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    • Dawnie1610
    • By Dawnie1610 15th May 18, 9:11 AM
    • 3Posts
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    Dawnie1610
    National insurance credits
    • #1
    • 15th May 18, 9:11 AM
    National insurance credits 15th May 18 at 9:11 AM
    I have just checked my state pension for when I retire in 6 years time and it is saying that I will get more than the basic amount, when I check my National Insurance contributions by year some years I have over 52 weeks credited as well as salary bought contributions. One year I have 102 weeks credit contributions. Would this be the reason that it is over the basic pension? and why would I have over 52 weeks credited contributions in one year?
Page 1
    • molerat
    • By molerat 15th May 18, 9:18 AM
    • 18,960 Posts
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    molerat
    • #2
    • 15th May 18, 9:18 AM
    • #2
    • 15th May 18, 9:18 AM
    Only 52 weeks will count in one year and none will be carried forward or add to your pension entitlement. Many reasons for getting more than 52 weeks including working and getting credits, often from multiple benefits, at the same time. Your extra amount of pension will be down to the additional state pension - SERPS/S2P/Grad.


    My "best" is Paid employment 308.74 plus NI credits 105 weeks
    Last edited by molerat; 15-05-2018 at 9:22 AM.
    www.helpforheroes.org.uk/donations.html
    • Jack Itin
    • By Jack Itin 15th May 18, 10:03 AM
    • 322 Posts
    • 142 Thanks
    Jack Itin
    • #3
    • 15th May 18, 10:03 AM
    • #3
    • 15th May 18, 10:03 AM
    I had the opposite problem.......not enough full years....I took early retirement at 62 so although I have 48 full years was 3 short.....in the last couple of weeks two "free" years have been added, but I still have one year not full.....I am waiting to see if it will make any difference to my pension.....it's a shame that they don't carry them over.......Jack.
    Retired (Early) April 2015
    • Dawnie1610
    • By Dawnie1610 16th May 18, 7:21 AM
    • 3 Posts
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    Dawnie1610
    • #4
    • 16th May 18, 7:21 AM
    Confused
    • #4
    • 16th May 18, 7:21 AM
    I never opted out or anything like that so really do not understand why it's above basic
    • MK62
    • By MK62 16th May 18, 8:02 AM
    • 170 Posts
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    MK62
    • #5
    • 16th May 18, 8:02 AM
    • #5
    • 16th May 18, 8:02 AM
    It may be down to the level of SERPS/S2P you built up by not being contracted out.


    Basically they worked out what you'd have got under the old system [old pension + SERPS/S2P] and compared it to what you'd get under the new system [new pension - COPE], and you get the higher of the two (COPE is the deduction applied if you were contracted out for any period - if you weren't contracted out, then you won't have a COPE).

    The amount above the level of new state pension is your "protected payment".


    Personally I think they have made a bit a hash of explaining all this....but then it is a government department...
    • Silvertabby
    • By Silvertabby 17th May 18, 7:15 PM
    • 3,026 Posts
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    Silvertabby
    • #6
    • 17th May 18, 7:15 PM
    • #6
    • 17th May 18, 7:15 PM
    I had the opposite problem.......not enough full years....I took early retirement at 62 so although I have 48 full years was 3 short.....in the last couple of weeks two "free" years have been added, but I still have one year not full.....I am waiting to see if it will make any difference to my pension.....it's a shame that they don't carry them over.......Jack.
    Originally posted by Jack Itin
    Mr S is just a couple of weeks younger than you, and we still don't know if his State pension will be 147 or 151. Not really a problem - but I am NOT looking forward to explaining to him (again!) why his RAF pension will be slightly reduced from State pension age because of the NI Modification!
    • xylophone
    • By xylophone 17th May 18, 7:55 PM
    • 25,799 Posts
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    xylophone
    • #7
    • 17th May 18, 7:55 PM
    • #7
    • 17th May 18, 7:55 PM
    have just checked my state pension for when I retire in 6 years time and it is saying that I will get more than the basic amount,
    See"Jenny" page 8.

    https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/181237/single-tier-pension-fact-sheet.pdf

    - it was produced with an estimate of what the new state pension would be - at introduction on 6 4 16 it was 155.65.

    https://www.prospect.org.uk/help-at-work/pensions-retirement/state-pensions/how-much-state-pension
    • Silvertabby
    • By Silvertabby 18th May 18, 11:25 AM
    • 3,026 Posts
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    Silvertabby
    • #8
    • 18th May 18, 11:25 AM
    • #8
    • 18th May 18, 11:25 AM
    !!!8220; I had the opposite problem.......not enough full years....I took early retirement at 62 so although I have 48 full years was 3 short.....in the last couple of weeks two "free" years have been added, but I still have one year not full.....I am waiting to see if it will make any difference to my pension.....it's a shame that they don't carry them over.......Jack.
    Originally posted by Jack Itin
    Mr S is just a couple of weeks younger than you, and we still don't know if his State pension will be 147 or 151. Not really a problem - but I am NOT looking forward to explaining to him (again!) why his RAF pension will be slightly reduced from State pension age because of the NI Modification!
    Update as at 18 May.

