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Forum: Italy

Jul 22nd 2017, 8:56 pm

Replies: 52

State pension in the UK, national insurance.

Views: 6,060

Posted By Serrano

Re: State pension in the UK, national insurance.

Thanks scot47, but no-one on this thread has suggested that you can. There have been references to "paying for future years" - as in the right to pay for future years - but I think it has always...

Forum: Italy

Jul 20th 2017, 6:31 pm

Replies: 52

State pension in the UK, national insurance.

Views: 6,060

Posted By Serrano

Re: State pension in the UK, national insurance.

I know we're all trying to help, and much of the problem is that it's a complicated subject, with a large number of different scenarios. Part of the reason why I try to elicit as much information as...

Forum: Italy

Jul 20th 2017, 2:59 pm

Replies: 52

State pension in the UK, national insurance.

Views: 6,060

Posted By Serrano

Re: State pension in the UK, national insurance.

Yeah, I agree with you, but that's not what I said. You're talking here about buying prior years. I prefaced the bit that you've quoted with:

However, rethinking it what I said is wrong, but...

Forum: Italy

Jul 20th 2017, 2:20 pm

Replies: 52

State pension in the UK, national insurance.

Views: 6,060

Posted By Serrano

Re: State pension in the UK, national insurance.

I don't think I ever used the expression 'top-up' - quite deliberately because (a) as you say it is no longer available and (b) as Geordieborn implies, not good value for money (I can't remember the...

Forum: Italy

Jul 17th 2017, 10:07 am

Replies: 52

State pension in the UK, national insurance.

Views: 6,060

Posted By Serrano

Re: State pension in the UK, national insurance.

Well below that, as I said, if she dies the day before starting her pension, she loses the lot :thumbdown:

Forum: Italy

Jul 17th 2017, 9:37 am

Replies: 52

State pension in the UK, national insurance.

Views: 6,060

Posted By Serrano

Re: State pension in the UK, national insurance.

No, sorry Geordieborn, I can't agree with you, or more accurately your way of looking at it. In general, investing money you are lucky to match inflation (after tax is taken into account). So by my...

Forum: Italy

Jul 17th 2017, 5:15 am

Replies: 52

State pension in the UK, national insurance.

Views: 6,060

Posted By Serrano

Re: State pension in the UK, national insurance.

Mmmm, at first sight it seems unfair that he should get nothing as things stand, after all under the old system he would have been entitled to something, whereas under the new, nothing. But I can...

Forum: Italy

Jul 16th 2017, 9:18 pm

Replies: 52

State pension in the UK, national insurance.

Views: 6,060

Posted By Serrano

Re: State pension in the UK, national insurance.

A good site with a good primer on the New State Pension, thanks for linking to it. However, that site is looking at the 'normal' case, whereas we are mostly ex-pats, thus anything but 'normal' ;)
...

Forum: Italy

Jul 16th 2017, 9:00 pm

Replies: 52

State pension in the UK, national insurance.

Views: 6,060

Posted By Serrano

Re: State pension in the UK, national insurance.

It is a bit complicated. I presume in what follows here that you already have 37 years of NI contributions. Careful here because the headline figure on the forecast often assumes that you will...

Forum: Italy

Jul 16th 2017, 7:25 pm

Replies: 52

State pension in the UK, national insurance.

Views: 6,060

Posted By Serrano

Re: State pension in the UK, national insurance.

OK, so you are under the new regime. Your currently accrued pension is £45.58 (10 years' contributions), and if you pay a further 13 years you will get £104.84 (13x almost £4.56 + £45.58)

Is it...

Forum: Italy

Jul 16th 2017, 6:43 pm

Replies: 52

State pension in the UK, national insurance.

Views: 6,060

Posted By Serrano

Re: State pension in the UK, national insurance.

The BIG caveat is that we are talking about the 'New State Pension' - which means men born on or after 06/04/1951 and women born on or after 06/04/1953. This is likely to be the case for most people...

Forum: Italy

Jul 16th 2017, 3:06 pm

Replies: 52

State pension in the UK, national insurance.

Views: 6,060

Posted By Serrano

Re: State pension in the UK, national insurance.

OK, can I wade in with my €0,02 Worth?

First of all, additional years cost (as has been said) about £733/year. Each year gives you a £4.56 increase in pension - a headline return of 32% on...

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