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Buying class 3 NI contributions to fill missing years in state pension

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  • xylophone
    xylophone Posts: 45,746 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Have a look at this example (for tax year 18 - 19).

    https://www.which.co.uk/money/pensions-and-retirement/state-pension/your-state-pension-forecast-explained-a24r12y9jt41

    What exactly does yours say in respect of your amount accrued up to date and what is the COPE shown?


  • molerat
    molerat Posts: 35,020 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 8 August 2022 at 8:10PM
    Things that jump out are :
    Pre 2016 years will add value as you only have 24 but it doesn't look like you actually have many (any ?) available to you.  There is no financial advantage to buying pre 2016 class 3 as they will be full price anyway and you have 13 years ahead to get the required 10 or 11. It might be worth mopping up a couple of post 2016 just to get ahead.
    You need to contact HMRC about those 3 pending years, that will add extra to your pension if they are already full or could be cheap part paid.
    With regard to your overseas status :
    Were you working immediately before you moved overseas and have you been employed whist overseas ?  If the answer is yes then class 2 contributions may be available. Also if class 2 is available for the back years they may be worth buying because my crystal ball sees class 2 having a rather short life ahead of it.
  • molerat said:
    Things that jump out are :
    Pre 2016 years will add value as you only have 24 but it doesn't look like you actually have many (any ?) available to you.  There is no financial advantage to buying pre 2016 class 3 as they will be full price anyway and you have 13 years ahead to get the required 10 or 11. It might be worth mopping up a couple of post 2016 just to get ahead.
    You need to contact HMRC about those 3 pending years, that will add extra to your pension if they are already full or could be cheap part paid.
    With regard to your overseas status :
    Were you working immediately before you moved overseas and have you been employed whist overseas ?  If the answer is yes then class 2 contributions may be available. Also if class 2 is available for the back years they may be worth buying because my crystal ball sees class 2 having a rather short life ahead of it.
    Yes I'm trying to contact HMRC about the years they are claiming to be still checking.
    Was not working prior to leaving uk restored a property which we sold and I ended up lll  had a blood clot so didn't work last cpl of years. 
    Haven't worked out here,my partner took took early retirement on a teachers pension, I have a couple of small local government pensions that will be accessible when I'm 60 aswell as the state pension 7 years later. We left just before Brexit to avoid any issues. 
    I'm really now just trying to get as much as possible into the state pension so I can raise the final amount. 

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