There has been a lot of publicity about this but I can’t see the harm in reminding contributors to check whether they or their wife has the required number of contribution years to ensure that they receive a full state pension. You have until the end of the month to pay for a shortfall in years. It could be the best investment you make. A guide below:
HMRC does not proactively check that workers have paid the right amount of National Insurance - If you believe you’ve paid too much National Insurance, the first port of call is always to contact your employer. They may be able to refund you using their payroll system. Alternatively, a claim can be made directly to HMRC providing the necessary information is detailed.
LuckyMatty:
HMRC does not proactively check that workers have paid the right amount of National Insurance - If you believe you’ve paid too much National Insurance, the first port of call is always to contact your employer. They may be able to refund you using their payroll system. Alternatively, a claim can be made directly to HMRC providing the necessary information is detailed.
Remember that NI isn’t calculated annually like income tax, it’s calculated weekly. So even though you may be under the annual threshold for paying NI if in any one week you earn above the lower threshold then NI is due to be paid that week.
I’ve just checked mine , 44 yrs , missing 1 yrs , 1991-1992 , no contributions paid , that makes no sense as was 30 & working full time
Other one I don’t get is saying I can retire 2028 , I’ll be 67 , I thought it was 66 ?
dozy:
I’ve just checked mine , 44 yrs , missing 1 yrs , 1991-1992 , no contributions paid , that makes no sense as was 30 & working full time
Other one I don’t get is saying I can retire 2028 , I’ll be 67 , I thought it was 66 ?
For those retiring now the state pension age is 66.
There is a staged increase for those with a date of birth between April 1960 and March 1961, where the state pension age will increase from 66 to 67. I think they do it that way so there isn’t a cut-off date where 1 person gets to retire at 66 and because another person is one day younger they have to wait a year. It will only be a month or so difference in those cases.
Then there is another staged increase for those born between April 1977 and March 1978, where the state pension age will increase from 67 to 68.
I’m in the category of reaching state pension age at 68 unfortunately.
Achieving 35 qualifying years shouldn’t be difficult for most and topping up extra years beyond this would be pointless as the rules stand.
As mentioned check your own expected level of state pension benefit, but more importantly check that for your wife or partner’s. There will be some with a partner who for some reason - illness the most likely, has not worked for many years so has not made enough contributions to qualify for a full state pension. This is particularly important for those whose partner is younger by more than 2 or 3 years; the chances are that you will die first. They need ‘around’ 35 years of contributions to qualify. You can purchase some of the missing years, but there is a deadline for earlier years which is imminent.
The details of what you can do and how are in the link in the original post. You will need an 18 digit number from the Pension Service to make a payment; not a five minute process.
cav551:
As mentioned check your own expected level of state pension benefit, but more importantly check that for your wife or partner’s. There will be some with a partner who for some reason - illness the most likely, has not worked for many years so has not made enough contributions to qualify for a full state pension. This is particularly important for those whose partner is younger by more than 2 or 3 years; the chances are that you will die first. They need ‘around’ 35 years of contributions to qualify. You can purchase some of the missing years, but there is a deadline for earlier years which is imminent.The details of what you can do and how are in the link in the original post. You will need an 18 digit number from the Pension Service to make a payment; not a five minute process.
Does it not allow you to go back more than 6 yrs ? I thought I read that , I was looking at paying for 1991-92 ( I’m sure it said I couldn’t because of 6 yr rule ) , but obviously don’t need too , though I am intrigued how I didn’t pay any ni for that period
Going to check mrs tonight , thanks as didn’t even know you could check it , just assumed you’d get full pension whatever
Noremac:
dozy:
I’ve just checked mine , 44 yrs , missing 1 yrs , 1991-1992 , no contributions paid , that makes no sense as was 30 & working full time
Other one I don’t get is saying I can retire 2028 , I’ll be 67 , I thought it was 66 ?For those retiring now the state pension age is 66.
There is a staged increase for those with a date of birth between April 1960 and March 1961, where the state pension age will increase from 66 to 67. I think they do it that way so there isn’t a cut-off date where 1 person gets to retire at 66 and because another person is one day younger they have to wait a year. It will only be a month or so difference in those cases.
Then there is another staged increase for those born between April 1977 and March 1978, where the state pension age will increase from 67 to 68.
I’m in the category of reaching state pension age at 68 unfortunately.
Achieving 35 qualifying years shouldn’t be difficult for most and topping up extra years beyond this would be pointless as the rules stand.
June 1961 is 67 then I presume ?
dozy:
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Does it not allow you to go back more than 6 yrs ? I thought I read that , I was looking at paying for 1991-92 ( I’m sure it said I couldn’t because of 6 yr rule ) , but obviously don’t need too , though I am intrigued how I didn’t pay any ni for that period
Going to check mrs tonight , thanks as didn’t even know you could check it , just assumed you’d get full pension whatever
At the moment you can go back X number of years, after the end of March (ie in a couple of weeks time), you will only be able to go back and pay for Y number of years.
If this is what you want to do then Please read the link, which will in turn, provide a link to the government website. How many years you need will vary according to personal records. Only fully paid up years count which means you can’t rely on memory. Some of the procedure can be done on line but not all of it, and websites can crash because of demand. Everyman and his dog will be trying from the day before the day before yesterday onwards.
Think they have extended the cut off date by 6 months ie you can pay for missing years upto September-don’t take this as gospel-check on Gov.uk.
Checked mrs ni contributions, she’s got 44 yrs , short on 1 year , 1990-91 , year our girl was born , thanks again , helpfull info
dozy:
]
June 1961 is 67 then I presume ?
Beau Nydel:
Think they have extended the cut off date by 6 months ie you can pay for missing years upto September-don’t take this as gospel-check on Gov.uk.
I heard July.
The extension of the deadline until 31st July was announced by HMG on Tuesday but not reported by the MSM until the following day.