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Search: Posts Made By: Glasgow Girl
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Forum: USA
May 19th 2022, 2:47 am
Replies: 20
Views: 3,528
Posted By Glasgow Girl

Re: UK pension question

One further point for the OP, you need 21 additional years to get to the new state pension maximum not the 20 I mentioned earlier. I forgot about the difference between pre and post 2016 years. The...
Forum: USA
May 18th 2022, 9:16 pm
Replies: 20
Views: 3,528
Posted By Glasgow Girl

Re: UK pension question

It is correct to say that at least 35 years of NI contributions are required to qualify for the full UK state pension, and sometimes more than 35 years are required if an individual was contracted...
Forum: USA
May 18th 2022, 8:57 pm
Replies: 20
Views: 3,528
Posted By Glasgow Girl

Re: UK pension question

So lots of scenario’s here, driven by taxes and WEP. The biggest impact is WEP, so let’s take that first.

With very few exceptions, all overseas pensions will be subject to WEP. That includes the...
Forum: USA
May 18th 2022, 7:27 pm
Replies: 20
Views: 3,528
Posted By Glasgow Girl

Re: UK pension question

You can do whatever you want, but on balance I might continue on this one, because your civil service pension is likely going to get WEP’d as well. The two issues are therefore likely linked and...
Forum: USA
May 18th 2022, 1:42 pm
Replies: 20
Views: 3,528
Posted By Glasgow Girl

Re: UK pension question

You should absolutely pursue the UK state pension, and make voluntary contributions. Each year you contribute will increase your UK pension by about £5.29 a week at current rates, or £275 a year. You...
Forum: USA
May 9th 2022, 3:09 am
Replies: 20
Views: 3,528
Posted By Glasgow Girl

Re: UK pension question

You can pay UK voluntary NIs at Class 2 rates of about 150 pounds a year, or Class 3 rates at about 750 pounds a year. There are conditions to qualify but it sounds like you will qualify for at least...
Showing results 1 to 6 of 6


 
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