Biker Mouse wrote:If I remember correctly, to get the full enhanced state pension, you have to have paid 35 years NI payments. For each year you are "contracted out" you lose a year from the 35yrs NI payments. The RMPP is contracted out until 2016 so non of us will get the full enhanced state pension. Myself have worked since 1974 and have paid the full 35 yrs but for 8 yrs with RM and 6 yrs with a previous employer will not qualify as I only have 21 yrs full NI. Doesn't matter if you work 50yrs, the NI is a 35 yr max.
From gov.uk
3. How it's calculated
Your new State Pension is based on your National Insurance record.
National Insurance contributions or credits on your National Insurance record before 6 April 2016 will count towards your new State Pension.
Valuing your National Insurance contributions and credits made before 6 April 2016
Your National Insurance record before 6 April 2016 is used to calculate your ‘starting amount’. This is part of your new State Pension.
Your starting amount will be the higher of either:
the amount you would get under the current State Pension rules (which includes basic State Pension and Additional State Pension)
the amount you would get if the new State Pension had been in place at the start of your working life
Your starting amount will include a deduction if you were contracted out of the Additional State Pension. You may have been contracted out because you were in a certain type of workplace, personal or stakeholder pension.
If your starting amount is less than the full new State Pension
You may be able to get more State Pension by adding more qualifying years on your National Insurance record after 5 April 2016 (until you reach the full new State Pension amount or reach State Pension age - whichever is first).
Each qualifying year on your National Insurance record after 5 April 2016 will add about £4.24 a week (which is £148.40 divided by 35) to your new State Pension.
Example
You had a starting amount from your National Insurance record before 6 April 2016 of £120 a week.
You have another 5 qualifying years on your National Insurance record after 5 April 2016 (each year adding £4.24 a week to your State Pension) equalling £21.20 a week.
This adds up to £141.20 a week for your State Pension.
If your starting amount is more than the full new State Pension
The difference between your starting amount and the full new State Pension is called your ‘protected payment’.
Your protected payment is paid on top of your new State Pension and increases each year in line with inflation.
Any qualifying years you have after 5 April 2016 won’t add more to your State Pension.
You didn’t make National Insurance contributions or get National Insurance credits before 6 April 2016
Your State Pension will be calculated entirely under the new State Pension rules.
You’ll usually need at least 10 qualifying years on your National Insurance record to get any State Pension.
You’ll need 35 qualifying years to get the full new State Pension.
You’ll get a proportion of the new State Pension if you have between 10 and 35 qualifying years.
Example
You have 20 qualifying years on your National Insurance record after 6 April 2016.
You multiply 20 qualifying years by £4.24 (which is £148.40 divided by 35).
Your new State Pension will be £84.80 per week.
Your new State Pension is more likely to be calculated in this way if you were born after the year 2000 or became a resident of the UK after 2015.
Get a State Pension statement
You can get a State Pension Statement that can tell you how much new State Pension you may get.
a simple yes or no will suffice