contracted out of serps, now am i paying into additonal state pension

b1scu1ts

over 30 years ago i enrolled into a company pension which was a serps opt out - which meant no money into additional state pension.

about 10- 12 years ago i believe the law changed and i went back to paying full ni contributions and pension changed to a CARE

the thing im struggling to clarify is since i have been paying full NI contributions have i been paying back into the the state additional pension, (under the belief that every one got the basic state pension)

eskbanker

There is no longer a two-tier basic plus additional pension setup, as this was changed back in 2016 to a simpler (in theory!) model.

Check out what your entitlement is at https://www.gov.uk/check-state-pension

dunstonh

the thing im struggling to clarify is since i have been paying full NI contributions have i been paying back into the the state additional pension, (under the belief that every one got the basic state pension)

You stand to be a winner potentially under the state pension changes.   

There is no basic state pension or additional pensions any more.  What is your current qualification from your state pension forecast?

b1scu1ts

yeah thx, i understand there is only 1 pension now, what i was trying to get at, is since 2016 when the law changed and i started paying full ni have i been increasing my new state pension entitlement from its absolute minimum,

i guess ill try a pension forecast ( for some reason i thought you could only get 1 a bit nearer to retirement age)

b1scu1ts

dunstonh wasnt wrong, ty both

full new state pension .

squirrelpie

Your forecast probably gives more than one estimate - one for the pension you will get based on your contributions to date, and a second, higher figure if you contribute for a further number of years. (It may only have one figure if you have already reached the maximum). So you should be careful to check exactly what the forecast says.