Full state pension

molerat

JGB1955 said:

Baldyman1 said:

Just discover the Gateway Pension forcast button 
51 now and it seems i have paid all my N.I that i need to . Not sure why it's more than the stated maximum weekly amount - is this to so with SP2 conributiuons ?

Your State Pension summary

Show your National Insurance number

You can get your State Pension on 11 October 2036. Your forecast is

£188.89 a week

£821.33 a month, £9,856.01 a year

Your forecast

• is not a guarantee and is based on the current law
• is based on your National Insurance record up to 5 April 2020
• does not include any increase due to inflation

Are you sure that's all it says?  Nothing about needing another ** years to achieve the forecast?

Why would it ? 

It states they currently have, and have had since April 2016, in excess of he full new pension amount so nothing has been added since 2016 and nothing can add to that amount in the future.

Baldyman1

molerat said:

JGB1955 said:

Baldyman1 said:

Just discover the Gateway Pension forcast button 
51 now and it seems i have paid all my N.I that i need to . Not sure why it's more than the stated maximum weekly amount - is this to so with SP2 conributiuons ?

Your State Pension summary

Show your National Insurance number

You can get your State Pension on 11 October 2036. Your forecast is

£188.89 a week

£821.33 a month, £9,856.01 a year

Your forecast

• is not a guarantee and is based on the current law
• is based on your National Insurance record up to 5 April 2020
• does not include any increase due to inflation

Are you sure that's all it says?  Nothing about needing another ** years to achieve the forecast?

Why would it ? 

It states they currently have, and have had since April 2016, in excess of he full new pension amount so nothing has been added since 2016 and nothing can add to that amount in the future.

What i thought - Ni contrbutions seem upto date as well 

Your National Insurance record

Show your National Insurance number

You have:

• 35 years of full contributions
• 16 years to contribute before 5 April 2036

You do not have any gaps in your record.

molerat

It shows that at April 2016 you had at least enough years and S2P to add up to more than the new pension maximum amount.

Note that your full pension does not increase by the triple lock.  The max "new pension" amount increases each year by the triple lock but the excess only increases by CPI.

pensionpawn

kuratowski said:

By contrast to the previous few posts, I am in a similar position as the OP, in that I will have accumulated a full new state pension by age 53.  So, the 2016 reforms have given me good reason to make age 53 my target for early retirement!

I would have by 53 however I have two missing years (transition from school to uni and a year due to time out of work) however as I was never going to retire before 55 it's of no concern. By the end of the month I will have met the 2021/22 qualifying year criteria and full SP criteria, so job done.