| Topic: | new Single Tier State Pension fiasco | |
| Posted by: | George Turner | |
| Date/Time: | 21/02/15 09:50:00 |
| Any pensions experts out there? I understand the rules change in April 2016 to the new Single Tier Pension scheme. Everyone retiring after that date will need 35 years to get the full STP, but not everyone will get the same amount, as I have discovered. If you were a member of an occupational pension scheme you are deemed to have contracted out of the state pension scheme for those years. So we won't all get the same amount, which is what I had wrongly assumed was the whole point, ie. no fiddling around with top up claims... But what if you have well over the 35 qualifying years contributions? I will have when I eventually retire, so I assumed that I could swap full contribution years for the ones in which I had contracted out. The Pension Service say I can't do this. Any advice? Thanks |