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Old 18th Apr 2016, 17:07
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Swil
 
Join Date: Nov 2014
Location: Cornwall
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Originally Posted by BeachedWhale
I would like to jump in on this forum ref pensions.
I have heard that my contributions to the National Insurance for the 36 years of service is now considered as only a half stamp, thereby only allowing me to draw a reduced state pension.
Is this correct?
BW, I thought that if you had the 35 qualifying NI contribution years you would get the full Basic State Pension, currently/now £155 ish pw. However, the additional state pension would be reduced or zero if you were contracted out. Probably best to get HMRC to send you a state pension forecast? I think I'll get another one to check!!

Any accountants or tax experts out there?
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