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State Pension short fall
Mic144
Posts: 4 Newbie
Hi All.
I wonder if anyone can answer this? My wife retires in December, the Tax years as you all know runs from April to April, this means she will be 3 months short of a full years NIS as apparently, according to the tax office you cannot get NIS contributions after your retirement date.
I wonder if anyone can answer this? My wife retires in December, the Tax years as you all know runs from April to April, this means she will be 3 months short of a full years NIS as apparently, according to the tax office you cannot get NIS contributions after your retirement date.
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Her State Pension will be based on NI contributions made up until 5 April 2022. Contributions made in 2022/23 will be ignored.#2 Saving for Christmas 2024 - £1 a day challenge. £325 of £3660
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She may already be forecast to get the full State Pension, or she may not. It all depends on the figures in her online State Pension forecast. Many people think they are due the maximum, currently £185.15 per week, but can find out they need to make voluntary contributions or fill gaps for missing years to get to the maximum. Has she done an online forecast?1
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Sorry to confuse everyone, My wife and I have lived overseas for some time. She is due to retire in 2024 (Dec) we are trying to pay for the missed years but still come up one year short as she retires in December! which means she will be 4 months short of having a full year!
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Do you mean that your wife reaches state pension age in December 2024?
Has your wife obtained a state pension forecast?
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Yes she has a forecast which only amounts to 20 years once she reaches retirement in 2024, thus why we want to top it up.0
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OK many thanks!0
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as i understand it she will be able to top up this year if necessary and also 23/24. But not the 24/25 year.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
Check your state pension on: Check your State Pension forecast - GOV.UK
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
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Not the 24/25 year, as jem16 advised the year in reach pension age is reached never counts (because it cannot be a full year).Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.0
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