State pension

garrob

Hello, looking for advice regarding my state pension please.
My account states that I will receive £186.39 per week and says that I cannot improve my forecast anymore.
When I looked at my National insurance record it states that I have 46 years of full contributions with 4 years to contribute before the 5th of April 2025.
I will be 62 in February 2022 and plan on retiring this time next year. When I do retire does this forecast mean that I will get less pension because I retired early?
It also states that I have no gaps in my record.
Many thanks in advance.

jamesd

No less.

The current single tier state pension is  £179.60 per week and the most any extra year can now do is get you to that figure, no higher. Plus the triple lock or inflation increases that can apply to different parts of the pension.

You're above that because you have quite a lot of earnings-related pension in addition to basic state pension under the old rules calculations that were used for your foundation amount back in 2016. You've also not improved your state pension by a penny for years worked since 2016 since you were already over the new cap. Transitional protection rules mean that you keep any excess you had over the cap in 2016 but the excess increases by inflation, not triple lock.