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Re: Rising cost of living
Quote:
Originally Posted by Julian
State pension figures for next year are outlined HERE  |
the article states
Quote:
How much state pension will I get if I qualified on or after 6 April 2016?
If you reach state pension age on or after 6 April 2016, the starting point for calculating what you get is the ‘full level’ of the new state pension of £179.60 in 2021-22, or £185.15 in 2022-23. But the name is confusing, because you may get more or less than this. If you have made full National Insurance payments, building up additional state pension, you’re likely to get more. If you ‘contracted out’ and paid reduced National Insurance contributions for several years, you’re likely to get less. You’ll get whichever is higher - the amount you would have got on the last day of the old system, or the amount you would get had the new system been in place over the whole of your working life. Government estimates show that only around half of those retiring over the next year will qualify for the full state pension.
Read more: https://www.which.co.uk/money/pensio...t-aukgp6n9jkcz - Which?
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When I checked my forecast (pension starts on 14/11/1956), it states
But I do have 47 years of full contributions.
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