What's your state pension forecast?

[PurpleMoonlight]

Everyone can now check their estimated future state pension.

https://www.tax.service.gov.uk/checkmystatepension


Mine's:

£162.19 from 2028

NB. This is todays value so will increase between now and SPA by whatever the Government apply.

[KingNothing]

£155.65 in 2055.

I'll believe it when I fking see it. Probably been means tested by the time it comes for me.

[trickywoo]

KingNothing said:

£155.65 in 2055.

I'll believe it when I fking see it. Probably been means tested by the time it comes for me.

Absolutely no point in paying your NI contributions if you have any choice in the matter.

[SlimRick]

The earliest you can get your State Pension is 5 December 2039 when you'll be 67, your estimate is
£155.65 a week

Beans on toast for me then.

[Moominho]

The earliest you can get your State Pension is 5 February 2049 when you'll be 68, your estimate is
£155.65 a week

ste.

[Oakey]

£155.65 in 2049...

[essayer]

Beans will probably be £10 by then

E: my dad's is £269, how has he wangled that? He's 65

[gashead1105]

Regardless of what the linked to site says, my bet is that when I hit 65 in 30(ish) years time, there is either no state pension or it's means tested and on current form I wouldn't be entitled to anything.

[PurpleMoonlight]

essayer said:

E: my dad's is £269, how has he wangled that? He's 65

State basic pension plus State 2 (SERPS) pension.

[GT03ROB]

KingNothing said:

£155.65 in 2055.

I'll believe it when I fking see it. Probably been means tested by the time it comes for me.

Same amount here but a fair few years earlier!!

I'm actually quite happy with that as it's more than I thought!

Edited by GT03ROB on Friday 1st April 17:38

[Piersman2]

The earliest you can get your State Pension is 2035 when you'll be 67, your estimate is

£159.32 a week.

I've already paid 31 full years of NI, how many do I need to pay to get the full pension as the site seems to indicate I need to continue paying to get it up from £157 it's currently "guaranteeing" to the £159 it's forecasting?

[mickthemechanic]

£155.65 2038 is this in todays money ?

[PurpleMoonlight]

mickthemechanic said:

£155.65 2038 is this in todays money ?

Yep, it's the 'single tier' minimum (subject to sufficient NI history) from April 2016. It should increase each year by at least inflation (but Governments have been known to move the goalposts).

[Robbo 27]

£157.67 in 2018

Good job I have a final salary pension.

I am an old git and its way too late for me but best advice I can give you young uns is to do all you can as regards a private pension because state pensions are worth beggar all less 10% in terms of buying a good quality of life.

[mickthemechanic]

Is this affected if you have other pensions I have 2 closed and one live one.

[Robbo 27]

mickthemechanic said:

Is this affected if you have other pensions I have 2 closed and one live one.

Not a pensions expert but I think that the state pension applies whatever private or company pensions you have.

All subject to income tax of course

[chevy55]

mickthemechanic said:

Is this affected if you have other pensions I have 2 closed and one live one.

Of course it is, you'll pay tax on it and possibly like my neighbour and my uncle not get any state pension at all.

Mine is £167 in 2022, FFS have I got to wait that long.

[GT03ROB]

chevy55 said:

mickthemechanic said:

Is this affected if you have other pensions I have 2 closed and one live one.

Of course it is, you'll pay tax on it and possibly like my neighbour and my uncle not get any state pension at all.

How do they not get ant pension at all?

[numtumfutunch]

£155.65 at age 67

Whats the current PH lease car of choice for a coffin dodger?

[anonymous-user]

Robbo 27 said:

£157.67 in 2018

Good job I have a final salary pension.

I am an old git and its way too late for me but best advice I can give you young uns is to do all you can as regards a private pension because state pensions are worth beggar all less 10% in terms of buying a good quality of life.

You need £1576 a week to buy a good quality of life?
With no mortgage & a Nissan Micra etc I could get by on far less than that!