State Pension confusion

Dazed_and_C0nfused

inigma said:

dunstonh said:

inigma said:

QrizB said:

inigma said:

My wife and I were checking our state pensions, I am 2 months older than my wife, we both have 22 qualifying years, but for me i only need 9 years to get the full allocation whereas my wife needs another 14 years.
Can anyone explain why?

One of you was contracted out of SERPS / S2P while the other was contracted in?

I don't think so my wife is NHS from 2005/2006 onwards they wouldn't have contracted out would they?

Yes, the NHS pension was contracted out.   

There were two methods of contracting out. Both called the same but worked differently.  The method used by the NHS meant that she paid lower NI in those years and didn't qualify for the S2P entitlement within the old state pension but the NHS pension makes up the difference.  So, its not lost money. Its just coming from a different source.

So she works another 14 years and gets the full state pension and gets an extra amount from the pre 2016 opt out plan?

Not quite.  She gets the full new State Pension once she has enough qualifying years.

And she has her NHS pension.  There isn't anything else.

Flugelhorn

inigma said:

QrizB said:

inigma said:

My wife and I were checking our state pensions, I am 2 months older than my wife, we both have 22 qualifying years, but for me i only need 9 years to get the full allocation whereas my wife needs another 14 years.
Can anyone explain why?

One of you was contracted out of SERPS / S2P while the other was contracted in?

I don't think so my wife is NHS from 2005/2006 onwards they wouldn't have contracted out would they?

NHS was contracted out - bit the advantage was that she will get the NHS pension