One of the problems is being contracted out and if I understand it correctly it saved the individual a small amount of money but it also saved the employer money.
Years ago when we needed 49 years the GOV gave you 4 so only needed 45. Maybe that’s where the 35 to 39 years comes from.I have done that and as I say I can't see anywhere where this rise from 35 to 39 years is mentioned. Can you/anyone specifically point me to that please? NB The Governments own website specifically says 35 years:
"You’ll need 35 qualifying years to get the full new State Pension."
How to get and claim your State Pension, State Pension age - for men born on or after 6 April 1951 and women born on or after 6 April 1953www.gov.uk
Fyi mine (off the link provided which is my Govt Gateway account) says...
You can get your State Pension on 20 January 2034. Your forecast is
£179.60 a week
£780.94 a month, £9,371.27 a year
- is not a guarantee and is based on the current law
- is based on your National Insurance record up to 5 April 2021
- does not include any increase due to inflation
£179.60 is the most you can getYou cannot improve your forecast any more.
If you’re working you may still need to pay National Insurance contributions until 20 January 2034 as they fund other state benefits and the NHS.
Your forecast may be different if there are any changes to your National Insurance information. There is more about this in the terms and conditions.
You’ve been in a contracted-out pension schemeLike most people, you were contracted out of part of the State Pension.
in your screenscrape of the info, you didn't include the first part - how many years of full contributions and how many years more you need (if any).
To get the number of years of contributions, look at https://www.tax.service.gov.uk/check-your-state-pension/account/nirecord
To get the number of years still required, look at https://www.tax.service.gov.uk/check-your-state-pension/account
If you still have to add contribution years to get the full pension, add the two together and what does it add up to? 35? 39?
If you don't have to add any more years, how many FULL years of contributions do you have? under 39?
that will tell you what YOU need. that is the information YOU need. Get it from the horses mouth, not a forum.
I think the new number is 39 full years, up from the 35 previously.
The cost per year to top up varies, but I don't think it is at the level of £880 a year? Costs me around £200 or so (it may depend what class you are able to top up with I guess).
Just logged onto HMRC and I see:
And "Forecast [for full pension] if you contribute another 3 years" - so it is 39 years
- 36 years of full contributions
So you have a full State Pension with 34 year of full contributions then. How come that is that case then?
I spent around 90 minutes on the phone to HMRC and NI earlier this week to check all MY details. I know as I got it from the horses mouthCouldn't tell you but I would re-check yours as even the Government website says 35 years. As you say, the horses mouth rather than a forum!