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."
The 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 1953.www.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
Your forecast
- 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 get
You 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 scheme
Like 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!
Checking mine yesterday it seems despite not working the last 7 years I am down as paid in full. I'm wondering what the hell that's all about.???? On my wife's it's accurate. Have they made a mistake if they have I ain't telling them.Lol.An associated aside ...
This thread prompted me to just check something I've been meaning to do for ages!
If you check your NI Record you might see something like this:
View attachment 96498
Which looks like you are missing years of contributions? But click on the details and you may see ...
View attachment 96499
So "Year is not full" may not actually mean that the year is not full, just they haven't done the maths yet.
I just checked my account for 2017-2018 and 2018-2019 and both years I have made the right amount of NI Class contributions as requested so those ARE Full years. A bit misleading if you are trying to work out how many more years you actually need as a minimum.
As I understand it 30 years will give you the basic state pension . Depending on your situation will determine if it's worth forking out another 4k in contributions.Can anyone help?
I may have missed this in all the 'Govt-speak' on line but where can I find my starting amount and the number of qualifying years I need? I have got a Pension Forecast off my Govt Gateway account but it doesn't make it clear regarding the new rules. Also there is no mention of 39 years rather than 35 years.
I manually added up my years including and prior to 2016 as 30 year full years. I have another 4 years of full contributions since 2016. So is it a manual calculation that I need another 5 years to get to the 39 or is there somewhere official on-line I can check this...or do I need to ring the pensions helpline?
ta
There’s a government pension advice line and believe it or not they’re very helpful!
I recently checked my contributions history and needed to top up two years. There were a number of years available for me to top up and the advice guy worked out which two years would be the most economical for me to pay up.
If you’ve still a good number of years to go, it might be worth becoming self employed, cheap contributions and you only have to show very minimal earnings.
Conversely, for someone who has already paid up enough years you can still have the burden of paying NI which won’t necessarily result in a higher pension. Again, it might be worth being self employed to keep excess NI contributions low for your remaining working life.
Lastly. If you defer taking your pension once you reach pensionable age, your future pension payments will increase by 5% for each year you don’t take your pensi
Try getting through to those people at the moment it's madnessI agree with several other posters.The help line for pension contributions is very helpful and have the right knowledge.
Daft of me as I should have been buying more classic bikes to hide the greenbacks.Don’t forget Trev, You’ve also given them your money on a drip feed basis to invest & Make more money on over the years as well
Absolutely mate which is why I say if your going to be claiming benefits as a pensioner all you will need is 30 years. Anything more will be stolen from your back pocket by the government. For us we will wait to see how we are financially nearer the time to see if it's worth our while paying for the extra years. We still have a while to go but I don't fancy lining the pockets of our vile disgusting government in the event they profit by me or my wife dying. In your situation they don't want you having over 10k or they will take credits away. Kind of makes you realise why the lazy stay lazy and are not interested in working. I'm all for leaving this country as I'm totally sick of the way this country is now being destroyed.Im about to lift a lump sum and the barstewarts are taxing me on money i put in from my own earnings which i had already paid tax on, now im reading im to lose some of my working tax credits, the whole sys is a big con as far as i can see, given in one hand and taken by the other.