Fill in National Insurance gaps after reaching state pension age and claiming pension

xylophone

Not sure about work pension, been self employed most of working life, only time employed in the 70s. 

He might have a Guaranteed Minimum Pension if he was in a contracted out occupational pension scheme from 6/4/78.

Who was his employer and how long was he there?

Otherwise, he might have contracted out into a personal pension between 6/4/88 and 5/4/2012.

Have you asked you father about pension provision other than state pension?

With regard to making voluntary contributions for the available years, is he eligible to pay at the self employed rate?

See this thread

https://forums.moneysavingexpert.com/discussion/6434992/missed-ni-contributions-for-pension-when-self-employed#latest

sadia2

not sure about occupation pension - i will have to find out who his employers were

he has no personal pension 

he is registered self employed and has been for all the missing years, so I would assume he can pay at the self employed rate

if eligible to take 12 months lump sum, can he hold off so the lump sum falls withing 23/24 tax year as it would be taxable?

sadia2

Update: I rang Pensions Service on 0800 731 7898 and asked the general question about backdating. They confirmed that he can backdate his pension up to 12 months and receive this as a lump sum, any remaining weeks will be spread out as additional weekly payments over his future state pension payments. If less that 9 remaining weeks, he won't get anything additional, if 9 weeks or more then he will get additional payments. So it is best to put the claim in 12 months and 9 weeks from his state pension age or later. The lump sum will need to be declared as income on his self-assessment for the year that he received payment which is likely to be 2023/2024. It will be paid alongside his first weekly payment. I was told, all he has to do when he claims online is when asked from which date he would like to claim he has to select "as soon as possible". 

Dazed_and_C0nfused

sadia2 said:

Update: I rang Pensions Service on 0800 731 7898 and asked the general question about backdating. They confirmed that he can backdate his pension up to 12 months and receive this as a lump sum, any remaining weeks will be spread out as additional weekly payments over his future state pension payments. If less that 9 remaining weeks, he won't get anything additional, if 9 weeks or more then he will get additional payments. So it is best to put the claim in 12 months and 9 weeks from his state pension age or later. The lump sum will need to be declared as income on his self-assessment for the year that he received payment which is likely to be 2023/2024. It will be paid alongside his first weekly payment. I was told, all he has to do when he claims online is when asked from which date he would like to claim he has to select "as soon as possible". 

I'm not sure that's correct.  State Pension is usually taxable in the year it relates, bit when it's paid.

There are different rules for a deferred State Pension lump sum but only someone reaching SPa prior to 6 April 2016 can get one of those.

You might want to check that aspect so he completes his tax return correctly.