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Contracted Out - advice needed please

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Comments

  • Easyjet77
    Easyjet77 Posts: 125 Forumite
    Third Anniversary 100 Posts Photogenic Name Dropper
    edited 14 September 2023 at 5:53PM
    jem16 said:
    Oh, ok, thank you (sorry, I thought I’d read that it ended in April 2016)
    I’m planning to leave work early, probably Sept 2028, so may not be paying NI until 2035… is there any way of checking what the effect of that might be?
     I’m trying to avoid getting any nasty shocks that could derail plans made based on the information I’ve got now…
    If you post some details of your forecast - all the lines and not just the top figure - along with how many years you had up till April 2016, how many post 2016 and how much your COPE is then we should be able to give you some help on this.
    Thank you :)
    This is what it says:


    I have 39 full years, every year starting 1984-85, so I think that’s 32 years up to April 2016, and 7 years since. 

    I can’t find anything about COPE… where might find this, please?


    So… (finally) my COPE estimate is £19.82 per week 
    Is anyone able to advise what effect stopping work 7 years early (and thus not having NI deductions from salary) might have on my State Pension, please?
    Thanks
    As it stands. No effect whatsoever. It states clearly on the forecast above that you have max possible based on April 23 figures. And no, the COPE figure will not effect your sp figure either.
  • jackieblack
    jackieblack Posts: 10,595 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Easyjet77 said:
    jem16 said:
    Oh, ok, thank you (sorry, I thought I’d read that it ended in April 2016)
    I’m planning to leave work early, probably Sept 2028, so may not be paying NI until 2035… is there any way of checking what the effect of that might be?
     I’m trying to avoid getting any nasty shocks that could derail plans made based on the information I’ve got now…
    If you post some details of your forecast - all the lines and not just the top figure - along with how many years you had up till April 2016, how many post 2016 and how much your COPE is then we should be able to give you some help on this.
    Thank you :)
    This is what it says:


    I have 39 full years, every year starting 1984-85, so I think that’s 32 years up to April 2016, and 7 years since. 

    I can’t find anything about COPE… where might find this, please?


    So… (finally) my COPE estimate is £19.82 per week 
    Is anyone able to advise what effect stopping work 7 years early (and thus not having NI deductions from salary) might have on my State Pension, please?
    Thanks
    As it stands. No effect whatsoever. It states clearly on the forecast above that you have max possible based on April 23 figures. And no, the COPE figure will not effect your sp figure either.
    Thank you 
    Everything will be alright in the end so, if it’s not yet alright, it means it’s not yet the end
    Quidquid Latine dictum sit altum videtur
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