What is Second State Pension?
There is another State Pension, which is also built up through NI contributions, and this is called the State Second Pension (which replaced SERPS). If people are paying over a certain level of NI contributions per year or get the right benefits, their contributions are paid for them. This is worth about £1.60 a week in State Pension paid for every qualifying year’s NI contributions. So a carer or a low earner who has been caring or working for 10 years could get around an extra £16 per week for all those years spent caring. Warning signs that you may have gaps in your National Insurance record: • breaks in paid employment that are not totally covered by benefits or child benefit • time spent caring without realising you were entitled to benefits • you have had periods on low level earnings, or had several jobs at the same time which paid below the level at which you pay NI contributions • if you have been caring without your own income (and no children under 18) and didn’t receive any
Related Questions
- I will reach State Pension age after 6 April 2010. Do I still need to have credits / contributions for at least 25% of my working life to qualify for any basic State Pension?
- How may a municipality divide its state aid among its pension plans?
- When I retire next yr my state pension and a private pension will?
