State pension forecast

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  • dog_nanny
    dog_nanny Posts: 48 Forumite
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    I knew it was too good to be true!
  • xylophone
    xylophone Posts: 44,422 Forumite
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    My post had a few caveats as all necessary information was not provided in the op such as any COPE amount.


    As you say - perhaps the OP will clarify.


    Interestingly at the age of 52 he is already in receipt of a pension and has been at least since 2014.

    http://forums.moneysavingexpert.com/showthread.php?p=65950576#post65950576
  • Silvertabby
    Silvertabby Posts: 9,023 Forumite
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    Interestingly at the age of 52 he is already in receipt of a pension and has been at least since 2014. Posted by xylophone

    Ex Armed Forces? Mr S and I have been in receipt of our pensions since we were 47/44 respectively.
  • ossie48
    ossie48 Posts: 249 Forumite
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    edited 18 October 2017 at 6:55PM
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    xylophone wrote: »
    As you say - perhaps the OP will clarify.


    Interestingly at the age of 52 he is already in receipt of a pension and has been at least since 2014.

    http://forums.moneysavingexpert.com/showthread.php?p=65950576#post65950576

    Hi yes thanks for linking a few things. What do I need to clarify again? I'm in receipt of a final salary pension as you state since 2013...I also have a DB 1964 Barclays pension that was subject of another thread that is untouched as yet.(which you were kind enough to advise me on)

    Cheers
  • molerat
    molerat Posts: 31,864 Forumite
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    edited 18 October 2017 at 7:34PM
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    Does your SP forecast show a COPE amount ? It is a strange coincidence that your currently earned amount is exactly 32/35ths of the full pension if based on the old 30 year rules. A COPE amount / contracted out history is the defining factor on whether pre 2016 contributions will add value.
  • ossie48
    ossie48 Posts: 249 Forumite
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    molerat wrote: »
    Does your SP forecast show a COPE amount ? It is a strange coincidence that your currently earned amount is exactly 32/35ths of the full pension if based on the old 30 year rules. A COPE amount / contracted out history is the defining factor on whether pre 2016 contributions will add value.

    I can't see anything relating to COPE on the record. Is there anywhere I should be looking ?

    It states this

    You need to continue to contribute National Insurance to reach your forecast

    Estimate based on your National Insurance record up to 5 April 2016
    £145.88 a week

    Forecast if you contribute another 3 years before 5 April 2032
    £159.55 a week

    £159.55 is the most you can get
  • molerat
    molerat Posts: 31,864 Forumite
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    There should be a heading "You've been in a contracted-out pension scheme" with a link.
  • ossie48
    ossie48 Posts: 249 Forumite
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    molerat wrote: »
    There should be a heading "You've been in a contracted-out pension scheme" with a link.

    Slightly worried now,,,cant see that heading...
  • molerat
    molerat Posts: 31,864 Forumite
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    edited 18 October 2017 at 9:37PM
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    You would seem to have a problem then.

    You need to contact the NI records office and get them to check on your contracted out status. You could also contact your pension providers to confirm that the schemes were contracted out, 99.99% chance they were..

    https://www.gov.uk/government/organisations/hm-revenue-customs/contact/national-insurance-enquiries-for-employees-and-individuals
  • ossie48
    ossie48 Posts: 249 Forumite
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    Will do that molerat..many thanks
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