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Second Pension

Can anyone offer may any advice about the State second Pension.

I contracted out some 12/14 years ago and also took out a Private Pension also. I was self employed at the time. I think that I only paid in for about 6 years before I became seriously ill with cancer and had to quit work some six years ago. So I guess I only paid in for some 6/8 years to both funds.

I am 62 now and in receipt of Pension Credit - although my health has improved I am unlikely ever to work again.

Would it benefit me to contract back into the State Scheme? Can I contract back in? All help and advice will be greatly appreciated. Thankyou.

Reply to
citizen142
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You can only contract back in to the second state pension if you earn enough to pay NI (actually slightly less, about 82 a week IIRC) - which you'll only pay if you are male.

If you aren't earning enough, you can pay voluntary contributions to boost your basic state pension (not second state pension) but this is unlikely to benefit you at all if you're getting pension credit - unless you expecting a decent works pension at 65 , or a lump sum/lottery win/inheritance.

For further info see:

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Reply to
Andy Pandy

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