NI Contributions

QrizB

MouldyOldDough said:

I guess that it depends on my health and potential lifespan 

Deferring your SP is occasonally described as "longevity insurance". Sacrificing £9700 at age 67 buys you £556/yr from age 68.

If the state of your health means you're less likely than most to make it to 85-ish, it probably isn't worth doing.

MouldyOldDough

QrizB said:

MouldyOldDough said:

I guess that it depends on my health and potential lifespan 

Deferring your SP is occasonally described as "longevity insurance". Sacrificing £9700 at age 67 buys you £556/yr from age 68.

If the state of your health means you're less likely than most to make it to 85-ish, it probably isn't worth doing.

That's using todays rates - come 8 years time -  if they did continue to rise at either tripe lock or CPI - The difference could be more ...

RG2015

MouldyOldDough said:

QrizB said:

MouldyOldDough said:

I guess that it depends on my health and potential lifespan 

Deferring your SP is occasonally described as "longevity insurance". Sacrificing £9700 at age 67 buys you £556/yr from age 68.

If the state of your health means you're less likely than most to make it to 85-ish, it probably isn't worth doing.

That's using todays rates - come 8 years time -  if they did continue to rise at either tripe lock or CPI - The difference could be more ...

Both will be affected by inflation, so in real terms (buying power), the difference will remain much the same.

Grumpy_chap

QrizB said:

You'll have a bit in your forecast that looks like this:

What exactly does it say for you?

joep2 said:

NI record does not show the state pension, try this: 

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

This looks useful, so I followed the link.
How do I get a Gateway ID?

jem16

Grumpy_chap said:

QrizB said:

You'll have a bit in your forecast that looks like this:

What exactly does it say for you?

joep2 said:

NI record does not show the state pension, try this: 

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

This looks useful, so I followed the link.
How do I get a Gateway ID?

Just follow the link and you can register for a Gateway ID.

sheslookinhot

jem16 said:

Grumpy_chap said:

QrizB said:

You'll have a bit in your forecast that looks like this:

What exactly does it say for you?

joep2 said:

NI record does not show the state pension, try this: 

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

This looks useful, so I followed the link.
How do I get a Gateway ID?

Just follow the link and you can register for a Gateway ID.

Has Government Gateway not been superseded ?

Dazed_and_C0nfused

sheslookinhot said:

jem16 said:

Grumpy_chap said:

QrizB said:

You'll have a bit in your forecast that looks like this:

What exactly does it say for you?

joep2 said:

NI record does not show the state pension, try this: 

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

This looks useful, so I followed the link.
How do I get a Gateway ID?

Just follow the link and you can register for a Gateway ID.

Has Government Gateway not been superseded ?

No, it's Verify that has ended (for some gov.uk services)