Apologies - Another State Pension Forecast Query

thriftytracey

ader42 said:

I fully agree that it is confusing an ambiguous.

My forecast says:

“You need to continue to contribute National Insurance to reach your forecast”

And says I need to contribute 3 more years.

It would be best if yours said something like:

“You do not need to continue to contribute National Insurance to reach your forecast”

Yes, it is such an important decision to make.  I did mention the ambiguity to the Future Pension representative and he made no comment.  He sounded so hacked off I didn't pursue it!

molerat

You say you had "opt out" years.  Does the forecast state you were contracted out and have a link to a COPE amount ?

xylophone

should there be a picture or link?

Yes indeed - my apologies.

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

eastcorkram

It  can look confusing though. Mine adds to the confusion by mentioning the 2016 figures. Which I've never seen on other people's forecast.

molerat

That one is down to the fact that your forecast is above the max and was set at April 2016, obviously throws the computer.  It has cropped up a few times.

xylophone

That one is down to the fact that your forecast is above the max and was set at April 2016, obviously throws the computer.  It has cropped up a few times.

Your post here refers

https://forums.moneysavingexpert.com/discussion/comment/78998704/#Comment_78998704

molerat

eastcorkram said:

It  can look confusing though. Mine adds to the confusion by mentioning the 2016 figures. Which I've never seen on other people's forecast.

Most importantly are you doing something to increase it, you only have until April.

eastcorkram

molerat said:

eastcorkram said:

It  can look confusing though. Mine adds to the confusion by mentioning the 2016 figures. Which I've never seen on other people's forecast.

Most importantly are you doing something to increase it, you only have until April.

I have until April 2023? If so, I'll probably try calling the FPC to clarify. But I have little faith in the figures shown, and my worry would be that if I do buy the extra, that eventually when or if I make it to 2025, it won't have increased the payment. Or, that when they look into it for me, they realise that the figure quoted was too high!
I don't have much faith in DWP, or HMRC for that matter, especially after all the hassle and confusion while trying to sort out my father in law's pension. 

xylophone

I have until April 2023? If so, I'll probably try calling the FPC to clarify. But I have little faith in the figures shown, and my worry would be that if I do buy the extra, that eventually when or if I make it to 2025, it won't have increased the payment. Or, that when they look into it for me, they realise that the figure quoted was too high!
I don't have much faith in DWP, or HMRC for that matter, especially after all the hassle and confusion while trying to sort out my father in law's pension. 

Why not get it in writing?

You might have to wait a few weeks but you won't be able to complain about lacking chapter and verse - see

https://forums.moneysavingexpert.com/discussion/comment/79394659/#Comment_79394659

molerat

Yes you only have until April 2023 to top up pre 2016 years which are the only ones that can add to your pension amount according to that forecast.

How many pre 2016 years do you hold ?

Which pre 2016 but post 2006 years are not full and are there any of them cheap part filled ?

Your pension will be recalculated before it is taken anyway so if the forecast is wrong find out now or find out later.

Phoning the FPC should give you clarity but if you have less than 30 pre 2016 years with a gap it seems quite straightforward reasoning.

Have you ever been contracted out ?