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UK State Pension to CPP?

UK State Pension to CPP?

Old Mar 19th 2011 | 7:24 am
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Default 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?
 
Old Mar 19th 2011 | 8:10 am
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Default Re: UK State Pension to CPP?

Originally Posted by shelley748
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.
 
Old Mar 19th 2011 | 8:17 am
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Default Re: UK State Pension to CPP?

Originally Posted by shelley748
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.
 
Old Mar 19th 2011 | 8:22 am
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Default Re: UK State Pension to CPP?

Originally Posted by Tangram
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.
 
Old Mar 19th 2011 | 8:24 am
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Default Re: UK State Pension to CPP?

Originally Posted by Alan2005
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.
 
Old Mar 19th 2011 | 8:55 am
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Default Re: UK State Pension to CPP?

Originally Posted by Tangram
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
This didn't get through on the other thread and it is unlikely to here.
Originally Posted by Tangram
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.
 
Old Mar 20th 2011 | 9:05 am
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Default 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
 
Old Mar 20th 2011 | 9:54 am
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Default Re: UK State Pension to CPP?

Originally Posted by jimmy8
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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