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Gov.UK - National Insurance record and State Pension forecast
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Sunshine_Girl21
Posts: 5 Forumite
Hello
I'm a little confused by the Gov.UK site, so hoping someone can advise me. My husband and I both retired March 2023. My husband's National Insurance record full qualifying years show as 44 and mine show as 43 years. We are both showing State Pension forecasts of £230.25 pw and that these forecasts cannot be improved. However for us both the year 2023 - 24 is showing:
"Year is not full"
"Pay a voluntary contribution of £907.40 by 5 April 2030. This shortfall may increase after 5 April 2026." We are both now living on our small work based pensions and looking forward to when our State Pensions come into play. However not sure if we should be making these voluntary payments, which seem rather large.
Thank you in advance.
I'm a little confused by the Gov.UK site, so hoping someone can advise me. My husband and I both retired March 2023. My husband's National Insurance record full qualifying years show as 44 and mine show as 43 years. We are both showing State Pension forecasts of £230.25 pw and that these forecasts cannot be improved. However for us both the year 2023 - 24 is showing:
"Year is not full"
"Pay a voluntary contribution of £907.40 by 5 April 2030. This shortfall may increase after 5 April 2026." We are both now living on our small work based pensions and looking forward to when our State Pensions come into play. However not sure if we should be making these voluntary payments, which seem rather large.
Thank you in advance.
0
Comments
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If your forecast is showing full amounts that cannot be improved, making voluntary payments will have no benefit for you.3
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Its a bit naughty the website suggests it if the "target" has already been reached, to be honest. Wonder how many people have made needless payments?TadleyBaggie said:If your forecast is showing full amounts that cannot be improved, making voluntary payments will have no benefit for you.1 -
Can you post a screen shot of the info showing on the forecast page? Make sure your name/NI number are blanked out.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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Check your state pension on: Check your State Pension forecast - GOV.UK
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
⭐️🏅😇1 -
The NI record is merely a statement of fact and as far as the tax man, who is responsible for that part, is concerned the year is not full and it will cost £x to fill. The pension forecast belongs to DWP and is based on the data from the NI record and is explicit about what you need to do. They are two completely different and separate things.1
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You’re all done and dusted. You have no need to pay anything more and will receive the full new state pension.Sunshine_Girl21 said:Brie said:Can you post a screen shot of the info showing on the forecast page? Make sure your name/NI number are blanked out.
Hi Brie, thank you for your comment, please see below
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