State Pension Changes NI Contributions

[GuyBoden]

It's easy, just check your National Insurance contributions here:
https://www.gov.uk/check-national-insurance-record

They'll tell you everything you need, such as; how much you have contributed, how many years you've missed, what years you can still pay, etc.

I've done this a few times, even before their online webpage, when you had to phone/write to them.

 

[yello]

It's easy, just check your National Insurance contributions here:

Yes, it was mentioned earlier in the thread and there was discussion around it and the info it displayed.

 

[DCLane]

My 35 years are done having checked it. Nothing else to do but wait. And keep contributing unless my suggestion to SWMBO that I become a house husband is better received next time

 

[yello]

Nothing else to do but wait

That's the bit the causes the semi-paranoia in me. Rules change, and pension rules will change. You'd hope and believe that once set in stone that you're good to go - but I don't want to be featuring on the next Moneybox Special.

 

[DCLane]

@yello - I'm intending stopping working full-time at around 60, by which time I'd have 42 years in, plus any part-time working afterwards which is a probability so should be OK although I can see them moving my state pension age back even further than they have.

If the government makes it means-tested then I will have an issue.

Both SWMBO and myself are on decent, but not massive, public-sector salaries which therefore provide index-linked pensions. However she's not worked full-time until last year so hasn't got a great pension pot. I've got three other smaller pension funds plus my 'alternative' pensions of antique books/paintings/watches so should be OK but means-testing the state pension would hit us quite hard.

 

[yello]

I can see them moving my state pension age back even further than they have.

I think that's a given. As to when, to what age and who'll be impacted, well, time alone will tell. People are always 'caught out' on the wrong side of a law change (whatever the law) and some will 'suffer' as a result. One just hopes that such suffering is minimal and, most importantly, flagged well in advance so that any mitigating plans/actions can be put in place.

As to means testing on state pension, well my take is that whilst it could happen I don't think it will. Not foreseeably anyway. There'd be a right royal shoot storm if that happened, a real vote killer. Not that I can vote in the UK anymore but us oldies carry some clout at the ballet box.

 

[MontyVeda]

I reckon means tested State Pensions will happen, but not for a few decades. Since introducing compulsory workplace pensions and once most employees will have paid into that for three or four decades, that's when the Gov will be looking at reducing their (our!) expenditure on State Pensions.

 

[DCLane]

@yello and @ MontyVeda - Both my sons don't expect to receive a state pension. I agree that they'll introduce it, but give time to do so. Probably those in their 30's and possibly 40's will be hit. Hopefully not those in their 50's

 

[GuyBoden]

@yello and @ MontyVeda - Both my sons don't expect to receive a state pension. I agree that they'll introduce it, but give time to do so. Probably those in their 30's and possibly 40's will be hit. Hopefully not those in their 50's

Or 60's

 

[Davos87]

After watching that Martin Lewis programme about buying back years I wrote to the Pension Service to enquire about my particular circumstances. They replied that according to their records, I was eligible to buy back 3 years, stipulated how much it would cost, the uplift to my pension and who to pay which is HMRC. I contacted HMRC, Informed them as to the the info I had received and made the required payment. That was end of May. Has anyone else bought back missing years and how long did it take to see the change in your pension?? I’m assuming when I get it it will be backdated to the time I made the payment? I appreciate these things take time but I’m due my next pension payment on the 10th September and if no change will be firing off a letter. Not sure it was Martin Lewis fault but trying to get through on the phone was nigh on impossible. Waited 55 minutes once and then was cut off.

 

[Buck]

Mine took around 2 months to update for my on line record.

 

[Davos87]

Mine took around 2 months to update for my on line record.

Oh thanks for the reply. Get paid again shortly so hope it’s amended.

 

[PK99]

I applied and paid before commencement of pension.
Updating of pension to be paid was almost by return an full correct payment started on correct date.

 

[Ming the Merciless]

After watching that Martin Lewis programme about buying back years I wrote to the Pension Service to enquire about my particular circumstances. They replied that according to their records, I was eligible to buy back 3 years, stipulated how much it would cost, the uplift to my pension and who to pay which is HMRC. I contacted HMRC, Informed them as to the the info I had received and made the required payment. That was end of May. Has anyone else bought back missing years and how long did it take to see the change in your pension?? I’m assuming when I get it it will be backdated to the time I made the payment? I appreciate these things take time but I’m due my next pension payment on the 10th September and if no change will be firing off a letter. Not sure it was Martin Lewis fault but trying to get through on the phone was nigh on impossible. Waited 55 minutes once and then was cut off.

Deadline extended to 2025 now