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Pension Question, please help

Pension Question, please help

Old Oct 5th 2002, 2:11 pm
  #1  
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Default Pension Question, please help

Hello,

Does the pension amount paid after the retirement only depends on the contribution of the person that she/he has ever made when she/he is young?

How about PR who arives and lives in Australia when she/he is already 36 years old? Does the amount of pension paid to her/him equal to the contribution of the PR after she/he arives?

If a PR does not contribute too much because she/he is already old enough (say 40) when she/he arrives in Australia, does it mean that she/he will be miserable during old age when the retirement package is low?

Thanks for any advise or info. It will be much appreciated.

Cheers
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Old Oct 5th 2002, 3:09 pm
  #2  
Robert Edwards
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Default Re: Pension Question, please help

Are you speaking of "Aged Pension" if so no the amount of Pension paid has
nothing to do with contributions but everyone is paid the same although
there is a relatively generous mean test. However to be comfortable we
should be making provision for our aged years though personal investment or
superannuation etc.


"trismtr" wrote in message
news:[email protected]
.com
...
    > Hello,
    > Does the pension amount paid after the retirement only depends on
    > the contribution of the person that she/he has ever made when
    > she/he is young?
    > How about PR who arives and lives in Australia when she/he is already 36
    > years old? Does the amount of pension paid to her/him equal to the
    > contribution of the PR after she/he arives?
    > If a PR does not contribute too much because she/he is already old
    > enough (say 40) when she/he arrives in Australia, does it mean
    > that she/he will be miserable during old age when the retirement
    > package is low?
    > Thanks for any advise or info. It will be much appreciated.
    > Cheers
    > --
    > Posted via http://britishexpats.com
 
Old Oct 6th 2002, 4:29 am
  #3  
0gergree
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Posts: n/a
Default Re: Pension Question, please help

Originally posted by trismtr:
Hello,

Does the pension amount paid after the retirement only depends on the contribution of the person that she/he has ever made when she/he is young?

How about PR who arives and lives in Australia when she/he is already 36 years old? Does the amount of pension paid to her/him equal to the contribution of the PR after she/he arives?

If a PR does not contribute too much because she/he is already old enough (say 40) when she/he arrives in Australia, does it mean that she/he will be miserable during old age when the retirement package is low?

Thanks for any advise or info. It will be much appreciated.

Cheers
 
Old Oct 6th 2002, 4:36 am
  #4  
0gergree
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Default Re: Pension Question, please help

Originally posted by 0gergree:

hi sorry to inform you tat if you live in Oz or canada you will only get a pens in ratio with what you put in ,also if you get 20 pound aweek this yr. thats all youll get a week in2050 .you can pay for all the yrs subs you missed and get a higher pens but it still wont be indexed each year but if you live in US. PHILS.or Timbuctu youre fine
Gerry




















 
Old Oct 6th 2002, 9:54 am
  #5  
Robert Edwards
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Posts: n/a
Default Re: Pension Question, please help

If the question pertains to Aged Pension (which I believe it is) then you
are wrong

"0gergree" wrote in message
news:[email protected]
.com
...
    > Originally posted by 0gergree:
    > >
    > > hi sorry to inform you tat if you live in Oz or canada you will only
    > > get a pens in ratio with what you put in ,also if you get 20 pound
    > > aweek this yr. thats all youll get a week in2050 .you can pay for all
    > > the yrs subs you missed and get a higher pens but it still wont be
    > > indexed each year but if you live in US. PHILS.or Timbuctu youre fine
    > > Gerry
    > >
    > >
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    > --
    > oger
    > Posted via http://britishexpats.com
 
Old Oct 6th 2002, 10:14 am
  #6  
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Joined: Jun 2002
Location: Flagstaff Hill Adelaide ex Manchester
Posts: 305
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Default Re: Pension Question, please help

Originally posted by Robert Edwards:
If the question pertains to Aged Pension (which I believe it is) then you
are wrong

"0gergree" wrote in message
news:[email protected]
.com
...
    > Originally posted by 0gergree:
    > >
    > > hi sorry to inform you tat if you live in Oz or canada you will only
    > > get a pens in ratio with what you put in ,also if you get 20 pound
    > > aweek this yr. thats all youll get a week in2050 .you can pay for all
    > > the yrs subs you missed and get a higher pens but it still wont be
    > > indexed each year but if you live in US. PHILS.or Timbuctu youre fine
    > > Gerry
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > >
    > --
    > oger
    > Posted via http://britishexpats.com
Rob, I think Gerry must be refering to the UK state pension, and not the Oz Aged pension with the way he has put his post.

Paul
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