Combined state pension question
Jan 21st 2019, 2:18 pm
#1
Just Joined
Thread Starter
Joined: Jan 2019
Posts: 1
Combined state pension question
Good morning,
Im a EU national who has worked in UK for 10 years and by the time I'm 65 I'd have around 30 years of full time employment in Canada.
Does anyone have any idea what the state pension is like in this situation? Can this 40 years of employment in Canada and UK can be combined as per any agreements to have one pension drawn or do I apply for 2 separate pensions etc.
Thank you,
Im a EU national who has worked in UK for 10 years and by the time I'm 65 I'd have around 30 years of full time employment in Canada.
Does anyone have any idea what the state pension is like in this situation? Can this 40 years of employment in Canada and UK can be combined as per any agreements to have one pension drawn or do I apply for 2 separate pensions etc.
Thank you,
Jan 21st 2019, 2:55 pm
#2
Oscar nominated
Joined: Jan 2008
Location: Moncton, NB, CANADA
Posts: 50,841
Re: Combined state pension question
I don't believe it's as simple as combining the two. Presumably you'll get CPP from your working time in Canada.
For Old Age Security (OAS) pension (Canadian) you need a minimum of 10 years in Canada (which you have) and I know that someone who hasn't got 10 years in maybe may be treated as if they have, because they got some time in somewhere else but I don't think the two periods are actually added.
If you have 10 years in the UK then you'll get about 10/35ths of whatever the current pension rate is when that comes (and then frozen if still in Canada). But you can buy extra years if you wish. A pension forecast is a good idea.
You may find you get CPP and OAS (depending on any other pension) at 65 and the UK pension later which may reduce OAS 50c in the $.
For Old Age Security (OAS) pension (Canadian) you need a minimum of 10 years in Canada (which you have) and I know that someone who hasn't got 10 years in maybe may be treated as if they have, because they got some time in somewhere else but I don't think the two periods are actually added.
If you have 10 years in the UK then you'll get about 10/35ths of whatever the current pension rate is when that comes (and then frozen if still in Canada). But you can buy extra years if you wish. A pension forecast is a good idea.
You may find you get CPP and OAS (depending on any other pension) at 65 and the UK pension later which may reduce OAS 50c in the $.
