45 years NI contributions required for full state pension?

xylophone

Which seems odd, if I'm supposed to have reached a certain amount by the time the calculation was made in 2016, if you bear in mind that I have 15 pre 2016 years when I contributed nothing at all. 

I have now become somewhat puzzled myself.

Your state pension forecast has been discussed a number of times on the forum, including in my post

https://forums.moneysavingexpert.com/discussion/comment/79803882/#Comment_79803882

You will note that in the above, I had done a rough computation based on approx 25 qualifying years at 6/4/16 with no contracted out deduction.

However, I now see 

https://forums.moneysavingexpert.com/discussion/comment/79803882/#Comment_79803882

 That you have a deferred contracted out DB pension accrued pre 1990 and with a GMP.

Therefore at 6/4/16 (assuming 25 qualifying years)

Old Rules

25/30 x £119.30  + (Additional State Pension - Deduction for Contracting Out)

New Rules

(25/35 x £155.65) - COPE. 

You have never mentioned that a COPE is shown on your forecast - is there one?

Under these circumstances perhaps you need to apply to DWP for a full calculation?

https://forums.moneysavingexpert.com/discussion/comment/79394659/#Comment_79394659


 

ggmf

49 years here with 1 year left, before being able to receive the current maximum £185.15

artyboy

Dazed_and_C0nfused said:

artyboy said:

Dazed_and_C0nfused said:

artyboy said:

p00hsticks said:

Silvertabby said:

Martin was wrong (again!).  He should have said 'anywhere in the range of 30 to 50+ years', not '30 to 44'.

I needed 48 years (44 from working, 4 from paying voluntary Class 3s.  When I mentioned this in a previous post I said that someone else on these boards had needed 49 years, and asked if anyone could beat that.  Someone almost immediately popped up with their 50.

and I may be wrong, but going the other way I think we've also had someone posting who had already reached the maximum with only 29 years (because they had built up a lot of SERPS/S2P prior to 2016),

I'm in the "29 and done" club - or perhaps more accurately, the first time I got a forecast, I was on 29 years full contributions and it was already saying I was on the maximum (which for me is £189.45) with no opportunity to improve. 

I suppose it's possible I got to full entitlement before 29 years but I don't think there's any way to be able to check that. And still at least 17 years before I see a penny of it back as well!

Can't see how that can possibly be correct.

What would stop you getting the final 20p?

With all due respect to your username, I'm the one that's confused now! What 20p?

And I can assure you it was correct that my pension forecast was at the max when I first checked it 3 years ago (when I was on 29 years full contributions). Admittedly back then it wouldn't have said £189.45 a week, but it would have been whatever the maximum was back then, with no opportunity to improve.

I can equally well assure you that it will be at least 17 years before I see anything back in the way of pension payments. Unless the government lowers the SPA, and that ain't happening!

If your entitlement is currently £184.95 and you have 17 years to go to SPA then why couldn't you reach the standard new State Pension amount of £185.15?

Um... you might want to take another look at the number I wrote - to Audaxer's point, I am above the normal maximum, not below it. 

Which is actually interesting in itself because to an earlier poster's point, does that suggest I reached my maximum before  2016? If that's the case, I hit maximum with 26 (or less) years. In absolute terms, I've paid a lot of NI over the years, so there might be a certain amount of poetic justice here, but that's got to be close to a record if so!

Dazed_and_C0nfused

Dazed_and_C0nfused said:

artyboy said:

Dazed_and_C0nfused said:

artyboy said:

p00hsticks said:

Silvertabby said:

Martin was wrong (again!).  He should have said 'anywhere in the range of 30 to 50+ years', not '30 to 44'.

I needed 48 years (44 from working, 4 from paying voluntary Class 3s.  When I mentioned this in a previous post I said that someone else on these boards had needed 49 years, and asked if anyone could beat that.  Someone almost immediately popped up with their 50.

and I may be wrong, but going the other way I think we've also had someone posting who had already reached the maximum with only 29 years (because they had built up a lot of SERPS/S2P prior to 2016),

I'm in the "29 and done" club - or perhaps more accurately, the first time I got a forecast, I was on 29 years full contributions and it was already saying I was on the maximum (which for me is £189.45) with no opportunity to improve. 

I suppose it's possible I got to full entitlement before 29 years but I don't think there's any way to be able to check that. And still at least 17 years before I see a penny of it back as well!

Can't see how that can possibly be correct.

What would stop you getting the final 20p?

With all due respect to your username, I'm the one that's confused now! What 20p?

