Check your State Pension forecast

Posted on 25th July 2023 by Streets Pension


Image to represent Check your State Pension forecast

The State Pension forecast provides an estimate of how much State Pension an individual can expect to receive when they reach State Pension age. The estimate is based on the applicant's National Insurance current and future contribution record.

A forecast application can be made online using the government gateway by sending the BR19 application form by post or by calling the Future Pension Centre. The forecast includes basic information explaining what effect further qualifying years may have on the amounts shown in the forecast.

The forecast also shows what date the taxpayer will reach their State Pension age based on the current law. The State Pension age is regularly reviewed and may change in the future. The estimate does not take account of future payments to fill possible gaps in the taxpayer's contribution record.

If you do not have 10 qualifying years, the forecast will only tell you how many qualifying years you currently have. This is because taxpayers usually require a minimum of 10 qualifying years to qualify for any State Pension.

It is worthwhile to regularly check your State Pension position to help optimise your entitlement. You should also consider what other savings or pensions might be required for a long and comfortable retirement.


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The content produced and presented by Streets is for general guidance and informational purposes only. It should not be construed as legal, tax, investment, financial or other advice. Furthermore, it should not be considered a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset. The information provided by Streets is of a general nature and is not specific for any individual or entity. Appropriate and tailored advice or independent research should be obtained before making any such decisions. Streets does not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of obtaining Streets' visual or audible content.

Information

The content used by Streets has been obtained from or is based on sources that we believe to be accurate and reliable. Although reasonable care has been taken in gathering the necessary information, we cannot guarantee the accuracy or completeness of any information we publish and we accept no liability for any errors or omissions in material. You should always seek specific advice prior to making any investment, legal or tax decisions.


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