Not entitled to a pension 28 February at 12:02PM in Pensions, annuities & retirement planning 6 replies 681 views

KiwiGray

My pension date will be July 2024 and I will only have 8 years contributions and I have no gaps in my payments. On the government site it tells me that I am not entitled to a pension. What happens to all the contributions that I have made in those 8 years? I know that part of the NI contributions go to health. 

Dazed_and_C0nfused

Why can't you make voluntary contributions for 2022:23 and 2023:24?

400ixl

https://www.gov.uk/new-state-pension

This states that: You’ll usually need at least 10 qualifying years on your National Insurance record to get any State Pension. They do not have to be 10 qualifying years in a row.

Read the link though as that is a broad brush statement. If it does apply to your circumstances then as suggested above, maybe you can get to 10 years through voluntary contributions.

TadleyBaggie

KiwiGray said:

My pension date will be July 2024 and I will only have 8 years contributions and I have no gaps in my payments. On the government site it tells me that I am not entitled to a pension. What happens to all the contributions that I have made in those 8 years? I know that part of the NI contributions go to health. 

Seems to be a common misconception that NI payments are put into a state pension "pot", they are not. NI is just another tax revenue stream for the government.

molerat

The question must be asked - why have you only got 8 years and no gaps ?  Is your user name part of the reason ?  If so there may be some room for hope

xylophone

My pension date will be July 2024 and I will only have 8 years contributions and I have no gaps in my payments

Did the OP emigrate from New Zealand to UK around six years back? He expects to pay NI only for another couple of years?

https://www.mfat.govt.nz/en/countries-and-regions/europe/united-kingdom/new-zealand-high-commission/living-in-the-uk/social-security-agreement/#:~:text=Retirement Pensions,United Kingdom benefits and pensions.

Marcon

KiwiGray said:

My pension date will be July 2024 and I will only have 8 years contributions and I have no gaps in my payments. On the government site it tells me that I am not entitled to a pension. What happens to all the contributions that I have made in those 8 years? I know that part of the NI contributions go to health. 

Like every other tax, they've already been spent by the government of the day...