The New State Pension – As good as expected?
As you will be aware, the Government introduced a new State Pension system, which came into force on 6th April 2016.
The aim of the changes were to make retirement income easier to understand and fairer for all. But, some people yet to start to draw their State Pension may find they are not entitled to the new full flat rate entitlement of £159.55 a week.
Anyone who, in the past, has paid the lower Contracted-out rate of National Insurance Contributions may find those contributions do not count and that there is a gap in their contribution record.
Think you may be affected?
If you think that you may be affected, you can request a State Pension forecast to check your entitlement either byor by logging on to your personal tax account using your government gateway User ID.
Once you have done so, please share the reply with us if you have any concerns or wish to discuss your individual circumstances. Please do hesitate to contact our dedicate team who are here to help.
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