your forecast

• is not a guarantee and is based on the current law
• does not include any increase due to inflation

You need to continue to contribute National Insurance to reach your forecast

Estimate based on your National Insurance record up to 5 April 2020

£98.54 a week

Forecast if you contribute another 16 years before 5 April 2047

£175.20 a week

£175.20 is the most you can get

Dazed_and_C0nfused

Each of the next 15 years accrued will add £5.00/£5.01/week and take you to c£173.62.

The sixteenth year will add the final £1.58.

So if you expect to be working and earning sufficient to add 16 qualifying years then yes you will get £175.20/week.

The £175.20 is inflation proofed at present so from 6 April 2021 it becomes £179.60.

anticlaus105

It's more than likely I will get another 16 years but just in case it becomes relevant how does it work buying missed years? Is there a limit to when you can do it and how many and/or how long ago?

molerat

So you need 16 more years of contributions to get the full pension which takes you to age 57 which gives you quite a leeway until actually receiving the pension.  If there are any cheap part filled years between 2006-07 and now it may be worth filling them.  The only downside is that if you buy those additional years ahead of time and have an unfortunate incident with a number 9 bus it is money wasted !

Years can be purchased at the in year price for 2 years after the end of the year then at the price of the year in which they are purchased for a further 4 years so up to 6 years after the end of the year.  The exception to this, as part of the 2016 pension transitional arrangements, is that the years 2006-07 to 2015-16 are treated for timeline purposes as 2016-17 giving a last purchase date of April 2023 for those years

anticlaus105

Thanks. I have 4 years available at £795.60 and 1 year at £107.10.

My older years show how much NI I paid. More recently it reads:

You have contributions from National Insurance credits: 53 weeks

These may have been added to your record if you were ill/disabled, unemployed, caring for someone full-time or on jury service.

Should it not show how much I've paid for the recent ones?