UK Stakeholder pension
Apr 4th 2014, 3:47 pm
#31
Lost in BE Cyberspace
Joined: Jan 2006
Location: San Francisco
Posts: 12,865
Re: UK Stakeholder pension
So currently, if a person is below 30 years they can pay voluntary NICs to bring them up to 30 years, and then if they continue working, they can earn more years and end up with 35 years .... but if they are at 30 years, they can't pay voluntary NICs to get to 35 years? Seems a bit mad.
Apr 4th 2014, 5:39 pm
#32
Was in Canada, now home.
Joined: Aug 2011
Location: Devon
Posts: 3,388
Re: UK Stakeholder pension
The reason I made the inquiry was because my husband had 30 years contributions before we left the UK. So, there was no need for him to make any voluntary contributions to get a full pension.
When they announced the new single tier pension, we realised that he will get the single tier pension because he reaches retirement age in 2017, but he wouldn't have the requisite 35 years contributions to get a full pension.
So he tried to start paying voluntary contributions but got told he could not do so because he had the 30 years.
Now I've clarified the situation: once the new pension law is in force, it will be possible to make up his contributions to 35.
When they announced the new single tier pension, we realised that he will get the single tier pension because he reaches retirement age in 2017, but he wouldn't have the requisite 35 years contributions to get a full pension.
So he tried to start paying voluntary contributions but got told he could not do so because he had the 30 years.
Now I've clarified the situation: once the new pension law is in force, it will be possible to make up his contributions to 35.
Apr 4th 2014, 7:27 pm
#33
Ping-ponger
Joined: Jul 2002
Location: Dreich Alba
Posts: 12,013
Re: UK Stakeholder pension
The reason I made the inquiry was because my husband had 30 years contributions before we left the UK. So, there was no need for him to make any voluntary contributions to get a full pension.
When they announced the new single tier pension, we realised that he will get the single tier pension because he reaches retirement age in 2017, but he wouldn't have the requisite 35 years contributions to get a full pension.
So he tried to start paying voluntary contributions but got told he could not do so because he had the 30 years.
Now I've clarified the situation: once the new pension law is in force, it will be possible to make up his contributions to 35.
When they announced the new single tier pension, we realised that he will get the single tier pension because he reaches retirement age in 2017, but he wouldn't have the requisite 35 years contributions to get a full pension.
So he tried to start paying voluntary contributions but got told he could not do so because he had the 30 years.
Now I've clarified the situation: once the new pension law is in force, it will be possible to make up his contributions to 35.
Apr 4th 2014, 7:28 pm
#34
Was in Canada, now home.
Joined: Aug 2011
Location: Devon
Posts: 3,388
Re: UK Stakeholder pension
No, they are going to extend the time limits. So we should be OK.
