Retirement - US Soc Sec, UK Nat Ins, and the Totalization Agreement
Mar 13th 2011, 10:48 pm
#136
In the pink
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Location: USA
Posts: 3,324
Re: Retirement - US Soc Sec, UK Nat Ins, and the Totalization Agreement
Mar 13th 2011, 11:55 pm
#137
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Joined: Nov 2009
Location: Originally from the U.K. and now back in Houston
Posts: 51
Re: Retirement - US Soc Sec, UK Nat Ins, and the Totalization Agreement
You may also find using the State Pension Profiler helpful:
http://www.direct.gov.uk/en/Pensions...sion/DG_184319
About three quarters the way down the page there is an orange button to click on ...
I think you have to have contributed to NI for at least 10 years to get anything though ....
All the best
Tahiti
Mar 14th 2011, 12:05 am
#138
In the pink
Joined: Oct 2006
Location: USA
Posts: 3,324
Re: Retirement - US Soc Sec, UK Nat Ins, and the Totalization Agreement
Hi Windsong
You may also find using the State Pension Profiler helpful:
http://www.direct.gov.uk/en/Pensions...sion/DG_184319
About three quarters the way down the page there is an orange button to click on ...
I think you have to have contributed to NI for at least 10 years to get anything though ....
All the best
Tahiti
You may also find using the State Pension Profiler helpful:
http://www.direct.gov.uk/en/Pensions...sion/DG_184319
About three quarters the way down the page there is an orange button to click on ...
I think you have to have contributed to NI for at least 10 years to get anything though ....
All the best
Tahiti
Mar 14th 2011, 12:38 am
#139
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Joined: Nov 2009
Location: Originally from the U.K. and now back in Houston
Posts: 51
Mar 14th 2011, 12:54 am
#140
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Location: Chicago, IL
Posts: 351
Re: Retirement - US Soc Sec, UK Nat Ins, and the Totalization Agreement
Sometimes I think the more info I get, the more confusing this becomes 
If I were to retire at 62 and take the reduced SS, I assume that figure would stay the same right through until the day I die (except for increases by law). It just occurred to me that perhaps if I retire at 62, take the reduced figure, that just "perhaps" when I turn 66 it would go back to the FULL amount, but I hardly think so.
If I were to retire at 62 and take the reduced SS, I assume that figure would stay the same right through until the day I die (except for increases by law). It just occurred to me that perhaps if I retire at 62, take the reduced figure, that just "perhaps" when I turn 66 it would go back to the FULL amount, but I hardly think so.
http://money.cnn.com/2010/10/15/news...ment/index.htm
Hope this information is of help to you.
Mar 14th 2011, 3:18 am
#142
BE Forum Addict
Joined: Nov 2010
Posts: 4,100
Re: Retirement - US Soc Sec, UK Nat Ins, and the Totalization Agreement
Hi Windsong
You may also find using the State Pension Profiler helpful:
http://www.direct.gov.uk/en/Pensions...sion/DG_184319
About three quarters the way down the page there is an orange button to click on ...
I think you have to have contributed to NI for at least 10 years to get anything though ....
All the best
Tahiti
You may also find using the State Pension Profiler helpful:
http://www.direct.gov.uk/en/Pensions...sion/DG_184319
About three quarters the way down the page there is an orange button to click on ...
I think you have to have contributed to NI for at least 10 years to get anything though ....
All the best
Tahiti
Mar 16th 2011, 4:51 pm
#143
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Joined: Aug 2004
Posts: 4,754
Re: Retirement - US Soc Sec, UK Nat Ins, and the Totalization Agreement
http://www.hmrc.gov.uk/ni/volcontr/abroad.htm#4
They are very affordable, I paid 120 pounds last year and for that I get basic state pension and incapacity and bereavement benefits when I return to the UK
Mar 17th 2011, 1:53 am
#144
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Posts: 4,100
Re: Retirement - US Soc Sec, UK Nat Ins, and the Totalization Agreement
Class 2 contributions are for the those self-employed or employed abroad by a foreign employer.
http://www.hmrc.gov.uk/ni/volcontr/abroad.htm#4
They are very affordable, I paid 120 pounds last year and for that I get basic state pension and incapacity and bereavement benefits when I return to the UK
http://www.hmrc.gov.uk/ni/volcontr/abroad.htm#4
They are very affordable, I paid 120 pounds last year and for that I get basic state pension and incapacity and bereavement benefits when I return to the UK
Mar 17th 2011, 2:52 am
#145
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Posts: 4,754
Re: Retirement - US Soc Sec, UK Nat Ins, and the Totalization Agreement
So I assume any UK citizen who is living/working overseas can pay in Class 2 contributions. Is that £120 weekly or annually? I assume it is annually. If that is all it is, then I suppose someone could pay in 10 years' worth and then receive basic pension when living back in the UK. Is that right?
Mar 17th 2011, 3:58 am
#146
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Re: Retirement - US Soc Sec, UK Nat Ins, and the Totalization Agreement
If you're an expat and work for a foreign company you can pay Class 2. The 120 pounds in annually. You can make back payments for a limited number of the most recent years you missed, it might be 3 or 5, I'm not sure. The Class 2 payments will count towards you NI record when the pensions dept. calculates your pension. Right now I have a couple of Class 1 years and 23 Class 2 years so I'll qualify for 25/30ths of basic pension when I get to 66. But I'll just pay Class 2 for another 5 years until I reach 30 contribution years and then stop.
That's a pretty cheap pension - 600 pounds is nothing.
Mar 17th 2011, 7:15 am
#147
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Location: Salt Spring Island, BC, Canada
Posts: 2,060
Re: Retirement - US Soc Sec, UK Nat Ins, and the Totalization Agreement
I have in my hand a booklet called "Social Security. Agreement between the US and The United Kingdom". (Actually, I also have the same booklet for US and Canada). I picked these up at the local government office here on the islnad and feel sure they will be available at your local govt office whether you are in the US or UK or Canada.
Mar 17th 2011, 12:22 pm
#148
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Posts: 4,754
Re: Retirement - US Soc Sec, UK Nat Ins, and the Totalization Agreement
and the Class 2 rate is 2.10 pounds a week.
http://www.hmrc.gov.uk/ni/volcontr/whentop-up.htm
Mar 17th 2011, 1:46 pm
#149
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Re: Retirement - US Soc Sec, UK Nat Ins, and the Totalization Agreement
All the information you need is here! You can pay upto six years retroactivelyand the Class 2 rate is 2.10 pounds a week.
http://www.hmrc.gov.uk/ni/volcontr/whentop-up.htm
http://www.hmrc.gov.uk/ni/volcontr/whentop-up.htm
Mar 17th 2011, 1:52 pm
#150
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Posts: 4,754
Re: Retirement - US Soc Sec, UK Nat Ins, and the Totalization Agreement
Interesting - I was listening to a public service announcement this morning about state pension, in particular aimed at women and the fact that they can get NI credit for years spent at home raising children. The announcer said that you can buy in additional years "up to as many as 12 years, depending on your age" ... maybe it's a case of the left hand not knowing what the right hand is doing (or maybe policy materials not being updated - everything seems to be changing these days).
and example of on such situation.
http://www.direct.gov.uk/prod_consum.../dg_180385.pdf
Last edited by nun; Mar 17th 2011 at 1:58 pm.