State Pension potential shortfall warning

[Brads67]

Yeh you said all that.

Just provide me with a source for the info if you can. No one else seems to have found this issue, just you which makes you vitally important to our future, so please help us out with a source for this issue you have stated will affect us all.

[LeadFarmer]

anonymous said:

[redacted]

Whatever the figure that was quoted on the gov.uk website for that individual.

[LeadFarmer]

Brads67 said:

Yeh you said all that.

Just provide me with a source for the info if you can. No one else seems to have found this issue, just you which makes you vitally important to our future, so please help us out with a source for this issue you have stated will affect us all.

The government don't tell you, its perhaps not in their interest to tell you People are only just starting to fond this out.

As for providing a source, you've obviously not read the thread properly. My sources are real living people that have experienced this. Must I tell them to create a website so I can post a link to it???????????

[LeadFarmer]

anonymous said:

[redacted]

How would i know what the figure said. I wasn't looking over his shoulder when he logged in.

[anonymous-user]

anonymous said:

[redacted]

No doubt more than the £168.

[anonymous-user]

LeadFarmer said:

How would i know what the figure said. I wasn't looking over his shoulder when he logged in.

Maybe you should ask, rather than posting useless information.

[LeadFarmer]

jsf said:

Maybe you should ask, rather than posting useless information.

Maybe you should do your own research on the subject instead of expecting someone else to provide it on a plate?

[LeadFarmer]

Perhaps I need to stay out of this thread for now as it would appear that the information I have posted is useless, and i not believed. It would appear that all proof must exist as a link to a website. If its not on a website then it can't be true.

[anonymous-user]

LeadFarmer said:

Maybe you should do your own research on the subject instead of expecting someone else to provide it on a plate?

I am happy with my situation, it's you that is stirring he pot and worrying people, without it seems, knowing the full information behind the story.

That is not helpful, is it!

[Drumroll]

So you believe what somebody put on a website without any credible link. Then come onto another website and expect us to believe you again without a credible link.

Asking for a credible link on a forum isn't really asking much. Or do we go down the Trump route and believe everything that's said without checking.

[LeadFarmer]

As trying to help others appears to be frowned on, Is there a way of closing or locking this thread?

[Brads67]

LeadFarmer said:

The government don't tell you, its perhaps not in their interest to tell you People are only just starting to fond this out.

As for providing a source, you've obviously not read the thread properly. My sources are real living people that have experienced this. Must I tell them to create a website so I can post a link to it???????????

Strange that my financial advisers have never brought it up. They are real people as well that are paid to know things like this but it's seemingly not on their radar. I wonder why that would be.?

Can you point me towards the financial forum that contains the info you have obtained ?

[Sheepshanks]

LeadFarmer said:

Heres an example of one of the people I was chatting with. It was posted on a website we are both a member of, so this bit of our chat is perhaps not private. I'm not posting a link to the website as its not my place to identify individuals.....


Purely by chance I looked at what my predicted state pension will be as I will reach state pension age next May (65yrs 10 months) I retired from the public sector in 2015 and receive a pension from them. I have 46 qualifying years of payments, you need a minimum of 35 so I thought I was fine. WRONG! My predicted pension is down a fair bit, the reason being.......
 
In 2016 the pension rules all changed. After that date if you still have ANY form of income you have to make NI contributions up until your state pension age.
 
If you are working then they will be taken along with your PAYE tax. HOWEVER if you are just getting a pension then NI contributions are NOT taken automatically from your pension!! . It’s up to you to take positive steps to pay them. If you don’t make these payments your state pension WILL be reduced. For me it’s going to about £20 a week less! That’s a lot of money over a year.

I'm not going to be bold enough to say that's definitely wrong - but I've never before heard of needing to continue to make payments.

I would guess the public sector person being quoted has been contracted out, hence they don't have 35yrs full contributions. So they're getting a reduced pension and have missed out on the opportunity since contracting out ended to get more years in.

[LeadFarmer]

Brads67 said:

Strange that my financial advisers have never brought it up. They are real people as well that are paid to know things like this but it's seemingly not on their radar. I wonder why that would be.?

Maybe because you aren't affected by these changes?

[LeadFarmer]

Sheepshanks said:

I'm not going to be bold enough to say that's definitely wrong - but I've never before heard of needing to continue to make payments.

I would guess the public sector person being quoted has been contracted out, hence they don't have 35yrs full contributions. So they're getting a reduced pension and have missed out on the opportunity since contracting out ended to get more years in.

Yes, as I've said, contracting out can be a contributing factor to this situation.

Regardless, a persons pension forecast may say they have full NI contributions when in fact they might not.

[anonymous-user]

LeadFarmer said:

Maybe because you aren't affected by these changes?

I suggest you bugger off, or post some solid information, as you have thrown a hand grenade in and then have nothing to mop up the mess.

Your basic story is, the government are lying to you, but you have nothing to prove this.

[LeadFarmer]

Drumroll said:

So you believe what somebody put on a website without any credible link. Then come onto another website and expect us to believe you again without a credible link.

Asking for a credible link on a forum isn't really asking much. Or do we go down the Trump route and believe everything that's said without checking.

As I've said numerous times already, I'm not asking anyone to believe me, I'm making the point that some people due to their circumstances, may not get the pension quoted on the gov.uk website. People can do their own research to find out of they are affected. Its quite simple.

I could turn the table and ask you to provide proof that i'm wrong, but I won't do that.

[LeadFarmer]

jsf said:

I suggest you bugger off

I shall do exactly that.

To Bads67, Chicken dinner and jsf - There has been no venom in my posts, and I've not personally insulted anyone, I've simply passed on real life experiences from those who have fallen foul of some changes to state pension and tried to make others aware of a potential problem they may discover in the future. Yet I'm told to bugger off.

To those who are affected, I hope you can take measures suggested to rectify the matter

I have now buggered off.

Edited by LeadFarmer on Friday 3rd January 09:54

[anonymous-user]

LeadFarmer said:

I shall do exactly that.

There has been no venom in my posts, and I've not personally insulted anyone, I've simply passed on real life experiences from those who have fallen foul of some changes to state pension and tried to make others aware of a potential problem they may discover in the future. Yet I'm told to bugger off.

I have now buggered off.

You did no such thing. You posted half a story with a conspiracy theory attached. That's not helping anyone, if that was your intent.

[Sheepshanks]

LeadFarmer said:

As I've said numerous times already, I'm not asking anyone to believe me, I'm making the point that some people due to their circumstances, may not get the pension quoted on the gov.uk website.

That's not what the person you quoted said. They said the website showed they'd be getting less.

The complaint seems to be that they hadn't had a pension forecast because they assumed they would get full pension as they had enough NI years.

What they didn't realise is contracted out years aren't full years. Their public service pension means their 'shortfall' is going to be buttons though.