Pension provisions for non-NI contributor?

Is there any state pension provision for someone who has not made any NI contributions for many years? (That's because he's been self-employed, long-term, and unable to afford the contributions.)

Thanks

Jack

Reply to
Jack
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1) you'll just get what you have paid for. 2) you can make backdated payments. Due to the IRs recent c*ck-up in not sending out the reminders they have temporarily increased the number of years you can back-date (not sure what to though). 3) given the move to the Minimum guarentee, if you have no other savings you will get topped up to this amount anyway (and the Government want's to encourage savings!!)

The reason is irrelevent (but even so, surely the contributions are compulsory?)

Tim

Reply to
tim

A lot more, in fact. The full basic state pension is about 77 a week IIRC. The MIG (basically income support for pensioners) is about 100 per week for a single pensioner and about 150 for a couple - the government will top up any income you have to at least this amount, provided you don't have much in savings (under 16000 IIRC). There is *no* contributory requirements for the MIG.

Also, if you're getting the MIG and you're renting you'll be entitled to housing benefit which will probably pay your rent in full. If you own your house on a mortgage you'll probably get the interest paid but no help with capital repayments, maintenance or insurance. Also whether you own or rent you'll get council tax benefit to pay your council tax in full provided your property isn't above band E.

Basically, there is no point saving for retirement if you can only afford to put a little aside.

Reply to
Andy Pandy

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