Ex-pat

This is about UK old age pension.

If you have paid full contributions, how much is an old age pension

- for a male?
- for a female?

anyone?

thanks

snikpoh

Isn't it £107.45 per week plus any additional state pension (based on NI contributions) and I think it's the same for both sexes.

mikelincs

That's correct, and will go up 2.7% in April I believe.

Ex-pat

Thank you both.

choirfran

Hi this has nothing to do with your question but can you help me, i have just registered on this site but i dont know how to introduce myself. My name is Frances could you point me in the right direction please

mikelincs

There is a forum called 'Welcome Inn' which allows you to post, and tell us a bit about you and where you are or are wanting to move to.

Link here.

http://britishexpats.com/forum/forumdisplay.php?f=145

Fred James

On the other hand, if you are primarily interested in the Spain forum just go ahead and tell us about yourself, your plans and how we may be able to help you.

And, of course, welcome to the forum.

Ex-pat

Welcome Frances!

bobd22

If you contact DWP they will give you a pension forecast including any SERP's which can make quite a difference.

chrisjolly

Check on the DWP website as it is all there. if your total income and savings allow it then you may be entitled to Pension and or Savings Credit which tops up your State basic Pension but sadly they only pay this to UK residents. If you are a non-resident like me then you have to survive on the lowest pension in Europe.

wilson822

Hi, for now its 107 a week and going up to 110 a week , then if you need tax credit its more , but by 2017 they hope to pay 144 a week . hope that helps , go on savvywoman , thats a good site ,

snikpoh

Correct, but you'll also need 35 years to qualify - not the current 30. So, for people who are planning to retire with less than 35, (like me with only 30), will we be expected to make the additional 5 years worth of payments?

Domino

surely in this day and age it is the same for men and women - so long as they have met the contribution criteria

For the year 2012/2013, the full pension allowance for a single person who has made sufficient contributions is £107.45 per week.

A married individual's state pension allowance is currently £64.40 per week if using their partner's national insurance contribution record. The married couple’s pension allowance will be £171.85 per week in total (£107.45 plus £64.40).

If both partners have worked throughout their lives and have made sufficient national insurance payments individually, the separate single pension entitlements will apply. This means the total combined state pension allowance for a married couple or civil partnership rises from £171.85 to £214.90 per week.
http://seemoney.co.uk/pages/services...asic_state.asp


also see http://www.pensionsadvisoryservice.o...h-will-you-get

the official site is more reserved https://www.gov.uk/state-pension/overview
not wishing to commit themselves until you have made a request for a quotation.

hth

CapnBilly

No, you would get 6/7's of the pension in payment. Having said that, before the last changes (i.e when you needed 44 years) it was a no brainer to buy additional years. I think the payback was 3 years. Haven't looked for about 5 years, so don;t know if its still the same, but certainly worth looking at.

snikpoh

What happens to the SERPS then?

I currently have a forecast of about £155/week including SERPS but presumably this will go down to about £123 (6/7 x £144) when I retire (+-inflation etc.)?

Presuming, of course, they haven't moved the goal posts again