And I can assure you it was correct that my pension forecast was at the max when I first checked it 3 years ago (when I was on 29 years full contributions). Admittedly back then it wouldn't have said £189.45 a week, but it would have been whatever the maximum was back then, with no opportunity to improve.

I can equally well assure you that it will be at least 17 years before I see anything back in the way of pension payments. Unless the government lowers the SPA, and that ain't happening!

If your entitlement is currently £184.95 and you have 17 years to go to SPA then why couldn't you reach the standard new State Pension amount of £185.15?

Have booked an appointment at Specsavers 🙄

eastcorkram

xylophone said:

Which seems odd, if I'm supposed to have reached a certain amount by the time the calculation was made in 2016, if you bear in mind that I have 15 pre 2016 years when I contributed nothing at all. 

I have now become somewhat puzzled myself.

Your state pension forecast has been discussed a number of times on the forum, including in my post

https://forums.moneysavingexpert.com/discussion/comment/79803882/#Comment_79803882

You will note that in the above, I had done a rough computation based on approx 25 qualifying years at 6/4/16 with no contracted out deduction.

However, I now see 

https://forums.moneysavingexpert.com/discussion/comment/79803882/#Comment_79803882

 That you have a deferred contracted out DB pension accrued pre 1990 and with a GMP.

Therefore at 6/4/16 (assuming 25 qualifying years)

Old Rules

25/30 x £119.30  + (Additional State Pension - Deduction for Contracting Out)

New Rules

(25/35 x £155.65) - COPE. 

You have never mentioned that a COPE is shown on your forecast - is there one?

Under these circumstances perhaps you need to apply to DWP for a full calculation?

https://forums.moneysavingexpert.com/discussion/comment/79394659/#Comment_79394659


 

It has indeed been discussed before. 
I have a DB scheme, but it was not contracted out. I have this confirmed in writing.

Therefore there is no cope figure. 

If I reached the maximum figure in 2016, with only 25 years, then what do you think my forecast would be if I didn't have 15 years missing, and all of that pre 2016??

I'm far from convinced that my forecast is right. 
 
I'll get whatever I get. I can't do anything to change that , so see little point in trying to contact anyone. Especially the way the phone lines are at the moment. 

molerat

Dazed_and_C0nfused said:

artyboy said:

Dazed_and_C0nfused said:

artyboy said:

p00hsticks said:

Silvertabby said:

Martin was wrong (again!).  He should have said 'anywhere in the range of 30 to 50+ years', not '30 to 44'.

I needed 48 years (44 from working, 4 from paying voluntary Class 3s.  When I mentioned this in a previous post I said that someone else on these boards had needed 49 years, and asked if anyone could beat that.  Someone almost immediately popped up with their 50.

and I may be wrong, but going the other way I think we've also had someone posting who had already reached the maximum with only 29 years (because they had built up a lot of SERPS/S2P prior to 2016),

I'm in the "29 and done" club - or perhaps more accurately, the first time I got a forecast, I was on 29 years full contributions and it was already saying I was on the maximum (which for me is £189.45) with no opportunity to improve. 

I suppose it's possible I got to full entitlement before 29 years but I don't think there's any way to be able to check that. And still at least 17 years before I see a penny of it back as well!

Can't see how that can possibly be correct.

What would stop you getting the final 20p?

With all due respect to your username, I'm the one that's confused now! What 20p?

And I can assure you it was correct that my pension forecast was at the max when I first checked it 3 years ago (when I was on 29 years full contributions). Admittedly back then it wouldn't have said £189.45 a week, but it would have been whatever the maximum was back then, with no opportunity to improve.

I can equally well assure you that it will be at least 17 years before I see anything back in the way of pension payments. Unless the government lowers the SPA, and that ain't happening!

If your entitlement is currently £184.95 and you have 17 years to go to SPA then why couldn't you reach the standard new State Pension amount of £185.15?

Been on the sherry / need to go to specsavers ?  They have £189.45 

Dazed_and_C0nfused

molerat said:

Dazed_and_C0nfused said:

artyboy said:

Dazed_and_C0nfused said:

artyboy said:

p00hsticks said:

Silvertabby said:

Martin was wrong (again!).  He should have said 'anywhere in the range of 30 to 50+ years', not '30 to 44'.

I needed 48 years (44 from working, 4 from paying voluntary Class 3s.  When I mentioned this in a previous post I said that someone else on these boards had needed 49 years, and asked if anyone could beat that.  Someone almost immediately popped up with their 50.

and I may be wrong, but going the other way I think we've also had someone posting who had already reached the maximum with only 29 years (because they had built up a lot of SERPS/S2P prior to 2016),

I'm in the "29 and done" club - or perhaps more accurately, the first time I got a forecast, I was on 29 years full contributions and it was already saying I was on the maximum (which for me is £189.45) with no opportunity to improve. 

