State Pension

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I thought I'd park some links here, as I need to check them.

Here's a nice government guide to the new state pension:
https://www.yourpension.gov.uk/
If your starting amount is less than the full new State Pension
You can get more State Pension by adding more qualifying years to your National Insurance record after 5 April 2016. You can do this until you reach the full new State Pension amount or reach State Pension age - whichever is first.

Each qualifying year on your National Insurance record after 5 April 2016 will add about £4.56 a week to your new State Pension. The exact amount you get is calculated by dividing £159.55 by 35 and then multiplying by the number of qualifying years after 5 April 2016.
from here: https://www.gov.uk/new-state-pension/how-its-calculated

Here's the long guide from DWP:
https://www.gov.uk/government/publicati ... -explained

see section 4b about Carer's Credits and section 4c about increasing the pension through voluntary contributions
here's more on Carer's credits and a link to the helpline number:
https://www.gov.uk/national-insurance-credits

here's more about inheriting your spouse's/civil partner's state pension:
https://www.gov.uk/new-state-pension/in ... il-partner

this link takes you to the page that gives details on voluntary contributions to bump up your pension.
https://www.gov.uk/voluntary-national-i ... tributions
Basically, if you're not employed/self-employed, you can pay class 3 contributions. The rate for April 2017- April 2018 is ₤14.25 per week. So, if you pay voluntary contributions of 52 weeks x ₤14.25 = ₤741, you gain extra pension of ₤4.56 a week or ₤237.12 a year. That means you'll regain the ₤741 you paid in just over three years of state pension - that's got to be worth it, hasn't it?

And here's the contact details to ask questions:
https://www.gov.uk/future-pension-centre
If you're going to pay in extra NI to boost your eventually pension, be sure you don't pay in more than you need to!

The Forecasting Unit lady I spoke to (I MUST go and post the link!) was very good and pointed out to me something along the lines of 'it would be worth you paying two years extra, but no more than that, as it won't get you any more anyway'.

Also if you are self-employed either exclusively or as well, you will need to work out whether it is 'worth' your deferring taking your state pension. The upside is you get a bit more money for every year you defer.

BUT, if you are self-employed and paying Class IV NI, then since you don't have to pay NI any more once you claim your state pension (after the first year of claiming, that is), the amount you may be paying in NI on your self-employed income may be MORE than any uplift in your pension that deferring claiming may bring.

Again, the very nice Forecasting Unit lady talked me through it!
Thanks Jenny - yes, one of the links (the first, I think) leads you to somewhere where you can both find out what your current expected state pension will be and what it will be if you pay no more National Insurance contributions. So, for example, the difference in mine is only ₤9, which is 2 years' contributions. so, even though I could pay 3 years, by the time I'm eligible to draw a state pension, there' s no point paying that extra year.

You may find that the last link in my post is to the unit you're trying to find a phone number for. I'm not certain, but the name's (Future Pension Centre} very similar.

Oh, and self-employed people with profits under ₤6025 only need pay Class 2 contributions - which are only ₤148 for a full year.

:shock: I'm self employed. OK, I don't make a profit... but that means I certainly make less than ₤6025. Hmm... I think I need to ring that enquiry line...
Thanks Hamsterwheel,
I think I am nearly there but not quite, I think from memory they had given me 34 out of 35 years of NI contributions which was a little strange as I've only been working for 32 years.
I'm assuming as my CA has stopped before April 2018 that I won't get a year of NI allocated for 2017-2018 and so will still be 1 or maybe 3 years short.
It seems to be a little confusing if you have a collection of part jobs instead of one full time job. It seems none of your employers need pay NI if you earn below the limit with them although your total earnings in 2 or more jobs may be more than enough.
I need to make sure I don't loose out while I am juggling jobs and dog.