Pension I am a wondering......

LHW99

Am I correct in guessing  I fall under the transitional arrangements

Indeed you are! You could need 25-50 odd years for a full pension from what I've read here.

huw01

Notepad_Phil said:

huw01 said:

Why does one say I have 35 full years but the other says I need to contribute another 2 years to get the full pension ? Am I correct in guessing  I fall under the transitional arrangements 

Yup that's correct - from memory people on here have taken from late twenty to early fourty years to get a full pension. It's only people who have started working from April 6th 2016 who can (currently) rely on 35 years of contributions to mean a full state pension.

Thank you for confirming. I wish the HMRC would have tooltips on their website to explain these things. They would save a lot of confusion and possibly queries

Dazed_and_C0nfused

huw01 said:

Notepad_Phil said:

huw01 said:

Why does one say I have 35 full years but the other says I need to contribute another 2 years to get the full pension ? Am I correct in guessing  I fall under the transitional arrangements 

Yup that's correct - from memory people on here have taken from late twenty to early fourty years to get a full pension. It's only people who have started working from April 6th 2016 who can (currently) rely on 35 years of contributions to mean a full state pension.

Thank you for confirming. I wish the HMRC would have tooltips on their website to explain these things. They would save a lot of confusion and possibly queries

HMRC no longer have a website but there is some information on gov.uk about this.

https://www.gov.uk/new-state-pension/what-youll-get

Although I think it would fall under DWP's remit not HMRC, to explain your State Pension entitlement

Hoenir

daz378 said:

Freezing tax thresholds,  fiscal drag is a sneaky way to tax pensioners ..reckon will be used in future...again punishing thriftiness 

National Insurance is a tax on jobs.  People in work are productive. This ultimately creates wealth. Far better than  buying / selling / letting  property or borrowing cheaply to speculate on foreign stock markets.