Author Topic: State Pensions and NICs  (Read 27 times)

Offline tecspec

  • Founder
  • Bachelor
  • *
  • Thank You
  • -Given: 44
  • -Receive: 26
  • Posts: 579
  • Helpfulness: 39
  • I'm Welsh and proud of it.
    • Soosie Wales
State Pensions and NICs
« on: 19 July, 2018, 11:46:24 AM »
I'm confused.
I had the understanding that to qualify for full state pension you had to have a certain number of years of National Insurance Contributions (NICs). I believed that it was 30 years.
As we are planning on retiring next year, I've just checked my expected Pension. It says that I have 42 years of NICs but as 4 years were not full (2011-2014) my state pension will be lower than expected.

Is the sum they quoted just an estimate? Do they calculate from your pension age backwards or for your whole working life?