Wendy Gould
Joined: 12/28/2024
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State Pension Summary - Clarification of Estimate
I have just checked my State Pension estimate and am a little confused about the result. My current estimate indicates I have qualified for a £221.19 pension and if I pay another year's contributions I will receive £221.20, the maximum amount. If I check my contribution record I can count 34 years contributions. Can someone explain why 34 years would give me £221.19? I thought each year of contributions was worth £6.33. Why would I contribute another year for an extra £0.01 a week?