state pension advice
Discussion
I am constantly surprised by the depth of knowlage on here, so I thought I'd try you lot on this.
I'm an Aussie who has been living and working here for about 20 years and thinking about going home for good.
Now i have been obviously paying my tax and NI. Am I likely to get some sort of pension when i reach retirement age even if I am living in Oz?
It's still a fair way off. I'm just wondering how it works.
I'm an Aussie who has been living and working here for about 20 years and thinking about going home for good.
Now i have been obviously paying my tax and NI. Am I likely to get some sort of pension when i reach retirement age even if I am living in Oz?
It's still a fair way off. I'm just wondering how it works.
There are a minimum number of years contributions required to get the full state retirement pension - I think it's around 31 years now or soon will be. If you pay less than this, then you will not get the full state pension but should be entitled to a pro rata amount based on the number of years you have paid into the system.
Your best bet is to get a pension forecast from HMRC:
http://www.hmrc.gov.uk/pdfs/ca3638.pdf
Your best bet is to get a pension forecast from HMRC:
http://www.hmrc.gov.uk/pdfs/ca3638.pdf
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