Exchange rates and The UK State Pension
Jan 3rd 2014, 3:47 pm
#31
Joined: Apr 2005
Location: Milwaukie, Oregon
Posts: 9,965
Re: Exchange rates and The UK State Pension
I am assuming yes I will be as I have no payments at all. So will she as she has two UK pensions and only 27 years payments into SS. If I have understood it properly, and I very much doubt I have, I will receive 40% of my base SS payment.
Jan 3rd 2014, 7:38 pm
#32
Forum Regular
Thread Starter
Joined: May 2012
Location: Raleigh, North Carolina
Posts: 46
Re: Exchange rates and The UK State Pension
That would be correct, so effectively it would still have been a 15% after being WEP'ed.
Jan 3rd 2014, 7:42 pm
#33
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Thread Starter
Joined: May 2012
Location: Raleigh, North Carolina
Posts: 46
Re: Exchange rates and The UK State Pension
Don't forget that when you turn 66 you are allowed a greater amount that you can earn, if collecting SS, it's now over $40k and at 67, if I'm not mistaken, your income is not limited at all.
Jan 3rd 2014, 10:04 pm
#34
Joined: Apr 2005
Location: Milwaukie, Oregon
Posts: 9,965
Re: Exchange rates and The UK State Pension
How does the earning limit effect WEP?
