Pension??
 

Hi

I've been working in Spain for about a year now and I love the lifestyle and the job and definitely want to stay for many more years. It has come to my attention though that because i'm paying taxes to Spain and not to my home country (England) that i'm not going to get my full pension if I don't work enough years in England, and as I said I would love to stay for many years yet.
So i was wondering if I get a Spanish pension and if i could combine what i've already built up in England with what I get in Spain? If there is nothing I can do about it does anybody have any advise on setting any pension plans up? because i want to keep working abroad but i also want to be able to retire and not have to worry about money.

Any advice would be much appreciated thank you.

Re: Pension??
 

You can continue to pay Voluntary National Insurance Contributions to the UK if you wish. I think they are about £12 a week.

Bear in mind that you only need 30 years' worth now for a full UK Pension.

AFAIK you can combine the Spanish and UK Pensions.

You could apply by post to the British Pensions Service requesting a Pension Forecast which will tell you how many years you have accrued so far, here's the link:

http://www.direct.gov.uk/en/Pensions...st/DG_10014008

Hope this helps.

Re: Pension??
 

Hi

http://ukinspain.fco.gov.uk/en/help-.../state-pension

The British Consulate in Spain's website has mountains of information - I think the above address is the page you need

Davexf

Re: Pension??
 

you may also buy back the last 6 years UK pension at the 600 gbp pa sort of rate.

Get the statement from the Govt to confirm what gaps you have & at what rate you can buy them back.

I thought the min pension entitlement was 20 years.

Re: Pension??
 

AFAIK there is no minimum now. For example if you have paid in for six years, you will get 6/30 Pension.

The thirty years I mentioned is for the FULL Basic State Pension i.e 30/30.

Re: Pension??
 

Correct - it all changed in April this year.

Re: Pension??
 

sorry, you are right at 30 years min.

I thought when they put the price up of vol class 2 NICS last year they reduced the years to 20, clearly not that generous!

If you get a statement from Govt it confirms how many years you have & how many you need, plus how many you can buy back.