Who is thinking of retiring?
bumblebee
Registered Posts: 135 Dedicated contributor ๐ฆ
Hi all, Not good with pensions but obliged to get into in now! Is there a basic contribution towards state pension (I am aware of 30 yrs of service before you can qualify)? is there such thing that you have to contribute so much towards to get decent basic state pension?
0
Comments
-
-
Hi all, Not good with pensions but obliged to get into in now! Is there a basic contribution towards state pension (I am aware of 30 yrs of service before you can qualify)? is there such thing that you have to contribute so much towards to get decent basic state pension?
Yes. Read this.
http://www.direct.gov.uk/en/Pensionsandretirementplanning/StatePension/DG_183774
and this
http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/NationalInsurance/Voluntarycontributionsandtoppingup/DG_190077
As someone who as spent half his adult life in poorly paid jobs or in full-time education, I have accrued very few 'qualifying years'. But with more than thirty-five to go before reaching state pension age, I'm not that concerned. Having said that, I'm not exactly relying on it still being there by 2050.0 -
Wasn't the qualifying time to be reduced to 22 years? Sure i heard the Tories banging on about this.0
-
Hmmm, well this goes in the 'I'll believe it when I see it' category.
http://www.bbc.co.uk/news/uk-politics-116180190 -
Well, as far as I can think, unless you will a lottery! and that might never happen (but you never know :rolleyes: ). Hoping that my health keeps going as far as... and someone might invent free installations of human robotic super power organs(for my body to keep working and freeze my ageing process) that might keep me going and working until my last breath!0
-
Ah, but depending on your age, when you finally come to retire it'll no doubt have gone up to one hundred years - and only available if you've paid into it for ninety-nine of those.0
-
I can't believe how bad annuity rates are for cashing in private pension schemes, I saw a figure of 6% quoted. But thats not interest, when you die they keep the capitals, plus the standard annuity doesn't get an annual inflation increase...0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 321 NEW! Qualifications 2022
- 164 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 87 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership