Originally Posted by
radar101
How many of your 48 years were not contracted out? The way I read it you would need 30 years of contracted in to get the full whack as this new pension was effectively produced by adding the old basic and SERPS bits.
Thanks for the reply. I was contracted in for about 14 years. Your summary of how the new pension was produced is probably the most succinct I have read in this morass. After poking around on the web for a day I think I have a grasp of this and it looks like I'll end up with £119 pw and not the £155 advertised. What galls me more than anything was the suggestion was that it was possible to top up the NI contributions, to achieve the full pension, taking no account of the extra years of contributions over and above the 35 I've already made.