Buying national insurance years

Mintyrose

I have 9 years to buy to bring me up to 35 years contributions, I've been getting NI credits for the last 3 years, can I buy the 6 years previous to that? Then I can stop having to sign on for credits and doing job searches as I'll be paid up,

Dazed_and_C0nfused

Why do you think having 35 years is important?

Have you checked your State Pension forecast to see how much you have already accrued?

Mintyrose

https://forums.moneysavingexpert.com/discussion/comment/80028608#Comment_80028608

yes,I've got 25 years so far, you need 35 years to get full state person I think?

marlot

Read this first https://www.moneysavingexpert.com/savings/state-pensions/

Mintyrose

https://forums.moneysavingexpert.com/discussion/comment/80028629#Comment_80028629

I just wondering if being in receipt of NI credits now, would stop me buying the years back when I wasn't on them , thanks for the link

Dazed_and_C0nfused

https://forums.moneysavingexpert.com/discussion/comment/80028626#Comment_80028626

35 years is for people starting to pay NI (or get credits) from 2016.

You are under transitional rules so needing 35 years would be a coincidence.

You really need to check your State Pension forecast, reading it in full.

That will show how many years you actually need to reach £203.85/week.

Mintyrose

https://forums.moneysavingexpert.com/discussion/comment/80028712#Comment_80028712

Thanks for the reply, I need 10 years 🫣

TadleyBaggie

I'm not sure you are comprehending this, 35 is almost certainly not the the numbre of years you need for a full SP.

Get your SP forecast and read what it says.

Mintyrose

https://forums.moneysavingexpert.com/discussion/comment/80028826#Comment_80028826

so I need 9 years? Which I've got from 2009-20019? Can't I buy them?

p00hsticks

https://forums.moneysavingexpert.com/discussion/comment/80028845#Comment_80028845

You can buy them, but not all of the pre-2016 years will necessarily increase your pension - five of them certainly will, the others may or not, depending on your particular circumstances.

But, rather that scrabbling to buy previous years, if you do not wish to claim NI credits going forward, then as you are still quite a way off State Pension Age why not simply make voluntary contributions for the current years and years going forward ? That will achieve the same result, and means you are not having to fork out a relatively large sum of money now which you may never see the benefit of if you got hit by a bus tomorrow.

You can set up a direct debit to pay for the current year in monthly installments - just keep an eye on your State Pension forecast and get readly to cancel the DD in nine years or so when you have reached the maximum

https://www.gov.uk/government/publications/national-insurance-application-to-pay-voluntary-national-insurance-contributions-ca5603

Suhusa

https://forums.moneysavingexpert.com/discussion/comment/80028845#Comment_80028845

Where do you get the 9 years from? It says that if you contribute (or get credits for) another 11 years you'll get the maximum amount. So given that you've still got 14 years to go to fill in 11 years of contributions or credits you really don't need to buy old years.