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    • banjodog
    • By banjodog 20th Mar 17, 3:49 PM
    • 28Posts
    • 22Thanks
    State pension calculation
    • #1
    • 20th Mar 17, 3:49 PM
    State pension calculation 20th Mar 17 at 3:49 PM
    My wife and I are a bit confused about the state pension calculation shown on the new HMRC Tax Account page

    Our accounts show that we both have over 35 years of full NI contributions. My COPE is 53.49 a week. My wife's COPE is 64.71 per week

    Yet my estimated state pension is 172 a week, where as my wife's is 130.

    Why the big difference? I will retire in 2022, my wife in 2021

Page 1
    • molerat
    • By molerat 20th Mar 17, 4:21 PM
    • 18,577 Posts
    • 12,733 Thanks
    • #2
    • 20th Mar 17, 4:21 PM
    • #2
    • 20th Mar 17, 4:21 PM
    You will have a higher S2P amount than her. The COPE is only relevant in calculating the April 2016 starting amount.
    In both your cases that starting amount is based on the old 30 yr calculation as it is higher.

    On a positive note your wife will be able to increase her pension going forward by up to another 22.25 depending on her retirement date whilst yours has reached its limit no matter how much NI you pay.
    Last edited by molerat; 20-03-2017 at 4:29 PM.
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