Small Pot Question. Complete Pension Idiot.

xylophone

Marcon. i didn't want to complicate the matter with details so said "full", once i file in April i will have 30 and will need 5 more, there is a note in my account stating my time "opted out". thank you for pointing that out as a helpful reminder.

What exactly does your pension forecast show?

https://www.gov.uk/check-state-pension

Do you mean "contracted out"?

pfpf

https://forums.moneysavingexpert.com/discussion/comment/81885837#Comment_81885837

yes, the forecast says to reach the full 35 years i need 6 more years of contributions, so 5 once i file in april. i worked from 16. SE for the last few, was contracted out of serps for a few.

pfpf

no benefits. all pretty simple finances wise.

eastcorkram

https://forums.moneysavingexpert.com/discussion/comment/81886292#Comment_81886292

Opted out of what?

pfpf

i have edited my post.

pfpf

https://forums.moneysavingexpert.com/discussion/comment/81885972#Comment_81885972

yes, i mean contracted out, thank you. i have 24/25 returns filed but only late january and will file 25/26 in april.

and then there is this added further down….

You’ve been in a contracted-out pension scheme

Like most people,

molerat

The problem for people here is that you keep talking about "35 years" which is of no relevance to you whatsoever. The only thing that is now relevant is number of years that you need to reach the full amount which is 7 - your full amount gap, £44.41, is equivalent to 6.71 years, if your forecast was 35 years based that amount would divide exactly by £6.58.

pfpf

thank you molerat. the thread has drifted from my OP. i did try and keep it to one specific question as i know pensions are not a simple "yes, no" situation but it's drifted in to serps/state pension territory which has actually helped me but deflected away from the original point.

i ramble on a bit.

thanks everyone.

p.s this pension i posted asking about is not the one that when "contracted out" payments were made to. that's a 2nd one i eluded to in the OP.