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Help from you clever people with pension forcast

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  • Oh, I see, thank you. Will definitely make a note to check gov website again in June.
  • pinnks
    pinnks Posts: 1,608 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Sometimes the records are not updated that quickly, so don't worry if it does not have the info to 2023 at that point.  Mine took until October one year but it will get updated, so just be keeping checking back...

  • If you plan on working a further 10 years you do not need to  worry. 
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment 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.
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  • daz378
    daz378 Posts: 1,093 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I'm 57 in March, checked my statement, says  I've not earned enough over 5 years 2 years on the dole , 3 years at university,   do have 35 years... need to work at least another 3 for my lgps....at least it says cannot improve my forecast, mentioned  cope amount of £48....10% payrise backdated from April , this month....also double pension contribution of 300 pound....most of it will add to my savings 
  • If you plan on working a further 10 years you do not need to  worry. 
    I do, yes. At least it’s good to know I’m on track and don’t have to buy any years back or rush to beat the April deadline. I’ll still watch Martins pension programme tomorrow evening, but without the sense of dread.

  • sevenhills
    sevenhills Posts: 5,938 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 9 March 2023 at 6:32PM

    It also says ‘like most people you were contracted out of part of the state pension’. I have no idea what this means and if that changes the overall forecast ( in big bold numbers at the top) that my forecast is £185.15 in 2033?

    So that means that you will have another pension somewhere?
    You can also qualify for NI via childcare responsibilities 
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    edited 9 March 2023 at 6:32PM
    Deleted_User said:

    It also says ‘like most people you were contracted out of part of the state pension’. I have no idea what this means and if that changes the overall forecast ( in big bold numbers at the top) that my forecast is £185.15 in 2033?

    So that means that you will have another pension somewhere?
    You can also qualify for NI via childcare responsibilities 
    Thanks sevenhills, yes I realise that now. I wish it stated  that though in clear terms instead of how it’s worded…..it would help simple folk like me! 😀
    Am so glad I started this thread and have had so many knowledgeable people help me.
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