National Insurance Cont.What did you decide?
Jan 29th 2006, 9:02 pm
#16
BE Enthusiast
Thread Starter
Joined: Jun 2004
Location: northumberland,uk
Posts: 498
Re: National Insurance Cont.What did you decide?
"you would need to be living in the UK to claim it."
I thought the opposite was the case as i know that many are paying their N.I. from aus so that they get something but they are not planning to move back to the u.k.
Lynn
I thought the opposite was the case as i know that many are paying their N.I. from aus so that they get something but they are not planning to move back to the u.k.
Lynn
Jan 29th 2006, 9:44 pm
#17
Guest
Posts: n/a
Re: National Insurance Cont.What did you decide?
Originally Posted by lynnbrooks
"you would need to be living in the UK to claim it."
I thought the opposite was the case as i know that many are paying their N.I. from aus so that they get something but they are not planning to move back to the u.k.
Lynn
I thought the opposite was the case as i know that many are paying their N.I. from aus so that they get something but they are not planning to move back to the u.k.
Lynn
Some people feel that the UK state pension will become more like others, means tested etc, and with other tests to see if they can avoid paying it out, as they already have begun to recently, in a small way with UK pensioners living in Australia.
Jan 30th 2006, 8:00 am
#18
womble
Joined: Sep 2005
Posts: 2,675
Re: National Insurance Cont.What did you decide?
Originally Posted by CreditCardKing
Its unlikely that the UK state pension will be around in 35 years when I retire, however if it was then the amounts that I would pay into it would be far less than what I would gain from the state pension. Excluding increase for inflation on both the pension and the contributions if I paid around £400 per year national insurance for another 35 years totalling £14,000. If I received the state pension of around £4000 per year for 20 years then I would earn £80,000, this is considerably more than £14,000 paid in. I will not bother as the UK state pension in the future will likely have the same rules as the Australian pension it will be means tested and you would need to be living in the UK to claim it.
We are living abroad now, and came to the conclusion that our £400/year would be better off invested in our own plan, and we actually try to save about 20% of our annual income in any event. And let's face it, in 35 years time there may well be no state pension anyway.
Ok, so if we go back to the UK we wouldnt get benefit support etc, but we would (as residents) get NHS treatment.
Pros & cons - but for us, in our situation, we didnt think it worthwhile.
However.... I think this feeling changes with age. If you're in your 50s it may well be worthwhile.
Jan 30th 2006, 8:05 am
#19
BE Enthusiast
Thread Starter
Joined: Jun 2004
Location: northumberland,uk
Posts: 498
Re: National Insurance Cont.What did you decide?
Some people feel that the UK state pension will become more like others, means tested etc, and with other tests to see if they can avoid paying it out, as they already have begun to recently, in a small way with UK pensioners living in Australia.
__________________
Could you elaborate a little on this,not sure if i fully understand...
Lynn
__________________
Could you elaborate a little on this,not sure if i fully understand...
Lynn
Jan 30th 2006, 1:53 pm
#20
Sharks out of the Pool
Joined: Dec 2005
Posts: 668
Re: National Insurance Cont.What did you decide?
Originally Posted by annqldau
We decided to keep our national insurance up as well for the same reasons also mentioned and for people who think they may return to UK for good in future it makes it slightly easier to return and restart things I heard at a future date. Also, under the impression that if you keep it up you still have some sort of right to NHS care as well in the UK if you were there without the Aus UK reciprocale deal.
Jan 30th 2006, 1:56 pm
#21
Forum Regular
Joined: Feb 2005
Posts: 90
Re: National Insurance Cont.What did you decide?
Originally Posted by OriginalSunshine
CCK - taking into account inflation, and say a depreciation rate of 6% in total, using the NPV calculation with the same figures as you have used (ie 35 years of £400, followed by 20 years of £4000) we reckoned we would be around £600 better off in today's money.
We are living abroad now, and came to the conclusion that our £400/year would be better off invested in our own plan, and we actually try to save about 20% of our annual income in any event. And let's face it, in 35 years time there may well be no state pension anyway.
Ok, so if we go back to the UK we wouldnt get benefit support etc, but we would (as residents) get NHS treatment.
Pros & cons - but for us, in our situation, we didnt think it worthwhile.
However.... I think this feeling changes with age. If you're in your 50s it may well be worthwhile.
We are living abroad now, and came to the conclusion that our £400/year would be better off invested in our own plan, and we actually try to save about 20% of our annual income in any event. And let's face it, in 35 years time there may well be no state pension anyway.
Ok, so if we go back to the UK we wouldnt get benefit support etc, but we would (as residents) get NHS treatment.
Pros & cons - but for us, in our situation, we didnt think it worthwhile.
However.... I think this feeling changes with age. If you're in your 50s it may well be worthwhile.
Last edited by CreditCardKing; Jan 30th 2006 at 2:22 pm.
Jan 30th 2006, 2:27 pm
#22
Forum Regular
Joined: Feb 2005
Posts: 90
Re: National Insurance Cont.What did you decide?
Originally Posted by mick_newcastle
I would have thought as a British Citizen you would always have the right to NHS Healthcare (While it lasts). Be a bit pee'd off if I was in uk and couldnt get it for free - while every dole scrounging scum and his dog seem to get it without ever paying a dime into the system
It seems that you do not always have access to free NHS, however its up to you to inform them that you are not eligble for free treatment and that you must pay, only a fool or someone with lodsa money would do this though.
http://www.dh.gov.uk/PolicyAndGuidan...Visitors/fs/en
