National Insurance and Not working

Neil4

Hi if I have paid up my NI (to date) I mean no shortfalls to the present day and I decided not to work again ever and not taking any benefits, and my official retirement date is not for another 9 years, my question is will I still have a full paid up NI or will I have 9 years shortfall? 
Thanks in advance

Marcon

Neil4 said:

Hi if I have paid up my NI (to date) I mean no shortfalls to the present day and I decided not to work again ever and not taking any benefits, and my official retirement date is not for another 9 years, my question is will I still have a full paid up NI or will I have 9 years shortfall? 
Thanks in advance

Obtaining a state pension forecast is your best way to check: https://www.gov.uk/check-state-pension

Neil4

Marcon said:

Obtaining a state pension forecast is your best way to check 

Thank you, I have checked that, and would say I will get full pension in 2032, but I just wondered, if I never worked again it would say the next 9 years there was a shortfall.
That is just a senario after I pay my 2 years shortfall, which I have been unable to contact Future Pensions all day, all I want to find out is how I can pay, online it requires a 13 digit code from my bill, but I've not got a bill, anyway i will try again tomorrow now. Thanks

calcotti

You need to look at the detail given on your forecast. No one can know the answer without seeing that.

Neil4

calcotti said:

You need to look at the detail given on your forecast. No one can know the answer without seeing that.

Sorry I don't know how to translate the page to get the answer, all I can see that may answer the question is the lines I have marked 1* & 2* is that my answer? if so its vague...

All the information states is this

You can get your State Pension on 22 March 2032

Your forecast is £185.15 a week, £805.07 a month, £9,660.86 a year

Your forecast

is not a guarantee and is based on the current law does not include any increase due to inflation

*1 You need to continue to contribute National Insurance to reach your forecast

Estimate based on your National Insurance record up to 5 April 2022

£171.34 a week

Forecast if you contribute another 3 years before 5 April 2031

£185.15 a week

£185.15 is the most you can get

You cannot improve your forecast any further, unless you choose to put off claiming.

*2 If you’re working you may still need to pay National Insurance contributions until 22 March 2032 as they fund other state benefits and the NHS.

Thank you for your answers, its just all above my head - Sorry!

Dazed_and_C0nfused

Neil4 said:

Marcon said:

Obtaining a state pension forecast is your best way to check 

Thank you, I have checked that, and would say I will get full pension in 2032, but I just wondered, if I never worked again it would say the next 9 years there was a shortfall.
That is just a senario after I pay my 2 years shortfall, which I have been unable to contact Future Pensions all day, all I want to find out is how I can pay, online it requires a 13 digit code from my bill, but I've not got a bill, anyway i will try again tomorrow now. Thanks

That isn't what it says though.

It says you will get £171.34 but can reach £185.15 if you add 3 further years.

Once you have those 3 years it doesn't matter about any missed ones but if you work and earn above the primary threshold for NI you will have pay National Insurance even if though this won't add anything to your State Pension forecast.

Adding the first 2 years will increase your State Pension by £10.58 (£5.29 for each year) to £181.92

The third year adds the final £3.23 taking you to £185.15.

Mojisola

Neil4 said:

All the information states is this

You can get your State Pension on 22 March 2032

Your forecast is £185.15 a week, £805.07 a month, £9,660.86 a year

Your forecast is not a guarantee and is based on the current law does not include any increase due to inflation

*1 You need to continue to contribute National Insurance to reach your forecast

Estimate based on your National Insurance record up to 5 April 2022

£171.34 a week

Forecast if you contribute another 3 years before 5 April 2031

£185.15 a week

£185.15 is the most you can get

You cannot improve your forecast any further, unless you choose to put off claiming.

*2 If you’re working you may still need to pay National Insurance contributions until 22 March 2032 as they fund other state benefits and the NHS.

To get the full pension, you need to contribute for another three years.

xylophone

https://www.gov.uk/voluntary-national-insurance-contributions

mortzy

Have the rules around qualifying years changed recently as I have been made aware of someone who retired early and took his private pension. Now four years later, he has reached state pension retirement age and has been told that his state pension is reduced due to four years missing on his National Insurance Record, even though he has paid more than 35 years NI contributions over his working life

DRS1

https://forums.moneysavingexpert.com/discussion/comment/82003187#Comment_82003187

Sounds like his forecast would have had a similar line to the OP saying you get the full SP if you contribute (in his case another 4 years). If the 4 missing years are recent he could fill them now. It may not be a quick process as he is already over SPA but should be possible (and may be worthwhile)

MallyGirl

https://forums.moneysavingexpert.com/discussion/comment/82003187#Comment_82003187

there are so many threads on here stating that 35 years is not the magic number and we are in a period of transition from old rules to new rules