Other Stuff > Misc / Open
What's the next part where the price will go through the roof?
McCabe-Thiele (Ted):
--- Quote from: Oddjob on March 05, 2022, 01:59:28 AM ---
--- Quote from: McCabe-Thiele (Ted) on February 20, 2022, 10:09:32 PM ---
--- Quote from: Oddjob on February 20, 2022, 06:48:13 PM ---I always wondered why someone didn't sue the Government for breach of Contract, they made a contract with everyone to pay pension at 65 or 60 if you were a woman, yet they broke that contract and no one said a thing.
I had to work an extra year because I missed the cutoff date by a few months, cost me another year of NI contributions and a loss of £176 a month in pension payments.
Also we were still in the EU when this happened, so they were supposed to conform to EU guidelines on pension age yet they ignored all that. They retire much earlier in France for instance.
--- End quote ---
Wendy had to work another 6 years her pension age moved from 60 to 66 as she was born in 1954.
--- End quote ---
Ted, my missus is due to retire next year after working all her life except for maternity leave. How much is a wife's pension these days per month when they are fully stamped up. She doesn't know anyone to ask who's older than her who's got full contributions in.
--- End quote ---
Easy enough to do an accurate online Pensions Forecast based on her actual contibutions through the Gov website they do quite a few identity checks to give you the Gov Gatway Identity FWIW my wifes OAP is £820.32 every four weeks so that's 13 payments a year £10,664.16 p.a. she did pay reduced contributions for a short period due to workplace scheme.
https://www.gov.uk/check-state-pension
Sesman:
Yes, the forecasting system is very good IMHO. Your missus must have some SERPS and SP2 contributions, Ted.
Did you come a conclusion on the colour scheme by the way?
McCabe-Thiele (Ted):
--- Quote from: Sesman on March 05, 2022, 01:56:11 PM ---Yes, the forecasting system is very good IMHO. Your missus must have some SERPS and SP2 contributions, Ted.
Did you come a conclusion on the colour scheme by the way?
--- End quote ---
Yes she did pay some SERPS before it was scrapped we did a modest top up for one year - it was about £40.
I am keeping my existing colour scheme for the summer at least - if everything is fine with the rebuilt engine then I will try to run it it in during the summer - then it's dependant on funds & enthusiasm.
Seabeowner:
If you have incomplete contributions in the last six years (I think), you can buy up these years.
McCabe-Thiele (Ted):
If any members here have a wife/husband whose only income is the state pension or is under pension age with no income or on a low income do not forget you can apply for the married persons allowance and transfer it to the higher earner.
HMRC will pay in arrears I think it's for 3 tax years including the current year. Its an allowance of an additional £1260 a year tax free added to your tax code. (I got about £750 refunded by HMRC as I applied for it just before the new tax year - this was about 5 years ago.) Only benefits folk with one spouse on a low income or a partner who is paying the higher rate of income tax.
HMRC do not do this automatically - it was introduced to benifit married couples but you have to apply for the transfer. https://www.gov.uk/marriage-allowance
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