Full state pension

PawelK

Hello.

I might be missing some detail about it but looking at my gateway account NI records something is not right. O started working in the tax year 2004/2005 and so far all years are showing on my record list. Counting each year, I have a total of 16 full years. However, on top of the page it says I have 19. Not that I'm complaining but where did I get three extra years from?
To add to this confusion, when I check my pension forecast it says I need 13 years to reach the full state pension but I know it is now required to have 35 years of contributions for that. So whether you add 16 or 19 current years to 13 how is that qualifying me for the full state pension, being less than 35 years?

Any ideas how to decipher that?

Thank you.

molerat

35 years is only for those starting out after 2016.  With a pre 2016 history you are on a hybrid scheme and may need more or less than 35.

As your history starts pre 2010 you were given the 3 years in which you reached age 16,17 and 18 as a freebie, your NI history likely states "you have X years up to 5 April XXXX" at the bottom of the list.

Post up the pension amounts and someone will clarify it for you

noh

Between 1975 and April 2010
16 17 and 18 year olds were given automatic NI credits.
That is where your 3 extra years comes from.
35 years for a full pension only applies if you started work after April 2016.
I'm sure someone will soon come along and give a fuller explanation than I have.

xylophone

What exactly does your State Pension Forecast say?

tichtich

noh said:

Between 1975 and April 2010
16 17 and 18 year olds were given automatic NI credits.
That is where your 3 extra years comes from.
35 years for a full pension only applies if you started work after April 2016.
I'm sure someone will soon come along and give a fuller explanation than I have.

As I'm short of qualifying years, I was pleasantly surprised to find 2 freebie years added at the bottom of my summary.  Thanks to the explanations here,  I  now understand what they are for. I must have got only 2 freebie years because I was working from 17-18.

If your accumulated additional (earnings-related) pension is relatively low,  you still need the full 35 years. I'm in that position.  I will have 31 qualifying years and the expected pension that's shown for me is exactly 31/35 times the new state pension. 

People with more additional pension need less than 35 years, but are still limited to the new state pension. Except for...

People with enough additional pension that their total state pension in 2016 was already greater than the new state pension get that amount instead of the new state pension. 

Dazed_and_C0nfused

And some people who have been in contracted out DB schemes for a long time will need more than 35 years.  
I think one regular on here has over 40 years and still hasn't quite reached the new State Pension standard amount.

german_keeper

Dazed_and_C0nfused said:

And some people who have been in contracted out DB schemes for a long time will need more than 35 years.  
I think one regular on here has over 40 years and still hasn't quite reached the new State Pension standard amount.

I will be fully paid up in 2022/23. I have the credits from 16 -18 when in sixth form and contracted out all my working life since 18. I think I will have 42 full years and I would imagine that's not far off the maximum to qualify. No moaning from me though, NSP is a cracking deal for me.

molerat

german_keeper said:

Dazed_and_C0nfused said:

And some people who have been in contracted out DB schemes for a long time will need more than 35 years.  
I think one regular on here has over 40 years and still hasn't quite reached the new State Pension standard amount.

I will be fully paid up in 2022/23. I have the credits from 16 -18 when in sixth form and contracted out all my working life since 18. I think I will have 42 full years and I would imagine that's not far off the maximum to qualify. No moaning from me though, NSP is a cracking deal for me.

Could be me.  42 years contributions and 1.3 years equivalent £ short at retirement. But I did retire early so missed out on some S2P which may have made it up.

p00hsticks

molerat said:

german_keeper said:

Dazed_and_C0nfused said:

And some people who have been in contracted out DB schemes for a long time will need more than 35 years.  
I think one regular on here has over 40 years and still hasn't quite reached the new State Pension standard amount.

I will be fully paid up in 2022/23. I have the credits from 16 -18 when in sixth form and contracted out all my working life since 18. I think I will have 42 full years and I would imagine that's not far off the maximum to qualify. No moaning from me though, NSP is a cracking deal for me.

Could be me.  42 years contributions and 1.3 years equivalent £ short at retirement. But I did retire early so missed out on some S2P which may have made it up.

Or me - 42 full years so far, with another three still needed to get me up to the full £179.60
(although the third will only add about a pound so I may not bother making a voluntary contribution for that year)

jem16

Dazed_and_C0nfused said:

And some people who have been in contracted out DB schemes for a long time will need more than 35 years.  
I think one regular on here has over 40 years and still hasn't quite reached the new State Pension standard amount.

Currently I have 46 years. I should make one more year before SPA so 47 full NI years but still won't make full new state pension as I would need another 2 years making 49 years in total.

However I'm not moaning as I will be getting £30pw more than I was going to get pre 2016.

JGB1955

jem16 said:

Currently I have 46 years. I should make one more year before SPA so 47 full NI years but still won't make full new state pension as I would need another 2 years making 49 years in total.

I'm now receiving my full pension but think I had to have 46 years to obtain it  -1973/74 to 2019/20.  Cost me a couple of years to top up my Civil Service and Local Authority payments, but no moans from me either!