this pensions fiasco

[southeastastra]

(for sahm's in case you're wondering, i know there are alot of fiascos atm).

i can't find any info online about it. can anyone else? i'm stupidy worried about it.

According to BBC morning news programme, it was a proposal to improve the current rules where you have up to 6 years to repay the NI contributions you would have paid when working. They're leaving it as it is.

great. now i can look forward to eating catfood when i'm old.

(I know this isn't funny. I'm a SAHM and very definitely screwed)

Don't suppose it makes a lot of difference TBH. It's a pretty uselessly-low amount anyway, so getting only 80% of it, or whatever, when you retire, probably doesn't leave you much worse off.

What I mean is, if you want a decent amount of pension, you need to make your own arrangements not rely on the state pension.

found this from mail online

i was going to pay!

really foofi? i don't understand it much tbh

Well, I have already been off work for 11 years, so even if I repay the last 6 years now (which I'm not in a position to do) I would have lost 5 years out of a working life of, say, 40 years.

Southeastastra, they're not saying you can't repay it as before, they're saying they're not making changes to improve what it was before.

you had to make extra payments within 6 years. they were talking about extending it for SAHMs so that we have more time to make up the missed payments. (cause you know we're all rolling in dough within 6 years of having the kids)
they looked into extending the time and decided against it.

I thought that if you got child benefit then your NI contributions were covered? I'm now horribly confused and slightly panicking.

I thought the same as RubberDuck?

Panic not ladies - if you are not eligible for a pension when you reach retirement age your income will be topped up with benefits so:

it doesn't make any difference whether the government calls the payment "pension" or "benefit" you will still get the same amount.

oh we can relax then