Pensions

[Terpe]

Everyone,
Lets not forget that our spouses may also become eligible for a UK state pension.
Whether from their own NI contributions or from the spouse.

If you don't qualify for the full basic State Pension

If you reach State Pension age on or after 6 April 2010

If you have some qualifying years but not enough for a full basic State Pension, then you will get some basic State Pension. For each qualifying year that you have built up, you will get some basic State Pension. You may be able to take action to increase your State Pension if you don't have enough qualifying years.

If you have worked in the UK and paid National Insurance contributions (NICs) for even a short period, you will now be entitled to receive part of a basic UK State Pension (a pro-rata basic UK State Pension) provided you have at least one qualifying year of NICs.

A qualifying year is a tax year (6 April in one year to 5 April the next year) where you had sufficient income to pay NICs or were treated as having paid or were credited with NICs.

My wife has paid NI contributions for 7 full tax years which means at current rates she has built up a UK state pension of 7/30 x £102.15 = £23.83 per week
That just over £100 per month or P6800 per month

[Arthur Little]

Everyone,
Lets not forget that our spouses may also become eligible for a UK state pension.
Whether from their own NI contributions or from the spouse.

That's EXACTLY the sort of information I have been looking for, Peter ... -

- you must be psychic!

[Terpe]

That's EXACTLY the sort of information I have been looking for, Peter ... -

- you must be psychic!

I could say great minds think alike Arthur.......
but I'm pretty sure there'd be the expected retort from somewhere.

[fred]

That just over £100 per month or P6800 per month

at what age would she receive such payment these days?
My wife will be entitled to a Uk pension one day but we chose to semi retire whilst we could still walk etc..
I have worked with people that were obsessed with pension payments from the age of 18..
I always considered that a bit sad and always planned to go in a different direction.