UK Pension

Old Aug 18th 2014, 1:42 pm
  #1  
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Default UK Pension

I thought there would be loads of threads on this but my search hasn't brought up any, if I'm missing something, apologies!
I am approaching 65 and am not sure how to go about claiming my UK pension here in Hungary where I now live permanently.
My record of employment in the UK has been sporadic with most of my working life abroad for one reason or another but I do have a few years which must amount to something...
Any advice, gratefully received.
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Old Aug 18th 2014, 7:55 pm
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Default Re: UK Pension

Hi
Start here
https://www.gov.uk/state-pension-if-...d/how-to-claim

If you don't already know the UK state pension needs 30 years contributions to get a full pension. Or 1/30 per year of paid contributions if you don't have 30 years. Back contributions can be made under certain rules to boost incomplete years. You will have to ask the pensions office for a forecast and read the rules and then come to your personal decision about the worth of additional contributions.

The state OAP can be paid directly into a Hungarian bank account and according to a dual tax treaty between the UK and Hungary, pensions are taxed in Hungary and unlike the UK, pensions in Hungary are zero rated for tax, so no tax to pay! (exception is any UK government, including local authority, pension which is taxed in the UK, but you get a UK personal allowance)
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Old Aug 19th 2014, 7:01 am
  #3  
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Default Re: UK Pension

thanks for that info, Peter. Very useful.
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