@chips-and-brown-gravy wrote:
That's beside the point, but your state pension is based on the number of years you have paid NI.
You get less if you don't pay in for 30 years - why shouldn't you get more if you pay in for more than 30 years?
from GOV.UK website.
Your basic State Pension depends on the number of years you’ve paid National Insurance
You need 30 years worth of contributions or credits to get the full basic State Pension. These are your ‘qualifying years’.
If you have fewer than 30 years, your State Pension will be less than £110.15 per week but you might be able to top up by paying voluntary National Insurance contributions.
I haven't retired yet, thanks to the changes in pension age.
If payments were the key then those who paid in for 30 years would get more than those who had 50 years of credits and had not paid in a penny.
The NI contributions earn you an entitlement to a basic State Pension - an entitlement that can be removed at any time. Likewise at anytime the benefit, (Basic State Pension), can be increased, decreased or removed entirely by the government in power. The method of earning the entitlement can also be changed at any time - there is no contract guaranteeing what Basic State Pension you or I will receive, it is simply a state benefit that can be altered or removed entirely.
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