Hundreds of thousands missing out on full state pension : i News

SUBSTRATUMS

The Government has been criticised for leaving pensioners in a state of “total confusion” about why some are not receiving the full state pension. The new flat rate state pension, which is £159.55 a week for this tax year, was introduced in April 2016 and is available to anyone who has built up 35 qualifying years’ worth of National Insurance credits. But i has received many emails from readers who say they are not receiving the full state pension, despite having worked for most of their adult life. Contracted out without being told The reason is often because they were contracted out – sometimes without their knowledge – at some point in their career. This meant they paid a reduced rate of national insurance in exchange for a lower state pension.
Readers say they were never told they had been contracted out. Others add they were told they had enough…

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