Forecast to get max rate of state pension BUT I've <35yrs qualifying contributions ??

pinnks

Silvertabby said:

HappyHarry said:

You are reading it correctly.

The 35 year requirement only applies to people who started making NI contributions in 2016 or later. Everyone else in a transitional phase, and you will need somewhere between 28 and 44 years of contributions, depending on earnings and contracting out history.

Anything between 28 years and 50 years.  Any more offers?  

I saw a case needing 27 years a few weeks ago and this week someone topped that needing only 26, so we all need to start saying, "Anything between 26 years and 50 years", unless..................

ali_bear

So you have 10 unfilled years, need another 5 for the full SP and plan to work another X years.

You can do the sums, if X < 5 (or is likely to be) then see how much it would cost to buy that many (5-X) years, and compare with the extra pension you'll receive as a result. Based on the estimate you'll be receiving SP for 26 years (from state pension age to 93 (you'll have 25% chance of living longer than this)). 

Guss

ali_bear said:

So you have 10 unfilled years, need another 5 for the full SP and plan to work another X years.

You can do the sums, if X < 5 (or is likely to be) then see how much it would cost to buy that many (5-X) years, and compare with the extra pension you'll receive as a result. Based on the estimate you'll be receiving SP for 26 years (from state pension age to 93 (you'll have 25% chance of living longer than this)). 

No plans to not do the 5 in the next 7 years till I get the SP. Finger crossed I'm still around to kick back a little