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Topping up my pension
Comments
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It doesn't really work like that.
Contracted in and contracted out (not opted in an out) years both count equally as 'full' years for pension calculations - as do those bought voluntarily or gained via entitlement to various benefits. .
What differs is each individual's 'starting amount' when the new State Pension was introduced in April 2016, when deductions may have been made if you'd been contracted out and so paid a lower rate of NI.
Do you have any years between 2016-17 (inclusive) and the year you reached State Pension Age (exclusive) that aren't currently full ?
If so, you can make a voluntary contribution to fill them and each year will add £5.82 to your weekly pension up to the maximum £203.85. If you don't have any gaps, them I'm afraid you won't be able to increase it above what you currently get, although it's likely as you worked after April 2016 that you are getting more than you would have if the new State Pension hadn't been introduced. ,1 -
When did you reach SPA? With your history, only post 2016 NI years will add to your State pension, but it looks like you may not have had enough time between retirement and SPA to be able to get even 1 year of voluntary NI in.1
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It is a bit more complicated than that. How much do you currently get per week ? Do you have any gaps in your NI record from 2016-17 onwards.In simple terms £203.85 minus your current amount divided by £5.82 gives the number of years you need to reach the full amount. You need that number of post 2016 gaps to b able to reach the max.
Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
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I have worked from 17 until I was 65 I had to wait 1 year to get my state pension at 66, I have checked the DWP site which tells me I have paid in for 50 full years so I think there isn’t an opportunity to top up anything if I can’t top my contracted out years. Thank you all for the information. I will just accept my pension as it stands.0
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Your NI record will clearly show as "Year not full" if it is available to fill.
Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
1
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