Old pension contributions only

mrsmsport

Hi. Can anyone give me an idea. I can’t get a forecast because I’m not in this position. The new state pension was introduced half way through my generations lives. Not yet retired got around 10 years left. 

If I had contributed to the OLD state pension only for all of my working life. And none to the new state pension ‘roughly’ how much pension would I expect to receive at 67/68. 

molerat

Without a forecast who knows.  The pension is very much dependent on personal circumstances and how many years you contributed.  Why can you not get a forecast ? 

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

10 year to go suggests a 1968 birth so 32 NI years available from age 16 to 2016 which could give anything from £169 to in excess of the new pension of £221.20, maybe as high as £387.  So without more information your question cannot receive a sensible answer.

mrsmsport

Thanks for your comment but would like to know if I’d paid in for say - 20years in old pension but nothing in new. Like I said I can’t get a forecast because it’s a hypothetical Q

molerat

20 years of old pension would likely give something between £113 and £126.40 but again depending on personal circumstances could be more.  That is why there is little point and trying to make these stab in the dark guesses.

Marcon

mrsmsport said:

Hi. Can anyone give me an idea. I can’t get a forecast because I’m not in this position. The new state pension was introduced half way through my generations lives. Not yet retired got around 10 years left. 

If I had contributed to the OLD state pension only for all of my working life. And none to the new state pension ‘roughly’ how much pension would I expect to receive at 67/68. 

Impossible to guess. Who knows what the old state pension will be when you reach 67 or 68? And who can say what additional state pension you would have built up on top of the basic old age pension. Or how much 20 years of contributions would have got you - it would depend on when they were built up and how many years (at that time) were required for a 'full' state pension.

zagfles

Unless you're self employed, almost certainly more in the old state pension, based on post 2002 rules.