Does the State Pension forecast assume an individual will pay (or be credited with) full rate National Insurance contributions up to State Pension age?
The “Future State Pension” amounts are based on the assumption that you will pay, be treated as having paid or be credited with full-rate National Insurance contributions from the date of the forecast until you reach State Pension age. If you are a married woman who has chosen to pay the reduced-rate of National Insurance – sometimes called “the small stamp” – your “Future State Pension” amounts are based on the assumption that you will continue to pay reduced-rate contributions.
Related Questions
- What does it mean when the Division of Insurance cannot state how much the rate increase will impact individual consumers?
- How many years of National Insurance (NI) contributions and credits are needed for a full basic State Pension?
- Can I pay additional National Insurance contributions to enhance my basic State Pension?
