State pension forecast questions

Audaxer

tempus_fugit said:

ader42 said:

p00hsticks said:

Jogeyy said:

Hi all, 
My online state pension forecast says "Your forecast is £185.15 a week"  "£185.15 is the most you can get"
My online national insurance record says "You have:

• 34 years of full contributions
• 2 years to contribute before 5 April 2024"
  

The reported presence of the statement ""£185.15 is the most you can get"" suggests to me that the OP is already at the maximum, and further contributions for the two future years would not increase the amount (although if the OP is still working, they'll need to continue to pay NI until they reach State Pension Age)

 "Your forecast is £185.15 a week"  "£185.15 is the most you can get" actually means you will get £185.15 IF you contribute for the two future years - it’s a forecast of what you will get IF you continue to contribute.

They really should word this better imho.

In which case is there not a second figure that shows the amount accrued so far? Mine certainly does.

Yes, I think it should show a figure "Estimate based on your National Insurance record up to 5 April 2022". If he does have 2 years to pay to get to £185.15, the Estimate figure should be £174.57.  If it doesn't show an Estimate figure, he might already be at the maximum, but it doesn't seem very clear.

P933alilli

If an estimate is for £185.15 per week at 67 and i cant get anymore than that i assume thats just todays figure and i'd still get the increase of 10.1% due to inflation taking it to £203.85?

Audaxer

Collyflower1 said:

If an estimate is for £185.15 per week at 67 and i cant get anymore than that i assume thats just todays figure and i'd still get the increase of 10.1% due to inflation taking it to £203.85?

Yes, the £185.15 pw maximum will increase by 10.1% in April.

Pat38493

Jogeyy said:

Hi all, 
My online state pension forecast says "Your forecast is £185.15 a week"  "£185.15 is the most you can get"
My online national insurance record says "You have:

• 34 years of full contributions
• 2 years to contribute before 5 April 2024"
  
  I thought you have to have 35 years to get a maximum state pension so how can I be forecast to get the maximum with only 34 years of contributions?

Secondly, my online state pension forecast also says "Contracted Out Pension Equivalent (COPE)

Your COPE estimate is £22.14 a week" 

Does this mean that  that instead of getting the full amount forecast above i.e. 185.15 per week I will get 
185.15 - 22.14 i.e. £163.01?  Or will I still get the full £185.15 despite having been in this contracted out scheme?

Thanks

LOL I asked almost the exact same question here a while back and as above was assured by multiple posters that you ca ignore the cope figure - if it says you cannot increase your pension anymore you are good to go.  I still think the language around the cope figure could be made even clearer on there to categorically state that this was already factored in to your estimate and it could also categorically state that even if you stop working tomorrow and pay no more NI for the rest of your life you will still get the full amount. 

Prestonian1950

I have been trying to get a new pension forecast, phoning the Future Pension Centre, as Martin said. I cannot get through, it is always engaged. I have tried at different times of the day, even starting at 8.00am. Does anyone another way to contact htem?

pinnks

Do you not have a Government Gateway ID so that you can get one online?  If not, go to https://www.gov.uk/check-state-pension, click on start and create an ID.  This will then allow you get a copy of your NI record are well and to create a Personal Tax Account (which also gives you access to a pension forecast and your NI record as well as various tax things) 

molerat

Prestonian1950 said:

I have been trying to get a new pension forecast, phoning the Future Pension Centre, as Martin said. I cannot get through, it is always engaged. I have tried at different times of the day, even starting at 8.00am. Does anyone another way to contact htem?

pinnks said:

Do you not have a Government Gateway ID so that you can get one online?  If not, go to https://www.gov.uk/check-state-pension, click on start and create an ID.  This will then allow you get a copy of your NI record are well and to create a Personal Tax Account (which also gives you access to a pension forecast and your NI record as well as various tax things) 

In another post they state they have so a bit confused by the question

I have a Personal Tax account on HMRC.gov.uk. That shows lots of stuff, including National Insurance. From that link, you can see how years you need for a full pension. When the year is not full, it also shows how much to pay to complete that year. My problem is how to pay that amount. Everytime I try to phone the Future Pension number, it is engaged. I have tried at different times. This morning I started at 8.00am but still engaged. Any one got a different number?