Can't get into telephone queue for the Future Pension Centre

idandy

Hi Molerat thanks for your reply
I finally got through after 59 minutes (so it is worth hanging on)
The adviser suggested I pay 6 years of contributions which would cost me 4893.20 and then a further 2 years at a later date if I wanted to.
She did warn me though that increasing my state pension might impact on the tax I pay on my final salary pension. I need to do some calculations to work out if it is in my favour or not 
There is also the other unknown - will I live long enough to benifit.....

molerat

VCs pay back gross in around 150 weeks.  Even paying 40% tax is still worth it.  Way better value than spending that money on an annuity.

idandy

Hi Molerat 
Thanks again for your help - I will be pursuing the extra 6 years as you say it is worth the outlay.
Would it be possible to get your advice regarding my wifes pension - she has the following forecast

• Maximum amount of forecast 203.85
• Current amount up to April 2022 185.24
• Years you have available going forward until you reach State Pension Age 5
• Number of full years prior to April 2016 35
• Number of full years after April 2016 none
• Years which are not filled
• Whether there is a COPE mentioned and if so what the amount is (this will show by clicking a link there is a statement along the lines of ' like many, you have been contracted out.. 14.21

molerat

She needs 4 more to reach the max, 3 will go to £202.71 and the 4th will add a final £1.14.  Again only gaps 2016-17 and later will add to the pension.

 Is there any possibility of (either of) you picking up and grandparent credits for looking after the grandchildren whilst the parent is at work ?

idandy

Unfortunately they live too far away for any regular duties - thanks for your help again though.

cavycapers

idandy said:

Hi Molerat thanks for your reply
I finally got through after 59 minutes (so it is worth hanging on)
The adviser suggested I pay 6 years of contributions which would cost me 4893.20 and then a further 2 years at a later date if I wanted to.
She did warn me though that increasing my state pension might impact on the tax I pay on my final salary pension. I need to do some calculations to work out if it is in my favour or not 
There is also the other unknown - will I live long enough to benifit.....

Hi Molerat, when I try, I get a line engaged noise.  Did you get that and just held on fo an hour, or was there music or something?  Ta

Mama_Tyke

cavycapers said:

idandy said:

Hi Molerat thanks for your reply
I finally got through after 59 minutes (so it is worth hanging on)
The adviser suggested I pay 6 years of contributions which would cost me 4893.20 and then a further 2 years at a later date if I wanted to.
She did warn me though that increasing my state pension might impact on the tax I pay on my final salary pension. I need to do some calculations to work out if it is in my favour or not 
There is also the other unknown - will I live long enough to benifit.....

Hi Molerat, when I try, I get a line engaged noise.  Did you get that and just held on fo an hour, or was there music or something?  Ta

The line will disconnect on the engaged tone after 30 seconds or so, you need to be in the queue to wait for that kind of length of time, it will be obvious when you are. I've been trying for 3 weeks at all different times and haven't made it into the queue yet.

MallyGirl

8am seems to be the best time

bigfer

Can anyone advise the phone number to obtain the 16digit reference number plus hmrc bank details so I can pay for this year's ni contribution.?
I did it last year without a problem, but can't find the number. I don't need to talk to an advisor over my options. TIA

p00hsticks

bigfer said:

Can anyone advise the phone number to obtain the 16digit reference number plus hmrc bank details so I can pay for this year's ni contribution.?
I did it last year without a problem, but can't find the number. I don't need to talk to an advisor over my options. TIA

It's HMRC's NI Enquiries number - 0300 200 3500
National Insurance: general enquiries - GOV.UK (www.gov.uk)