Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Checking NI / Pension Contributions

4 replies

Twinklefucker · 10/09/2019 22:17

In a bid to get on track with NI I've just checked my contributions and don't think I'm understanding this right, can anyone help?

Am I right in thinking it's 35 years contributions for a state pension? If so why do I need to pay another 33 when I have 14 years paid in full? The website isn't helping at all and I'm panicking!

I have the option to pay the last two years which weren't full so I'll do that as if I'm right I have 32 years to pay 33 worth of contributions! Anyone understand this? Tia!

Checking NI / Pension Contributions
OP posts:
Neighneigh · 10/09/2019 22:20

I think it's badly written, I think they mean you have 33 years until your retirement age. So that's 33 years in which you can contribute, not that you have to. I think!

nannynick · 10/09/2019 22:27

Last complete year for which the NI info is available is 2017/18 tax year. April 2018 to April 2051 is 33 years. So 2051 I expect is the year in which you would retire under current state pension rules.

Twinklefucker · 10/09/2019 22:29

Ahh thank you! I find the HMRC so confusing at times. Checked a little further and based on what I've paid in I'd get £79 a week so that must be right. Not that I think it'll still be around when I retire Smile

OP posts:
Wellandtrulyoutnumbered · 11/09/2019 07:57

I'd pay in extra years if you can. I am just a little bit older than you and my pot is £139.

New posts on this thread. Refresh page
Swipe left for the next trending thread