Pension

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GordonvaleClaret
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Re: Pension

Post by GordonvaleClaret » Fri Aug 17, 2018 12:52 am

Hipper wrote:I got my state pension this year. As I was contracted out for twenty years or so I get £142 a week instead of £163, ............
I last worked/lived in the UK in 1978. I get a UK pension of £57.48 a week. This amount stays fixed until the clogs pop, no increases ever.

dsr
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Re: Pension

Post by dsr » Fri Aug 17, 2018 1:00 am

TVC15 wrote:Up to £30k they are.
Not if you're an MP. MPs get a full year's salary when they leave office, whether voluntarily or they lose their seat, and they get it all tax-free. They felt morally a justified in passing a special MP-only law for that.

(Possibly at the same time as they passed a special MP-only law about not having to pay extra tax on vast pension pots. It's nice being an MP, you can exempt yourself from all sorts of taxes.)
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tim_noone
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Re: Pension

Post by tim_noone » Fri Aug 17, 2018 1:02 am

GordonvaleClaret wrote:I last worked/lived in the UK in 1978. I get a UK pension of £57.48 a week. This amount stays fixed until the clogs pop, no increases ever.
Im surprised you can afford clogs .....

piston broke
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Re: Pension

Post by piston broke » Fri Aug 17, 2018 8:33 am

ElectroClaret wrote:Yes, it is. Think the current income tax free allowance is £11,500. That includes your pension income.
So if you have income from your pension at £8,500, for example, you can earn another £3,000
before you're liable to income tax.
One of the bonusses of living abroad? Whilst my LCC pension is taxed in UK my OAP is taxed in country of residence. As my OAP is far below Irish threshhold I don’t pay tax on that portion.

TVC15
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Re: Pension

Post by TVC15 » Fri Aug 17, 2018 8:40 am

dsr wrote:Not if you're an MP. MPs get a full year's salary when they leave office, whether voluntarily or they lose their seat, and they get it all tax-free. They felt morally a justified in passing a special MP-only law for that.

(Possibly at the same time as they passed a special MP-only law about not having to pay extra tax on vast pension pots. It's nice being an MP, you can exempt yourself from all sorts of taxes.)
I never knew that - what a set of cheating greedy slime balls they are.
If they are also exempt from the lifetime allowance excess tax that’s a 55% saving on what the public have to pay. F’in criminal.
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IanMcL
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Re: Pension

Post by IanMcL » Fri Aug 17, 2018 4:19 pm

Logging into the Gov.uk website will give you any detail about pension you need. Don't forget your free bus pass!

If you can manage it, enjoy the extra time .
Good luck.

piston broke
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Re: Pension

Post by piston broke » Sat Aug 18, 2018 10:21 pm

Just came across this, Steve. Might be worth a scan for you.
https://www.davy.ie/private-clients/ins ... ement.html" onclick="window.open(this.href);return false;

Top Claret
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Re: Pension

Post by Top Claret » Sun Aug 19, 2018 12:36 am

GordonvaleClaret wrote:I last worked/lived in the UK in 1978. I get a UK pension of £57.48 a week. This amount stays fixed until the clogs pop, no increases ever.
You would if you lived in the EU has an ex pat, but outside no

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