Originally Posted by
obnoxio f*ckwit
How then can my COPE amount be higher than that?
Isn't that the point of contracting out?
Pre Apr 16, the state pension was made up of a basic pension (£119pw) and an additional state pension - which is the bit that takes it up to £155pw. We were contracted out of that additional bit and the money went instead into our workplace pensions - the rationale being that it would make more in our workplace pensions than the additional state pension. Your COPE should therefore be more than the difference between the basic and the full state pensions - otherwise it would not have been worthwhile contracting out.
What I dislike about the pension forecast site is that it forecasts me getting the full state pension - but then says 'but only if you contribute for the next 9 years' - which I won't.
There is guidance on COPE in here:
https://www.gov.uk/government/upload...ned-dwp042.pdf