So after a pension review today and the depressing outcome of that I was told that after making 35 years of NI contributions you are no longer “paying into your state pension pot” anymore and you have to have paid 35 years to get the maximum pension and a minimum of 10 years for the smallest amount.
They reckon about 20% goes to the NHS.
For those that work or contribute to the NI for 35 years should they not get a reduction in rates at that point to reflect this?
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"Don't ask me about pension
Honestly I’m fuming about mine but there’s not a lot you can do
Private pension ?
But he still can't opt out of paying into the state NI, which he is objecting to."
Not objecting to paying into all of it but the percentage of it which no longer pays into my pension pot. |
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"I plan on dying before I retire, they can take what they want. "
At the current rate there’s a good chance we will all be dead before we see state aged retirement or not have much usable after it |
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By (user no longer on site) 12 weeks ago
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"I plan on dying before I retire, they can take what they want.
At the current rate there’s a good chance we will all be dead before we see state aged retirement or not have much usable after it "
See. It's a solid plan!
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"I plan on dying before I retire, they can take what they want.
At the current rate there’s a good chance we will all be dead before we see state aged retirement or not have much usable after it
See. It's a solid plan!
"
I’ve just sat down, we agree on something  |
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"So after a pension review today and the depressing outcome of that I was told that after making 35 years of NI contributions you are no longer “paying into your state pension pot” anymore and you have to have paid 35 years to get the maximum pension and a minimum of 10 years for the smallest amount.
They reckon about 20% goes to the NHS.
For those that work or contribute to the NI for 35 years should they not get a reduction in rates at that point to reflect this?
"
No one is paying into a state pension pot.
The state pension is a benefit, and a very poorly constructed one at that. More likened to a Ponzi scheme than a pension fund |
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"So after a pension review today and the depressing outcome of that I was told that after making 35 years of NI contributions you are no longer “paying into your state pension pot” anymore and you have to have paid 35 years to get the maximum pension and a minimum of 10 years for the smallest amount.
They reckon about 20% goes to the NHS.
For those that work or contribute to the NI for 35 years should they not get a reduction in rates at that point to reflect this?
No one is paying into a state pension pot.
The state pension is a benefit, and a very poorly constructed one at that. More likened to a Ponzi scheme than a pension fund "
My understanding is that you must have made at least 10 years and a maximum of 35 years NI payments of which if you have not made enough you can top up |
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By *oo..Woman 12 weeks ago
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"So after a pension review today and the depressing outcome of that I was told that after making 35 years of NI contributions you are no longer “paying into your state pension pot” anymore and you have to have paid 35 years to get the maximum pension and a minimum of 10 years for the smallest amount.
They reckon about 20% goes to the NHS.
For those that work or contribute to the NI for 35 years should they not get a reduction in rates at that point to reflect this?
No one is paying into a state pension pot.
The state pension is a benefit, and a very poorly constructed one at that. More likened to a Ponzi scheme than a pension fund
My understanding is that you must have made at least 10 years and a maximum of 35 years NI payments of which if you have not made enough you can top up "
You can only "top up" for the previous 6 years though which not many realise until you go and check. |
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