    Just received a letter 'confirming' that his State pension will be 147.05 per week rather than the 151 he (we) had been expecting.

    Spoke to a very nice lady on 0800 7310469 (Option 1 - change of circumstances) and she confirmed that the 2017/2018 NI credit had only just been input to his records, ie after the confirmation letter had been generated.

    State pension confirmed as 151.74 per week. He (we) are happy with that!
    • Jack Itin
    • By Jack Itin 18th May 18, 11:40 AM
    • 322 Posts
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    Jack Itin
    • #9
    • 18th May 18, 11:40 AM
    • #9
    • 18th May 18, 11:40 AM
    That is very interesting......I also rang DWP a couple of days ago, although not sure it was the same number, and am still waiting to hear back, the lady I spoke to said she would pass my query on to the "relevant department".....so I still don't know if I am getting 147, or 152.50 per week......the Gov. UK website said on April 26th that it would be 152.50, but of course now that I am in receipt of the pension, I can no longer view the forecast......so there is still hope !!
    Last edited by Jack Itin; 18-05-2018 at 11:45 AM.
    Retired (Early) April 2015
    • Silvertabby
    • By Silvertabby 18th May 18, 12:08 PM
    • 3,026 Posts
    • 4,315 Thanks
    Silvertabby
    That is very interesting......I also rang DWP a couple of days ago, although not sure it was the same number, and am still waiting to hear back, the lady I spoke to said she would pass my query on to the "relevant department".....so I still don't know if I am getting 147, or 152.50 per week......the Gov. UK website said on April 26th that it would be 152.50, but of course now that I am in receipt of the pension, I can no longer view the forecast......so there is still hope !!
    Originally posted by Jack Itin
    The first lady we spoke to could only see 147.05, which is why she suggested that we speak to 'change of circumstances'. That lady could dip deeper into Mr S's records and was able to confirm that the 2017/2018 NI credit had only just been input (the change of circumstances?), and that his pension was 151.74. It took about 10 minutes in all, so I suppose it depends on how busy they are at the time.

    We kept screen prints of the forecast, which were 151.74.
    Last edited by Silvertabby; 18-05-2018 at 12:15 PM.
    • Jack Itin
    • By Jack Itin 18th May 18, 12:34 PM
    • 322 Posts
    • 142 Thanks
    Jack Itin
    Yes, I wish now that I had kept a screen print of the forecast......I wonder how they update these things ?.....my real surname begins with the letter A.....or perhaps it is done with your NI number ?.....I think another call on Monday, to the same number that you used is in order......my only concern is that the year 2015/16 is not a full year, but I am told that this should not affect the final figure.....in any case, why would the Gov.UK website give a figure of 152.50 per week, if it wasn't correct ?
    Retired (Early) April 2015
    • Silvertabby
    • By Silvertabby 18th May 18, 1:16 PM
    • 3,026 Posts
    • 4,315 Thanks
    Silvertabby
    Yes, I wish now that I had kept a screen print of the forecast...!!!8230;...I wonder how they update these things ?.....my real surname begins with the letter A.....or perhaps it is done with your NI number ?.....I think another call on Monday, to the same number that you used is in order......my only concern is that the year 2015/16 is not a full year, but I am told that this should not affect the final figure.....in any case, why would the Gov.UK website give a figure of 152.50 per week, if it wasn't correct ?
    Originally posted by Jack Itin
    I don't think it matters that 2015/16 isn't a full year - that will have been accounted for when arriving at your foundation amount.

    You and Mr S sound very alike - both retired early, similar ages, and both entitled to free NI credits for 2016/17 and 2017/18.

    I think you'll find that your pension will be the 152.50 as per your on-line forecast - fingers crossed!
    Last edited by Silvertabby; 18-05-2018 at 2:01 PM.
    • Jack Itin
    • By Jack Itin 18th May 18, 2:30 PM
    • 322 Posts
    • 142 Thanks
    Jack Itin
    Thank you for that......no doubt Mr. S is in the same position as me, and will have to pay income tax again now.....annoying, but then speaking for myself, I am getting an over 100% pay rise, so can't be avoided, the same as Mr.S this means my private pension will be slightly less per month......the 6 per week extra equates to 288 per year, so as you say fingers crossed !!
    Retired (Early) April 2015
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