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OAP Advice
Cliddy09
Posts: 24 Forumite
I am just contemplating taking on my OAP. I have a forecast for it being reduced as I was contracted out for a period. Not a problem I understand the reasons.
However I have 42 qualifying years in total and can therefore buy additional years to close the gap.
My question is why if I can buy years to fill the gap, don't the additional years I have paid into not automatically fill the gap?
However I have 42 qualifying years in total and can therefore buy additional years to close the gap.
My question is why if I can buy years to fill the gap, don't the additional years I have paid into not automatically fill the gap?
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Comments
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Because they were under the old system pre 2016I am not a cat (But my friend is)0
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@xylophone has a much quoted and repeated post which explains how people were transitioned from the old to new system in 2016 - see his post in the thread hereNote that in your situation, only purchase of additional years from 2016 onwards will possibly add anything to your forecast.
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I will move this to the main board as it doesn't relate to auto-enrolmentI’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0
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