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work/retirement

Started by: PeterP (8833)

Just opened my letter from Works &pensions telling me because I was born after 6th Dec 1953 I can now look forewards to working longerGood news is I can now draw my state pension 3 months before my 66th birthday.Also I only need to pay/credited National insurance contributions for 30YEARS to qualify for a FULL basic pension.Can I ask for a refund has I have been working since 1969 so for the last 13 years I did not need to contribute and the way the ba****ds have it I will have to pay another 8yrs before I get anything backMy wife has worked on/off for the last 41years raised two kids,but I bet she gets a letter to say she has not made enough contributions to draw a full pension in her own rightALL wrong if I am paying over the odds it should automaticaly transfer to my wifes contributions

Started: 11th Mar 2012 at 08:26

Posted by: rio caroni (5077) 

Many thanks for that I was born 6th Sept 1953 so I just sneak in

Replied: 11th Mar 2012 at 12:53

Posted by: orrellite (2353)

Full basic pension you will be lucky, if you have been prudent and have a works pension you can look forward to paying tax on your state pension and maybe losing your age related tax allowance , happy days.

Replied: 11th Mar 2012 at 19:17

Posted by: PeterP (8833)

Drawing my works pension now paying 20% tax on this

Replied: 11th Mar 2012 at 19:26

Posted by: scoop (3285) 



The baskets have us each and every way, may they rot in hell.
As you can tell i feel very strongly about this issue.

Replied: 14th Mar 2012 at 16:07

Posted by: orrellite (2353)

scoop,
I have written to various MPs and ministers over the last few years about the inequality of discounting the age related allowance ,guess what not a single reply which includes the present Dep PM

Replied: 15th Mar 2012 at 07:05

Posted by: bassman (3591)

Been paying 20% tax on my works pension for 9 years.....

Replied: 17th Mar 2012 at 23:02

Posted by: moodysue (inactive)

you and me both ppn... got mine to and I cant retire untill im 66... sucks dont it. I will never pay enough NI stamps because I had breaks in employment when I where married and had kids.... I can never catch up.

Replied: 18th Mar 2012 at 12:37

Posted by: phred (349) 

I retired at 58.....in South Africa.....with pneumoconiosis.....and Really pi...ed off with having to train people of a different background to try to do my job!I like it, I can manage,I don't need to travel the world...I did that!My family is here,it all boils down to the difference to what you want,and what you need!!Good luck.

Replied: 18th Mar 2012 at 17:43

 

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