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-   -   UK State Pension to CPP? (https://britishexpats.com/forum/canada-56/uk-state-pension-cpp-709998/)

shelley748 Mar 19th 2011 7:24 am
UK State Pension to CPP?
 
Does anyone know if its possible to transfer what would be paid under the UK State Pension to CPP in Canada?

BTJ Mar 19th 2011 8:10 am
Re: UK State Pension to CPP?
 
Originally Posted by shelley748 (Post 9250615)
Does anyone know if its possible to transfer what would be paid under the UK State Pension to CPP in Canada?
I know nothing of this, but isn't the UK State Pension more akin to OAS in Canada than CPP.

Tangram Mar 19th 2011 8:17 am
Re: UK State Pension to CPP?
 
Originally Posted by shelley748 (Post 9250615)
Does anyone know if its possible to transfer what would be paid under the UK State Pension to CPP in Canada?
No that would be absurd. You haven't 'saved' anything TO transfer. You have paid for others' pensions. Likewise, the current/future working population will pay for yours.

Hence the "pensions crisis", you may have heard about it in the newspapers.

Alan2005 Mar 19th 2011 8:22 am
Re: UK State Pension to CPP?
 
Originally Posted by Tangram (Post 9250725)
No that would be absurd. You haven't 'saved' anything TO transfer. You have paid for others' pensions. Likewise, the current/future working population will pay for yours.
This didn't get through on the other thread and it is unlikely to here.

Tangram Mar 19th 2011 8:24 am
Re: UK State Pension to CPP?
 
Originally Posted by Alan2005 (Post 9250737)
This didn't get through on the other thread and it is unlikely to here.
We can but try to help the reality challenged in society.

Steve_P Mar 19th 2011 8:55 am
Re: UK State Pension to CPP?
 
Originally Posted by Tangram (Post 9250725)
No that would be absurd. You haven't 'saved' anything TO transfer. You have paid for others' pensions. Likewise, the current/future working population will pay for yours.

Hence the "pensions crisis", you may have heard about it in the newspapers.
Originally Posted by Alan2005 (Post 9250737)
This didn't get through on the other thread and it is unlikely to here.
Originally Posted by Tangram (Post 9250746)
We can but try to help the reality challenged in society.
Disregarding the UK aspect altogether.

I could be wrong but I don't believe it is possible in any way to transfer anything in to CPP nor is it possible to buy back previous years.

jimmy8 Mar 20th 2011 9:05 am
Re: UK State Pension to CPP?
 
Ive just bought back 6 years @ approx 600 pounds p/annum which will mean I will receive the full UK pension when I retire in 10 years-The qualifying period is now 30 years contributions NOT 44 years

Novocastrian Mar 20th 2011 9:54 am
Re: UK State Pension to CPP?
 
Originally Posted by jimmy8 (Post 9252875)
Ive just bought back 6 years @ approx 600 pounds p/annum which will mean I will receive the full UK pension when I retire in 10 years-The qualifying period is now 30 years contributions NOT 44 years
Steve was referring to the CPP.


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