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HMRC and the state pension forecast
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I've just just checked on the HMRC app and not sure if my pension forecast is low at my age. I'm not very financially savvy but lately been trying to educate myself a bit more.

Anyway, the app says I can get my state pension in 2060 and currently the forecast is £886 a month, £10,636 a year. Not gonna lie, this looks scarily low.

Some background: - I'm 31 - have 9 years of contributing on the record - was self-employed between late 2015 and early 2021. Wasn't making a lot each year. - contributed to pension during that time but also had odd fixed-term contracts (max 4 months long) to supplement my self-employment income throughout those years and an employer paid into my pension - been in full time PAYE employment since 2021 but job hopped a bit. I'm on my third job now. - currently work in the civil service and make 31k per year

Is the forecast low or normal? Is there something I should focus on? I've been hearing a lot about pension pots and that you can request a statement from your pension provider but if I've been working in the civil service for just over 6 months will they provide me with one? Any advice is appreciated.

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1 year ago