Menopause Matters Forum
General Discussion => This 'n' That => Topic started by: Shadyglade on February 05, 2019, 10:30:34 AM
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Hi all,
I read a piece in a Sunday newspaper, a couple of weekends ago, that said that if you want to top up your missing NI years in order to receive the full State Pension, do it NOW.
Apparently from the beings of the new tax year it will cost considerably more to do this. I can't remember the exact figure, but I think it was either 20 or 25 percent more. I myself am short of about 3 or 4 NI years so am looking to do this asap.
Shadyglade ;)
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I'm far too young to even think about my pension.....
Yeah,,,,, wish.....🤣😂🤣
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Ah, your 21 like me. ;D
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Sure am.....baby.....😂
Wish it would tell my body that.....😃
It's like I'm on something, I've been so low, but tonight I've come alive, I've got to get rid of this high before bedtime , else noones gonna sleep......🤗😮😮😬
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Sorry Shadyglade.
I hijacked your thread......with silly nonsense.. sorry.xx
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Perfectly OK.
We could do with some light relief.
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Thank you shady.....
I feel better now....xx
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Hi all,
I read a piece in a Sunday newspaper, a couple of weekends ago, that said that if you want to top up your missing NI years in order to receive the full State Pension, do it NOW.
Apparently from the beings of the new tax year it will cost considerably more to do this. I can't remember the exact figure, but I think it was either 20 or 25 percent more. I myself am short of about 3 or 4 NI years so am looking to do this asap.
Shadyglade ;)
Thanks :)
Do you know how we find out what we ‘owe' please? :-\
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Salad, if you go to the gov.uk website it will tell you how to find your NI record and you can see any gaps.
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Salad, if you go to the gov.uk website it will tell you how to find your NI record and you can see any gaps.
Thank you :)
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Just thought I'd let you know that I am about to do my NI top up, to get the full state pension. I was 4 years short so I'm sending the cheque tomorrow.
The process was quite easy, if a little slow, involving 2 phone calls which finally gave me the amount payable for the 4 missing years. It's worth doing as it will only take 3 years, on the full pension, to make the money back.
Remember that the cost of top up years goes up in April.
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To find out what your State Retirement Pension is likely to be, obtain form BR19 from the Pensions Service. Simply type in State Retirement Pension and you will get the government website. Completion of the form BR 19 will give you a Pension Statement. The Pension Statement will give you details of what your pension entitlement is likely to be when you reach State Pension Age (SPA) and if there are any missing years. There is a time frame in which any individual missing years can be paid for. Each Pension Statement is individual for that person. As someone has already stated the cost for any missing years varies and goes up at the start of the tax year. Hope this helps.
Don't get me started on the changing of State Pension Age for us women who were daft enough to be born in the 1950s. They changed our dates twice, age 65 was bad enough, shifting it on a year was outrageous. Not everyone has or is fortunate enough to have private pensions or financial security to give up work earlier. The Government is so happy that there are now so many people over 60 in paid employment and all records of people over 60 now working have been broken. Look around and see how many men and women at work in many locations look as if they could all do with a years paid holiday, never mind their health issues. The government seem to think older people actually enjoy going to work, I wonder if this is really the case.
All the best for a Happy and long retirement!!!!!! Where have all the mid week shoppers gone? They are all at work or at home helping with the child care of their grandchildren before they go to work.
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I'm a Big Girl now - I had my first payment last week :bouncing:
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:congrats:
I have three years to go. HMRC have cashed my top-up cheque so will now get the full amount. :)
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The goal posts were moved. I had to wait >:( :bang: :bang: :bang:
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Me too. That's why I was determined to get the full amount.
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Which ain't a lot >:( - my NHS Pension pays for 2 loads of heating oil a year ;D - I haven't decided what to spend my Government monies on though I do have ideas ;)
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I had to retire early, after working less and less due to health issues. I am lucky to have a small pension, which was not enough to live on but gives me a bit of independence, but I'm even luckier to have a husband who didn't want to see me struggling to work and has his own pension and continues to work when he wants to because he loves what he does. He got his state pension at 65, but I have to wait until I'm 65.5. .....next September. It won't be a full pension, even though when I stopped working I was told I had paid enough National insurance when I stopped working. The goal posts have moved and I haven't paid any since. To make it up would be a lot of money, which we haven't got lying around. It will make a difference though.
What makes me mad about the pension situation was that politicians have known for many years that there was a problem, but didn't do anything until things became so critical. It would have been a vote loser. And we the fifties babies had little time to prepare.
I worry about my daughter, who struggles to pay for day to day living, let alone pay much into a pension fund. How old will she have to be to a state pension?
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I don't think that's quite right. My husband won't get the full amount of state pension but he has a final salary pension and opted out of some payments.
Most private pension are now defined contributions so are different. I may be wrong but I can't find anything on the pensions website to confirm this.
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I have found it. As I thought reduction in State Pension only applies if you paid reduced NI contributions as part of your Workplace pension. This is not the case with ALL Workplace pensions.
https://www.gov.uk/new-state-pension/youve-been-in-a-workplace-personal-or-stakeholder-pension
Also
https://www.gov.uk/contracted-out
As you can see from April 2016 Opting Out, no longer happens.
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Exactly.
In my case I never had a private /workplace pension as we moved around such a lot, and I only did part time work.
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Yes, I know.
One of the links I gave tells you how to check that on your payslips.