I have credits for my uni years. Strangely I then have a year gap after graduation even though I worked that year. Too bad.
Overall, despite already having 44 years and adding in the 4 years I am now contributing I will still fall short of the £183 smokie quotes. And, as in my previous post, my DB scene will pull back an “offset” to reduce the state pension further.
Please don’t take this as a winge. I am comfortable with my overall position. It’s just a shame that it is so darned complicated and so many less well off people are unaware of this facility.
It’s also ridiculously subsidised by the govt (so that’ll be all of us then). I am generating £1k a year inflation-linked for a one-off £3.2k. To buy that commercially as an annuity would cost what, £20k upwards?
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