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UK state pension voluntary contributions

  • 24-03-2017 10:02pm
    #1
    Carnmore
    Registered Users, Registered Users 2 Posts: 407 ✭✭


    Now living in Ireland but having previously lived and worked on the UK, I have 26 qualifying years and purchase Class 2 Voluntary NICs each year.

    I previously contracted out of the UK's second state pension (SERPS) so my pension forecast amount is lower than the new full rate of £155.65 per week , allowing for the lower NI contributions paid for the period contracted out.

    According to my UK online pension forecast, I am on course to receive the full rate if I make contributions for the next 11 years rather than 9, which would mean 37 years being paid rather than 35. I assume the extra years are for the contracted-out shortfall.

    I don't mind paying an extra two years contributions to get the full rate but my understanding is the state pension is based upon a maximum of 35 years.

    Can contribution years in excess of 35 be used to make up the shortfall?


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