Tom

I wasn't asking about pension entitlement, I was trying to start a discussion on whether or not it was a good investment for me

Hi, I'm currently 30 years old and I'm trying to work out whether it makes sense to contribute to NI. I moved to the US after uni and have lived and worked here since. I worked part time and paid a little NI, but never worked full time in the UK. It doesn't seem like I'm eligible to make Tier 2 contributions, so my required catch up contributions total approximately £8,100 from 2014-2023. Assuming I pay £907.40 in 2024 and every year for the the following 35 years (with no growth), then I take £11,541.90 per year from ages 68 through 85 (which, I'll note, is 5 years longer than life expectancy), I will have paid £39,025.75 and received £192,212.30 for a net profit of £157,186.55. Big dollars, however over such a long period of time I'm not seeing it make any sense. As an IRR, that's 4.6%. If I die at 80, it's 3.9%. Overall, it doesn't seem like a good investment to me. Am I missing something? I can likely make more on taxable investments.