Triple Lock

[33q]

Welshbeef said:

Apparently you can buy back the COPE years to get a full state pension

Interested to know how....and how much?

[HughiusMaximus]

Byker28i said:

Rather than pump money into a pension I gave it lip service and overpaid my mortgage, so am having to play catch up now,

I'm surprised more people havent figured this out - with rates as low as they are its an absolute false economy to be overpaying on the mortgage.

I'm pumping as much pretax income in to my pension now to take advantage of the tax relief and the compounding effect on the pension growth.

I may well change priority when interest rates increase but for now its a no brainer.

[Welshbeef]

33q said:

Welshbeef said:

Apparently you can buy back the COPE years to get a full state pension

Interested to know how....and how much?

I asked this question as I’m missing £15pw COPE and want to max state pension. A poster flagged it was possible to pay off.

[5s Alive]

That was me but I'm not going forward with it as I no longer need the additional income. Retired in 2016 and had I started earlier could still bring my state pension up to the max by paying yearly lump sums. From age 71 onwards It would be money for nothing. Obviously this depends on specific personal circumstances.

See here

https://www.gov.uk/voluntary-national-insurance-co...