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Forum: USA
Apr 14th 2024, 6:33 am
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

But this is not double dipping. The agreement is only using the UK years to qualify for the US social security pension but it is still only paid on the actual 8 years that they worked in the US. The...
Forum: USA
Apr 10th 2024, 3:47 pm
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

There is nothing in the totalization agreement that indicates that to my knowledge.
Forum: USA
Apr 10th 2024, 3:16 pm
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

I believe with the facts as stated that you would qualify for a us social security retirement benefits under the totalization agreement between the US and UK. The calculation is a bit complicated but...
Forum: USA
Apr 5th 2016, 6:31 pm
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

Many US insurance companies do temporary health insurance which might be okay.

Otherwise you probably should go ahead and sign up for US health insurance from the wasington healthcare marketplace...
Forum: USA
Nov 26th 2015, 4:10 am
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

Not Nun but...

A) Voluntary contributions mean that the the pension is not earnings related and therefore not subject to WEP.
This is taken from the very definition of a pension subject to WEP -...
Forum: USA
Apr 16th 2015, 8:42 pm
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

I think GPO is supposed to be US government pensions only. From their POMS manual:
1. Government

Government means:
Federal - The United States Government, including military service (see RS...
Forum: USA
Apr 5th 2015, 7:48 pm
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

To add to the discussion the SSA seems to treat pensions such as the one in the UK as follows for WEP purposes in their POMS manual:

"4. Unique payments
When an employer or pension-paying agency...
Forum: USA
Mar 23rd 2015, 5:25 am
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

Pretty much everything is worded badly with wep.
Forum: USA
Mar 23rd 2015, 12:44 am
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

SSA are assuming any pension pot withdrawal is a lump sum or a periodic payment. Basically they want everything taxed so I highly doubt we'll get away with not declaring.
Forum: USA
Mar 15th 2015, 8:21 pm
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

Okay thanks for the explanation. I can agree with you on this one :)
Forum: USA
Mar 14th 2015, 7:16 pm
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

Would that be the case if say you cash it out at 55 long before you take your social security? Since the foreign retirement account wouldn't exist any more?
Forum: USA
Mar 13th 2015, 4:35 pm
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

I imagine most people with UK personal pensions would also qualify for a state uk pension and are likely to be subject to WEP even if they cash out the personal pensions so avoiding WEP doesn't have...
Forum: USA
Mar 13th 2015, 4:31 pm
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

How many work years do you have in the USA?
Forum: USA
Mar 10th 2015, 8:55 pm
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

voluntary contributions are specifically excluded fron wep since they are by nature not related to work or earnings or whatever. The SSA has this listed as not wepable specfically as an example in...
Forum: USA
Mar 10th 2015, 7:04 pm
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

I was thinking that a uk state pension based on class 2 national insurance might have a better chance of being non wep-able.

It is based on a flat amount of contribution that can be paid whether...
Forum: USA
Mar 9th 2015, 10:10 pm
Forum: USA
Mar 9th 2015, 9:35 pm
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

I think the default position then is to assume you get wep-ed on it unless someone proves otherwise.
Forum: USA
Mar 9th 2015, 8:52 pm
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

You shot yourself in the foot. 'Say you earn'.... you just based it on earnings. Say I earn 2k for 50 years. I get nothing. Yet I contributed for longer than both your examples. So no it is not...
Forum: USA
Mar 9th 2015, 8:16 pm
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

No that would mean it is not specifically size of earnings related. It is still related to earnings as you have to earn something to get the NI credit. It doesn't have to be a linear relationship to...
Forum: USA
Mar 9th 2015, 7:50 am
Replies: 1,834
Views: 537,867
Posted By jb82

Re: UK state pension and USA social security

I would love to agree with this and anyone who has actually convinced the SSA that this is the case would be most welcomed to chime in.

However you say the basic pension and the new uk pension are...
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