I'm 65 next month when I'll start claiming my state pension. I've already had a pension forecast saying I should get £107.45 a week basic basic plus £4.62 additional state pension (I've been contracted out for most of my working life).
Now I've received a letter this morning saying that my total Contracted Out Deduction figure is £131.26 a week and I think they are saying that had I not been contracted out, I would have received this amount in addition to my state pension. But that can't be right can it because I understood the maximum state pension for someone who has never joined a private scheme & has worked the 30 qualifying years was around £144. Not my £107.45 plus the £131.26 = £238.71. Very confusing, they can't mean the COD will come off my £112 can they as it is more than that?