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Qualifying years: 1/30th or 1/35th?

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Comments

  • molerat
    molerat Posts: 35,855 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 11 March 2023 at 10:02PM
    A current amount of £100.08 with 6 post 2016 years means your starting amount at April 2016 was £57.46. 11 x new scheme (£4.45) = £48.92 which is less than the actual amount so you came under the old rules with a basic pension of £43.74 (11 x £3.98) and an additional pension of £13.72.  You need another 17 years to reach the full £185.15 with 30 years remaining, 16 will get you to £184.72 at £5.29 each with the final year adding 43p.
  • cbmaxyz
    cbmaxyz Posts: 57 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Thank you very much, that certainly takes away some of the mystery.  Soon I'll have new numbers as I recently topped up 2007-8 (I'd paid Class 2 for most of that year and just needed a small Class 3 top-up).  At that point I'll decide whether to pay 2006-7, though probably won't, given what was said earlier in the thread about working abroad.
  • molerat
    molerat Posts: 35,855 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Paying 2007-08 has taken you to a current amount of £104.81 meaning that you now need 16 more years, the final one adding 99p. If you pay 2006-07 that will take you to £109.54 with 15 left to pay and the final one adding £1.55.
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