11 Nov 2019, 20:48
11 Nov 2019, 23:37
12 Nov 2019, 17:38
12 Nov 2019, 20:20
17 Nov 2019, 17:55
TheStrangler wrote:How do you go about paying up front" as it were to get the maximum pension when you're that age?
My record says no gaps", but I couldn't see any way to pay a lump up front. If I were to pack up work it would appear I'm 4 years short of getting the full state pension @66.
If you can't pay an up front amount can you just claim pension credit to make up the shortfall or doesn't it work like that?
17 Nov 2019, 18:46
RobertT wrote:I would recommend everyone looks into their state pension entitlement. Once who've set up your online account, you can check it anytime to make sure you're on track.
Many people will probably assume they'll get the full rate(currently £168.60 per week), but that might not necessarily be the case. So if you know what you'll get in advance it'll help with your financial planning, you won't get any nasty surprises at the point of claiming your state pension and you'll have time to do something about any shortfall you may have.
I've just checked mine, and as of 5th April 2019 I have 4 more years to contribute until I hit the maximum I can get. Which takes me up to just before my 55th birthday.
Shame I won't be able to claim it until I'm 67.