Go Back  British Expats > Living & Moving Abroad > USA
Reload this Page >

Changes to UK retirement benefits

Changes to UK retirement benefits

Old Dec 3rd 2006, 3:37 pm
  #1  
nun
BE Forum Addict
Thread Starter
 
nun's Avatar
 
Joined: Aug 2004
Posts: 4,722
nun has a reputation beyond reputenun has a reputation beyond reputenun has a reputation beyond reputenun has a reputation beyond reputenun has a reputation beyond reputenun has a reputation beyond reputenun has a reputation beyond reputenun has a reputation beyond reputenun has a reputation beyond reputenun has a reputation beyond reputenun has a reputation beyond repute
Default Changes to UK retirement benefits

I've been paying attention to the recent changes to UK state retirement benefits; gradually increasing the retirement age etc, and the onther day I got a letter from the foreign NI office in Newcastle saying that if I had 30 years of voluntary contributions I should stop paying as that now qualifies for full state pension. Well I have a few years to go yet, but it got me thinking. Does anyone know if the new rules affect expats paying Class 2 contributions or if the government is looking to alter our benefits in any way
nun is offline  
Old Dec 3rd 2006, 3:45 pm
  #2  
Lost in BE Cyberspace
 
Joined: Nov 2006
Location: HMP Strangeways
Posts: 5,206
Dogbyte has a reputation beyond reputeDogbyte has a reputation beyond reputeDogbyte has a reputation beyond reputeDogbyte has a reputation beyond reputeDogbyte has a reputation beyond reputeDogbyte has a reputation beyond reputeDogbyte has a reputation beyond reputeDogbyte has a reputation beyond reputeDogbyte has a reputation beyond reputeDogbyte has a reputation beyond reputeDogbyte has a reputation beyond repute
Default Re: Changes to UK retirement benefits

Originally Posted by nun
I've been paying attention to the recent changes to UK state retirement benefits; gradually increasing the retirement age etc, and the onther day I got a letter from the foreign NI office in Newcastle saying that if I had 30 years of voluntary contributions I should stop paying as that now qualifies for full state pension. Well I have a few years to go yet, but it got me thinking. Does anyone know if the new rules affect expats paying Class 2 contributions or if the government is looking to alter our benefits in any way
Careful, it has not yet been passed into Law yet.I have had the same letter as I am still paying voluntary Class 3.I suggest a waiting period into next year then contact them again.
Dogbyte is offline  
Old Dec 3rd 2006, 10:28 pm
  #3  
Bob
BE Site Lead
 
Bob's Avatar
 
Joined: Aug 2004
Location: MA, USA
Posts: 91,775
Bob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond repute
Default Re: Changes to UK retirement benefits

Originally Posted by Dogbyte
Careful, it has not yet been passed into Law yet.I have had the same letter as I am still paying voluntary Class 3.I suggest a waiting period into next year then contact them again.
yup, definitely hold off on it, unless you've only got a couple years left...

to make the contributions though, you've had to been working for 3 years before you buggered off abroad, so I don't have the years, which is a bit off, oh well.
Bob is offline  
Old Dec 19th 2006, 11:49 pm
  #4  
Just Joined
 
Joined: Dec 2006
Posts: 5
budtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to behold
Default Re: Changes to UK retirement benefits

Not yet passed into law and will not come into effect until 2010.

I have just been looking at making some class 2 catchup contributions to make sure I get my 44 years!! If you already have your 30 years in, then you can stop paying now.

If the new rules do not come in, then you can simply play catchup.

budtonite is offline  
Old Dec 20th 2006, 1:22 am
  #5  
SUPER MODERATOR
 
Jerseygirl's Avatar
 
Joined: Dec 2005
Posts: 82,835
Jerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond repute
Default Re: Changes to UK retirement benefits

Originally Posted by budtonite
Not yet passed into law and will not come into effect until 2010.

I have just been looking at making some class 2 catchup contributions to make sure I get my 44 years!! If you already have your 30 years in, then you can stop paying now.

If the new rules do not come in, then you can simply play catchup.

Interesting...my hubby's received no such letter.
Jerseygirl is offline  
Old Dec 20th 2006, 2:58 am
  #6  
Just Joined
 
Joined: Dec 2006
Posts: 5
budtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to beholdbudtonite is a splendid one to behold
Default Re: Changes to UK retirement benefits

Originally Posted by Jerseygirl
Interesting...my hubby's received no such letter.
It is well worth contacting them to request a statement of your contributions and also a forecast of your pension. You can make the request via e-mail, but any reply containing personal information will be returned by regular mail.

They were fairly responsive - 4 to 6 weeks - fairly reasonable. They will also provide you with SOME information relating to the 2010 changes along the lines of what I posted above.

budtonite is offline  
Old Dec 20th 2006, 3:08 am
  #7  
SUPER MODERATOR
 
Jerseygirl's Avatar
 
Joined: Dec 2005
Posts: 82,835
Jerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond reputeJerseygirl has a reputation beyond repute
Default Re: Changes to UK retirement benefits

Originally Posted by budtonite
It is well worth contacting them to request a statement of your contributions and also a forecast of your pension. You can make the request via e-mail, but any reply containing personal information will be returned by regular mail.

They were fairly responsive - 4 to 6 weeks - fairly reasonable. They will also provide you with SOME information relating to the 2010 changes along the lines of what I posted above.


OK...thank you...we will do just that.
Jerseygirl is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.