UK State Pension Top Up Advice Needed

vozfernlee

Would really appreciate some advice.

I live abroad and based on my CF83 results I am eligible for class 2 contributions for 7*pre-2016 years and 8*post-2016 years.

2024-2025 pension estimate is £142.44

Qualifying years = 24 and these are all pre-2016

My COPE is £54.39 (Thanks for the link molerat)

I think my pension forecast is based on the old rules and that my starting amount is £142.44.

My thoughts are that the best option is 5*Pre-2016 at a rate of £5.65 and 8*Post-2016 at a rate of £6.32 which will give me the full pension of £221.20.

All figures given at up to April 2024 rates.

Of the pre-2016 years I will just purchase the cheapest 5 of the 7 available

Any help really appreciated.

Thanks

molerat

Buying 6 pre 2016 +7 post would leave you 61p short so yes to the 5+8.

vozfernlee

I'd calculated it at 62p

The post-2016 years are slightly more expensive but payback is just under 6 months so a no brainer.

Thanks very much molerat for the fast response - really appreciated.