State Pension and Voluntary NI Contribution Advice

jem16

itsmeagain said:

Only quickly scanned but...

You need 35 years of NEW state pensions to get the current max of £185.15 per week.

The NEW state pension only started in 2016, so it's impossible for anyone to have 35 years of NEW state pension contributions before 2051.

So, they value how much your old style state pension is worth at 2016, then add £5.29 per week to your pension for every complete year of NEW state pension contribution you make.

This may sound logical to you but it isn’t what happens. 

Two calculations were done in April 2016, one under the old system rules and one under the new system rules. Whichever is higher is what became your Starting Amount. 

It’s perfectly possible for someone with no contributions or credits in the new system to get the full nSP or even more. 

xylophone

It’s perfectly possible for someone with no contributions or credits in the new system to get the full nSP or even more. 

Indeed - particularly if  reasonably well paid and contracted in for most or all of  his working life.