State pension and COPE

german_keeper

Zolablue said:

Dazed_and_C0nfused said:

Zolablue said:

Dazed_and_C0nfused said:

Zolablue said:

When I click through to see my NI record it says that I have 41 years of full contributions. 

Some people under transitional rules (which you are) need about 50 years so having 41 years doesn't really mean much.

Does your forecast (not the headline figure) make it clear you have already accrued £203.85 and even if you continue working and adding additional qualifying years you won't be able to improve that figure nay further???

Well, at the bottom of the screenshot it says that "You cannot improve your forecast any more"
It then goes on to say that I will still need to pay national insurance whilst I'm working until my retirement date. 

There's nothing about requiring extra years. My wife's statement clearly states that she has 3 more years to go to get the full amount. I can't see any similar statement on my forecast summary 

Sounds like you have reached your maximum then and the £203.85 will only change for the annual triple lock increases now.

Thanks for your help (and Molerat's help). I understand that it can be frustrating answering, what seem to be, stupid questions and so I really appreciate it when you both still make the effort to assist.

That part of the forecast is a very strange one. I think it is very clear as do plenty of other posters. But you and your wife are far from alone in not thinking it is clear. Lots of similar threads to this one. All very odd and probably just an indication of how different people's brains work. Doesn't mean anyone is more or less stupid than the next one.

DIY is like the dark arts to me. I have loads of mates who just look at something and can see straight away what needs to be done. For me I have absolutely no idea.

Zolablue

squirrelpie said:

Zolablue said:

should I be able to transfer my SERPS pension plan to a different supplier if I so wished?

It depends on the details of your existing pension (which you call your SERPS pension). If it is a DC pension then probably yes, unless it has protected rights. If it is a DB pension then probably no. There are many more details, hence the 'probably'.

Hi, thanks for your response. It is a DC scheme that is currently run by Reassure. As far as I am aware there are no protected rights.
Cheers 

dunstonh

Hi, thanks for your response. It is a DC scheme that is currently run by Reassure. As far as I am aware there are no protected rights.

Protected rights were abolished a decade ago and reclassified as non-protected rights.  Legacy providers tend to refer to them as former protected rights as old software couldn't handle that change.   However, on software changeovers, they correct it.  ReAssure has moved many policies onto their newer software.     So, you wouldn't expect to see any reference to former protected rights if yours is one that has been moved.