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    • kangoora
    • By kangoora 9th Jan 18, 11:19 PM
    • 565Posts
    • 384Thanks
    State Pension Summary
    • #1
    • 9th Jan 18, 11:19 PM
    State Pension Summary 9th Jan 18 at 11:19 PM
    I'm a little confused about this and just trying to confirm what my state pension summary is telling me.

    I've been on my state pension summary and it says my forecast is £159.55/week, fair enough, which is the new basic state pension. Incidentally, I have a COPE of £58.13.

    My NI record says I have 38 years of full contributions plus 1 year missing (I worked abroad in 2001-02) and 12 years of further contributions (up to 2029).

    My confusion comes from the fact that my first 11 years was in the Armed Forces and for a number of years after that I was definitely contracted out (off the top of my head around 7 years). I thought, with those early years of Armed Forces and contracted out pensions, I would not get the full new State Pension.

    Is it saying I need to contribute for a further 12 years to access the full State Pension? Or, is it saying that I currently will get £159.55 without any further NI contributions? I'm hoping the second applies

    Your forecast
    • is not a guarantee and is based on the current law
    • is based on your National Insurance record up to 5 April 2017
    • does not include any increase due to inflation

    £159.55 is the most you can get

    You cannot improve your forecast any more.

    Hope this is clear
Page 1
    • molerat
    • By molerat 9th Jan 18, 11:28 PM
    • 18,794 Posts
    • 12,944 Thanks
    • #2
    • 9th Jan 18, 11:28 PM
    • #2
    • 9th Jan 18, 11:28 PM
    The top line should state "You can get your SP on dd mm yyyy. Your forecast is £xxx.xx". It should state "You need to continue to contribute to reach your forecast" and also give you an "Estimate based on your NI record up to April 2017" and a "Forecast if you contribute until April xxxx".
    Last edited by molerat; 09-01-2018 at 11:36 PM.
    • capital0ne
    • By capital0ne 9th Jan 18, 11:29 PM
    • 524 Posts
    • 254 Thanks
    • #3
    • 9th Jan 18, 11:29 PM
    • #3
    • 9th Jan 18, 11:29 PM
    You will get £195.55 the info is really confusing but just ignore the COPE amount
    • xylophone
    • By xylophone 9th Jan 18, 11:44 PM
    • 25,576 Posts
    • 15,105 Thanks
    • #4
    • 9th Jan 18, 11:44 PM
    • #4
    • 9th Jan 18, 11:44 PM
    It would not be impossible to have achieved a full state pension in this scenario.

    As at 6.4. 16 two calculations were done and your starting amount was the higher of the two.

    £119.30 + (SERPS/S2P - deduction for contracting out).

    £155.65 - COPE.

    You have been contracted out for less than half of your working life so far so that it is not impossible that your SERPS/S2P was around £95 - if so, you would have achieved a full NSP even after the COD.
    • kangoora
    • By kangoora 10th Jan 18, 12:10 AM
    • 565 Posts
    • 384 Thanks
    • #5
    • 10th Jan 18, 12:10 AM
    • #5
    • 10th Jan 18, 12:10 AM
    Thanks everyone, I *thought* that it was the case that I'd already qualified for the full SP although nice to have confirmation.

    @molerat - yes, it says my forecast is for my birthday in 2029 and it doesn't say anything about further contributions. It does say "Estimate based on your NI record up to April 2017" - cheers

    @capitalone - cheers also

    @xylophone - thanks for the explanation, I was on an above average salary from 2002 until last year.
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