Missing contributions - but is it worth paying?

AUDel
AUDel Posts: 1 Newbie
edited 13 June 2023 at 2:57PM in Topping up your state pension
I'm 52, with 22 full years of contributions and 15 years to contribute before I retire. My record says I have 6 years where I did not contribute enough, 2 of which (2011/12 and 14/15) are "being checked", and another 4 stating that I can make voluntary contributions of £800-odd before 31st of July 23 (these years are between 2012/13 and 2016/17). I have read that there may not be much point in making these contributions - over £3k - as they may not alter my state pension, which currently stands at £130/wk, forecasted to rise to £203/wk if I work for another 13 years, which I am planning to do. Would anyone be able to advice? Thank you.

Comments

  • molerat
    molerat Posts: 31,802 Forumite
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    edited 28 April 2023 at 12:15PM
    If you are planning to work a sufficient number of years to reach the full amount there is little point paying for back years. With only 22 years pre 2016 years cannot fail to add to the pension if you did choose to buy them.  Were you self employed and not paying class 2 for those "checking" years ?  that is the usual reason for that comment.
  • Audaxer
    Audaxer Posts: 3,506 Forumite
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    As you are planning to work for another 15 years, and you only need 13 years NI to get to the maximum, I don't see any point in filling these gaps. It would only be worthwhile investigating whether they would benefit you if you were nearer SP age or were not planning to work for at least another 13 years.
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