I wonder if anyone can help me understand my State Pension Forecast
I have logged on to my online National Insurance record and my State Pension Forecast states as follows:
Forecast 2023 £168.45 approx
Amount you would receive with you national insurance contributions as at 31st March 2018 £155.00 approx
If you continue to pay national insurance contributions for 3 years you will recieve £168.45 approx
I then find that I have a COPE amount because I have been contracted out at some point in my career of £94.00 approx
Can anyone explain this as I am wondering if this means that when I retire will I recieve £168.64 less £94.00 or will I recieve £168.64.
This new system is very confusing. If anyone understands this I would appreciate it if you could explain this. I also wonder how many people know they can look their national insurance contributions and State Pension Forecast online now. Please excuse my posting this if it has already been answered elsewhere. I have looked around the Forums and can't see this discussed already. smile
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