I suppose it's possible I got to full entitlement before 29 years but I don't think there's any way to be able to check that. And still at least 17 years before I see a penny of it back as well!

Can't see how that can possibly be correct.

What would stop you getting the final 20p?

With all due respect to your username, I'm the one that's confused now! What 20p?

And I can assure you it was correct that my pension forecast was at the max when I first checked it 3 years ago (when I was on 29 years full contributions). Admittedly back then it wouldn't have said £189.45 a week, but it would have been whatever the maximum was back then, with no opportunity to improve.

I can equally well assure you that it will be at least 17 years before I see anything back in the way of pension payments. Unless the government lowers the SPA, and that ain't happening!

If your entitlement is currently £184.95 and you have 17 years to go to SPA then why couldn't you reach the standard new State Pension amount of £185.15?

Been on the sherry / need to go to specsavers ?  They have £189.45 

Yeah, far too much alcohol 🍺🍺

xylophone

Therefore there is no cope figure. 

Then back to the calculation here

https://forums.moneysavingexpert.com/discussion/comment/79803882/#Comment_79803882

If you were not contracted out then you were contracted in.

At 6/4/16

Old Rules

(25/30 x £119.30) + Additional State Pension



New Rules

25/35 x £155.65. 

Your "starting amount" was the higher of the two.

Your forecast is for an amount that is slightly higher than a full new state pension which indicates that your "starting amount" 6/4/16 must have been higher than a full NSP.

This indicates around £56 in Additional State Pension - does this seem likely?

https://adviser.royallondon.com/technical-central/pensions/state-benefits-pension-manuals/state-second-pension-explained/#:~:text=SERPS - an overview&text=When it was first introduced,use the best 20 years

You are in a position to improve your forecast even though it is higher than a full NSP because you did not have 30 pre 2016 years.

See p6 and notes here

https://www.dpf.org.uk/explorer/files/TOPPING-UP-YOUR-STATE-PENSION-GUIDE.pdf

See molerat's post here

https://forums.moneysavingexpert.com/discussion/comment/78998704/#Comment_78998704

molerat

eastcorkram said:

It has indeed been discussed before. 
I have a DB scheme, but it was not contracted out. I have this confirmed in writing.

Therefore there is no cope figure. 

If I reached the maximum figure in 2016, with only 25 years, then what do you think my forecast would be if I didn't have 15 years missing, and all of that pre 2016??

I'm far from convinced that my forecast is right. 
 
I'll get whatever I get. I can't do anything to change that , so see little point in trying to contact anyone. Especially the way the phone lines are at the moment. 

Around an additional £22.30, so £209.48, plus some S2P if accrued from employment by making the pre 2016 years up to 30.  The maximum old pension is currently £327.75

eastcorkram

xylophone said:

Therefore there is no cope figure. 

Then back to the calculation here

https://forums.moneysavingexpert.com/discussion/comment/79803882/#Comment_79803882

If you were not contracted out then you were contracted in.

At 6/4/16

Old Rules

(25/30 x £119.30) + Additional State Pension



New Rules

25/35 x £155.65. 

Your "starting amount" was the higher of the two.

Your forecast is for an amount that is slightly higher than a full new state pension which indicates that your "starting amount" 6/4/16 must have been higher than a full NSP.

This indicates around £56 in Additional State Pension - does this seem likely?

https://adviser.royallondon.com/technical-central/pensions/state-benefits-pension-manuals/state-second-pension-explained/#:~:text=SERPS - an overview&text=When it was first introduced,use the best 20 years

You are in a position to improve your forecast even though it is higher than a full NSP because you did not have 30 pre 2016 years.

See p6 and notes here

https://www.dpf.org.uk/explorer/files/TOPPING-UP-YOUR-STATE-PENSION-GUIDE.pdf

See molerat's post here

https://forums.moneysavingexpert.com/discussion/comment/78998704/#Comment_78998704

I don't know if that seems likely from that Royal London link. It's hard to make much sense of it. Plus it keeps talking about people reaching pension age before 1999. 
If my forecast is right, then fair enough. If it's wrong, as in too high, I'm not going to put much effort into persuading them to put it down. 
I'm more interested in trying to sort out the 15 years I worked in Ireland. But that's leading way off topic. 

I only posted the figures as a counter point to all the .......I've got 41 years, why am I short of £185 posts. 

My state pension comes into payment the year after next ( it sounds closer when I say it that way!)

If I'm still around, I will post what the payment is.