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That's approx £5,000 you let slip through your fingers. You're either very rich or very stupid.
Always sign on JSA allowance whenever you can and even if your NI contributions do not allow your to get JSA allowance, at least signing on will get your NI contributions part paid.
NI contributions techinically allows you a full state Pension at UK state retirement age . Any shortfall in your NI contributions, for example taking time off or not signing on will seriously harm your state pension entitlement. I think you are allow 1yr out of the 20 yrs as a career break, but in total you must make more than 20yrs NI contributions to get a full state pension else might be ask to pay the shortfall from your savings...
People that have not made enough NI contributions or nil contributions will also get a top up, but this is based on your income and liquid assets..
Always sign on JSA allowance whenever you can and even if your NI contributions do not allow your to get JSA allowance, at least signing on will get your NI contributions part paid.
NI contributions techinically allows you a full state Pension at UK state retirement age . Any shortfall in your NI contributions, for example taking time off or not signing on will seriously harm your state pension entitlement. I think you are allow 1yr out of the 20 yrs as a career break, but in total you must make more than 20yrs NI contributions to get a full state pension else might be ask to pay the shortfall from your savings...
People that have not made enough NI contributions or nil contributions will also get a top up, but this is based on your income and liquid assets..
Not entirely true any more. The rules are currently changing which reduces the 44 or 39 years you used to have to spend yo get a full pension. It's is 30 for retiring after 2010.
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