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Record of National Insurance Contributions

GroundHog10
GroundHog10 Posts: 2 Newbie
First Post Photogenic
Good morning, I hope everyone is well. First time posting so not sure if I'm in the right place. Retired two years ago, aged 60, on a work place pension. Recently checked my National Insurance Contributions Record. It shows I have 43 years full contributions - no contributions made in last two years. Projected Forecast states I have not reached maximum state pension and have one year of contributions outstanding. Not sure how this can be. Tried phoning the help-line, no answer. Any thoughts/advice would be very much appreciated.

Comments

  • FrugaiMacDugal
    FrugaiMacDugal Posts: 23 Forumite
    10 Posts First Anniversary Name Dropper
    edited 5 February at 12:22PM
    Asked to be moved to pensions board.
  • Sarahspangles
    Sarahspangles Posts: 2,659 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Good morning, I hope everyone is well. First time posting so not sure if I'm in the right place. Retired two years ago, aged 60, on a work place pension. Recently checked my National Insurance Contributions Record. It shows I have 43 years full contributions - no contributions made in last two years. Projected Forecast states I have not reached maximum state pension and have one year of contributions outstanding. Not sure how this can be. Tried phoning the help-line, no answer. Any thoughts/advice would be very much appreciated.
    You’re in the same position as my OH, he needs to buy a 44th year to qualify for a full New State Pension. He was contracted out during his working years, so his baseline calculation when NSP came in took account of lower State pension contributions. 

    The ‘35 years’ to qualify only applies to Young’uns who joined the workforce starting from 2016.
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  • molerat
    molerat Posts: 33,483 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Why do you think it is wrong? Because you have more than 35 years ? 35 years is of no relevance to anyone with a pre 2016 record.  You were no doubt in a contracted out pension scheme meaning you would need up 50 years depending on personal circumstances.
  • Cobbler_tone
    Cobbler_tone Posts: 493 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    edited 5 February at 12:45PM
    The state pension is a thing of beauty and mystery. The arbitrary x years seems to get brought up time and time again.
    My father-in-law gets £1,600 state pension a month and I have never been able to work out exactly why but everything comes back to SERPS.
  • p00hsticks
    p00hsticks Posts: 13,917 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You'll have been contracted out and so when your 'starting amount' was calculated under old and new rules in 2016  it will have been based on the old rules, as there will have been a deduction made under the new rules to take into account that you previously paid a lower rate of NI.  

    The result of the transitional rules are that everyone born before 2000 will need a different number of years to reach the maximum - anything from 29 to 50. 

    How much short of the maximum £221.20 are you currently ? Buying an extra year may or not be worth it as you cannot exceed that amount and so the final year can add any thing from 1p to £6.32....
  • Thank you, everyone, for for your replies - they were all very helpful and have helped clear up some misconceptions.
  • SVaz
    SVaz Posts: 354 Forumite
    100 Posts First Anniversary
    If you’ve ever done the school run / child care etc. for a Grandchild in your 2 years of retirement, you can get specified adult credits via a Working Son or Daughter’s NI payments.  
    You both fill in a form, they ‘give’ you part of their NI and you get a year’s credit.
    You can claim in the October AFTER the year you gave childcare. 
    My Wife gained 4 years credits that way. 
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