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RE: NHS Employee contracted out query on State Pension
Hi Bee8970, The important figure to look at is the one which says it’s based on your contributions to April 2023. If this says £189 then that is what you will receive per week unless you choose to fill any gaps you may have. Your COPE figure is simply an estimate of what you would have got had you not contracted out. It has no other meaning so please just ignore it. If you’re already in receipt of your contracted out pension, then you’re already receiving all you should get. -
RE: NI Voluntary Contributions Reference Number - now valid until 2025?
Hi HMRC Admin 20 Surely as the 2022/23 prices are being held until April 2025 it shouldn't be necessary to call again as the reference will still be valid? -
RE: State Pension taxable amount
HI HMRC Admin 5 I don't think your reply to Andy Grimshaw can be correct as there is no daily entitlement to the state pension. The only entitlement is to a weekly amount. -
RE: NHS Employee contracted out query on State Pension
Hi tparsky, Yes I'd definitely contact the DWP if there is absolutely no mention of you being contracted out on your forecast. It is possible to have made up to a full nSP if you've worked since 2016 and gained qualifying years but it should still mention it. -
RE: NHS Employee contracted out query on State Pension
Not all occupational pensions were contracted out so you'd need to check that first. Secondly scroll past the figure at the top and it saying you cannot improve your pension. Further down in that forecast it will mention you being in a contracted out pension scheme if you have been. If it's there click on it and see what figure it gives for your COPE. -
RE: NHS Employee contracted out query on State Pension
Your NI Record won't show whether you were contracted out or not. Where you have to look is your State Pension forecast. If you scroll down it will mention that you've been in a contracted out pension scheme. If you click on that you will see details of your COPE amount. Worth pointing out though that if you have no gaps in your NI record you cannot make any additional payments. -
RE: Conflicting information about years worked in France and NIC
Both are correct. The first one applies to the aggregation of years in France and the UK if you needed to meet minimum requirements to be eligible for a UK state pension. For example in the UK you need at least 10 years NICs to qualify for a state pension. If you have 9 or less you would get nothing at all. However if you had 9 years in the UK and 30 years in France you would be considered to have 39 years in total so would now be eligible to receive a UK state pension. However the actual amount you would receive is 9/35ths of the full state pension. You would also receive a state pension from France. -
RE: Don't understand my state pension forecast
Hi Hilary, Based on what you say £195.59 is indeed what you will get if you make no further contributions. Paying for one more year will take you to £201.41. However paying for a second year would only increase your pension by £2.44 as you cannot go above the maximum. The first year is definitely worth it but the second year not so much. -
RE: Don't understand my state pension forecast
35 years only applies to someone who began work from 6th April 2016 onwards. For the rest of us we're in a transitional phase from old to new system and anything from 29 to 50 years may be needed. With 40 years, the only reason you are not getting the full new state pension is because you have been contracted out. During that time you paid less NI as did your employer. In return your works pension makes up the difference. You can improve your state pension by either paying voluntary NI or getting NI Credits. -
RE: I can't get through
HMRC will not be able to give you the answers you want/need. It's the Future Pension Centre that will give you the answer but they're very busy just now. Failing that you can head off to the MSE Forums Pension Board where you will get the help you need.