No not what you eat with chips on Fridays.
I've just got a state pension forecast for my wife and have noticed that the contracted out deduction (COD) has gone up by over 15% since last year. The additional state pension (before COD) has only gone up 3.8% so the net amount has gone down significantly. She was in a contracted out final salary pension scheme until 1998, since then she has not earned enough to pay NI.
Why would the COD have gone up so much since a year ago? Reading NP46 it says the COD is based on the GMP earned - but this only increases at 6.25% pa.
Can the COD actually be greater than the SERPS earned resulting in a negative additional state pension?