UK state pension topup
Jan 26th 2015, 3:33 pm
#1
Just Joined
Thread Starter
Joined: Jan 2015
Posts: 1
UK state pension topup
I am considering topping up my OAP by investing around £20k in the scheme detailed here:
https://www.gov.uk/state-pension-topup
As a resident of Brazil I don't receive any increases in the normal state pension. If I did buy a top up would it receive the inflation increases? The deal is only attractive if it does.
Zb
https://www.gov.uk/state-pension-topup
As a resident of Brazil I don't receive any increases in the normal state pension. If I did buy a top up would it receive the inflation increases? The deal is only attractive if it does.
Zb
Jan 28th 2015, 8:57 am
#2
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: UK state pension topup
If you are resident in Brazil at the time you start receiving your UK State Pension you would not receive any increases. As a rule of thumb I generally advise that it is only worth maximising your NI contributions if the pension will be indexed as otherwise it will soon lose its value in real terms.
