Same. Started work at 18 in 1987 and have been lucky enough to stay employed every day since. I was recently made redundant but managed to line something up to start the next day.
National Insurance Years: 35ish... ish?
- Thread starter throwaway4372
- Start date
The math would make sense... just need some way to prove that's what happened!
Soldato
I paid 47 years and did not get full pension due to contracting out for part of my employment. However I deferred for six months and made it back except for a couple of quid a week.
Found out there was some calculation done when the rules changed in 2016.
However I have no idea how to view the calculation which was done for me, so I'm no wiser.
Sauce: https://www.gov.uk/government/publi...ension-explained/your-state-pension-explained
However I have no idea how to view the calculation which was done for me, so I'm no wiser.
Sauce: https://www.gov.uk/government/publi...ension-explained/your-state-pension-explained
I'm ok with mine,
21 years of full contributions
16 years to contribute before 5 April 2038
14 years when you did not contribute enough
It's not updated for the last Tax year yet though (2022-2023) so when it does it should really be read as..
22 years of full contributions
15 years to contribute before 5 April 2038
13 years when you did not contribute enough
So even with missing a lot of years i'll still be paid up with 2 years to spare, the online forecast calculator shows i'll get the maximum
21 years of full contributions
16 years to contribute before 5 April 2038
14 years when you did not contribute enough
It's not updated for the last Tax year yet though (2022-2023) so when it does it should really be read as..
22 years of full contributions
15 years to contribute before 5 April 2038
13 years when you did not contribute enough
So even with missing a lot of years i'll still be paid up with 2 years to spare, the online forecast calculator shows i'll get the maximum
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Soldato
I have suggested that its opened up for paying any years missing rather than only from 2006
More info about calculating the "starting amount" here:
Maybe I can actually try to calculate this, but not today, it's too hot.
Maybe I'll just call them and ask, but that can wait until they're not bogged down with everyone buying incomplete years.
Maybe I can actually try to calculate this, but not today, it's too hot.
Maybe I'll just call them and ask, but that can wait until they're not bogged down with everyone buying incomplete years.
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can obviously only backdate for 6 years usually (currently, exceptionally, years post 2006), but it is cheaper to backdate now rather than in future, in case you have any future hiccups w/o contribution,
potentially sharing those spares with partner too.
Soldato
- Joined
- 23 May 2006
- Posts
- 7,856
just checked again...... i need to put in another 11 years before 2043 which should be easy enough.
Your forecast is £203.85 a week, £886.38 a month, £10,636.60 a year (I think this is the maximum)
Estimate based on your National Insurance record up to 5 April 2023 £140.04 a week
actually i plan to retire before then. my old work final salary pension pays out at 60, and whilst it wont be amazing, if i combine that with my savings, it will allow me to do ok until my state pension also kicks in.
but even me hitting 60 is 13 years off
Your forecast is £203.85 a week, £886.38 a month, £10,636.60 a year (I think this is the maximum)
Estimate based on your National Insurance record up to 5 April 2023 £140.04 a week
actually i plan to retire before then. my old work final salary pension pays out at 60, and whilst it wont be amazing, if i combine that with my savings, it will allow me to do ok until my state pension also kicks in.
but even me hitting 60 is 13 years off
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Soldato
- Joined
- 31 May 2009
- Posts
- 21,456
pretty much yes, unless they change it so you need 40 years etc as time passes
Suspended
Hmm I was contracted out and non the wiser if I suffer an adjustment or not.
(I am assuming they are assuming not, I was contracted out for about 12-13 years of the 37, which leaves say 24, but I only need 11 from the remaining 14 possible to get to 35 years full contributions non contracted out)
I would take the impression as no from "£203.85 is the most you can get
You cannot improve your forecast any more."
You have:
I did pay £2.05 in the tax year of 88-89 though!
I have a total of 43 weeks of national insurance credits ignoring the first three years. Its why its important to "sign on" so there will be a gap in your payments (you may not get any payments but signing on ticks the box for NI payment even though you are not paying anything), such as a short gap between jobs etc. Or also to make sure you complete all the forms etc when doing things like Jury service.
As your employer may well not record you as working during these breaks. Some will, some won't, assume they won't.
(I am assuming they are assuming not, I was contracted out for about 12-13 years of the 37, which leaves say 24, but I only need 11 from the remaining 14 possible to get to 35 years full contributions non contracted out)
I would take the impression as no from "£203.85 is the most you can get
You cannot improve your forecast any more."
You have:
- 37 years of full contributions
- 14 years to contribute before 5 April 2037
- You do not have any gaps in your record.
I did pay £2.05 in the tax year of 88-89 though!
I have a total of 43 weeks of national insurance credits ignoring the first three years. Its why its important to "sign on" so there will be a gap in your payments (you may not get any payments but signing on ticks the box for NI payment even though you are not paying anything), such as a short gap between jobs etc. Or also to make sure you complete all the forms etc when doing things like Jury service.
As your employer may well not record you as working during these breaks. Some will, some won't, assume they won't.
Caporegime
It shows I had paid NI when i was still in 6th form, and in uni….The only jobs I had back then was picking fruit a couple of times in the summer holiday, but it was so crap i only did it once. I also worked in a factory for a day on 2 occasions Each time. Some how those few days contributed a full year?
You have:
You have:
- 21 years of full contributions
- 23 years to contribute before 5 April 2046
- 8 years when you did not contribute enough
Man of Honour
Correct me if I'm wrong but when I got to 35 years contributions quite a few years ago (2011) I was told if you carry on working you still have to pay it.
According to this you do.
Do I still need to pay NI after 35 years?
You'll continue paying Class 4 contributions until the end of the tax year in which you reach State Pension age. For example, you reach State Pension age on 6 September 2023. You'll stop making Class 4 contributions on 5 April 2024 and pay your final Class 4 bill by 31 January 2025, together with your Income Tax.
According to this you do.
Do I still need to pay NI after 35 years?
You'll continue paying Class 4 contributions until the end of the tax year in which you reach State Pension age. For example, you reach State Pension age on 6 September 2023. You'll stop making Class 4 contributions on 5 April 2024 and pay your final Class 4 bill by 31 January 2025, together with your Income Tax.
I need to contribute another 17 years before 5 April 2058.
Man of Honour
Yeah, it's just a tax.
Soldato
Once you get to 35 years full contributions, you will still continue to pay NI until state retirement age.
Currently, if you are at state retirement age but continue to work, you won't pay NI however that is being changed for April 2024 so that you will.keep paying NI as long as you are working regardless of your age (subject to earning enough of course)
Edit - see my reply @ #39
NI doesn't just pay for pensions.
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Soldato
Do you have a link for that please - would like to read more
Soldato
Hmmm.... I just checked mine and received these credits as well... The weird bit is, I got these credits for the full year when I was still at school at 15 for that year (left school the following Summer)
Guess, although I wasn't 16 into half way through that tax year, it still have me a full year of credits.
Anyone else got full years when they were 15 and still at school?
Soldato
Apologies, it appears this was old info from when the Social Care Levy was to be introduced and then scrapped.
State age pensioners dont pay NICs if they are working.
Soldato
That social care levy shoudlnt have been scrapped - but then again i could make a significant argument that NIC havent been anything like enough for the last 70 years anyway; but thats a political question