We're aware that dates on the forum are not currently showing correctly, and that mobile users may see some extra spacing between threads. Please bear with us while we get this fixed.
We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
We're aware that dates on the Forum are not currently showing correctly, and that mobile users may see some extra spacing between threads. Please bear with us while we get this fixed, and see Site Feedback for updates.

State Pension Qualification

Hi All, If I have 35 years of full national insurance contributions and want to retire at 60, will this effect my pension amount when I get to 67. I have heard of a few people not getting the full amount when they were expecting it and I am curious as to why. Regards Jez 

Comments

  • la531983
    la531983 Posts: 2,542 Forumite
    1,000 Posts First Anniversary Name Dropper
    edited 2 October 2023 am31 10:28AM
    Nobody on here can assist unless you tell us what the statement says on the Government website. 

    35 may be enough, or it may not be enough.  Nor do we know how many you will have when you reach 60 as nobody here knows your age. 
  • molerat
    molerat Posts: 33,515 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 2 October 2023 am31 10:33AM
    What you have accrued at the date you stop work is "in the bank" and not making further contributions will not affect that.
    People not getting the full amount is down to them not making enough contributions, not purely number of years, along with misunderstanding how the system works and believing the incorrect press headlines of "35 years" for a full pension.
  • Ayr_Rage
    Ayr_Rage Posts: 1,945 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    All your personal figures are available on the government website.

    The mythical 35 years only applies under the new arrangements, as you are across both you may need a lot more than those 35 to get the full new state pension.

    @Jez1968 there is no "one size fits all" and also numerous threads on this topic.

    I retired at 57 (7 years ago) with 43 full years and I am still 5 years short of the requirement for a full pension.


  • xylophone
    xylophone Posts: 45,426 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    See

    https://www.gov.uk/check-state-pension

    What exactly does your forecast show?
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.3K Banking & Borrowing
  • 252.1K Reduce Debt & Boost Income
  • 452.4K Spending & Discounts
  • 240.9K Work, Benefits & Business
  • 617.1K Mortgages, Homes & Bills
  • 175.6K Life & Family
  • 254.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.