Soldato
- Joined
- 24 Jun 2021
- Posts
- 4,113
- Location
- Oxon
Martin Lewis was on telly encouraging people to pay to complete their incomplete NI years before the opportunity to do so goes away.
Info for those interested: https://www.moneysavingexpert.com/savings/voluntary-national-insurance-contributions/
In doing so he said the number of years you need is "35ish". I thought the number of years was 35 exactly. So now I need to figure out the truth!
I looked at my NI record, it's not a great UI as it seems to require using data from multiple pages to figure the situation out.
Pension Summary Page says:
"Forecast if you contribute another 13 years before 5 April 2053: £203.85 a week" (the max)
NI Record page says:
You have:
- 19 years of full contributions
- 30 years to contribute before 5 April 2053
- 3 years when you did not contribute enough (university)
So that sounds like 19+13 = full pension. So that's 32 years, not 35.
Why? How is the years required calculated?
Info for those interested: https://www.moneysavingexpert.com/savings/voluntary-national-insurance-contributions/
In doing so he said the number of years you need is "35ish". I thought the number of years was 35 exactly. So now I need to figure out the truth!
I looked at my NI record, it's not a great UI as it seems to require using data from multiple pages to figure the situation out.
Pension Summary Page says:
"Forecast if you contribute another 13 years before 5 April 2053: £203.85 a week" (the max)
NI Record page says:
You have:
- 19 years of full contributions
- 30 years to contribute before 5 April 2053
- 3 years when you did not contribute enough (university)
So that sounds like 19+13 = full pension. So that's 32 years, not 35.
Why? How is the years required calculated?
