Timothy Sumer

Even if your State Pension forecast shows you as having paid 35 years of National Insurance Contributions you might not get a full State Pension. There was a big change to the State Pension system back in 2016 and this has resulted in the government trying to make things simpler going forward but with lots of complications in trying to cobble together all of the old rules. Let me explain why you might not have built up a full State Pension even though you have 35 years on your record and what you can do about it. You might not get a full State Pension if you contracted out. Your State Pension forecast will show you your current position. The full new State Pension which was brought in on the 6th April 2016 is currently £179.60 per week (2021/22 tax year). Normally, you need to have paid 35 years of National Insurance contributions to qualify for the full new State Pension. However. Back in the day many workplaces offered pension schemes that allowed you t

Visit State Pension age is the age when you can get your State Pension. Because we're living longer State Pension age is changing for some people. Get to know your pension.... ( read more ) LEARN MORE ABOUT: Retirement Pension Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The State Pension age is the age at which an individual will become eligible to receive a State Pension from the government. This age is different for men and women, and it has been subject to change in recent years. For many years, women were able to receive a State Pension at the age of 60, while men could receive it at the age of 65. However, the age at which women can receive their pension has been increasing over the past decade. This has been done to equalise the pension age for both genders and to reflect the fact that people are living longer and healthier lives. As of 2021, bo