emotive subject x husbands pension

pauliney_2

thanks for feed back just 1 question when I reach 60 (very soon) will I get any state pension at 60 or do I have to wait for my hubby to reach 65

CIS

You'll get anything based on your own NI record when your 60 (category A pension) and when your husband claims his pension, you claim for an increase on yours using his nI record (Category ABL).

Try requesting a state pension forecast, it'll tell you what you'll get in your own right.

If you also get one for your husband, you'll be able to work out what you'll increase you'll get when he retires.

(Multiply his basic pension by 60%, if your basic pension is less than that figure , they'll pay you the differcne as an increase. if your basic pension's more than the 60%, you'll get no increase)

Apply online at www. the pensionservice.gov.uk or call 0845 3000 168

margaretclare

Have a look at this - it gives all the details of the state retirement pension. http://www.thepensionservice.gov.uk/atoz/atozdetailed/retirement.asp

It's also a good idea to ask for a state pension forecast.

AFAIK, if you're claiming SRP from your husband's contributions, you have to wait until he reaches retirement age for men, which is at present 65.

Margaret Clare

margaretclare

Hi, have just seen this:

http://www.fool.co.uk/news/comment/2006/c060426f.htm?NavLoc=fp_news&NavFrom=home&NavTo=commentf

Worth a read!

Margaret Clare

CIS

Not too bad a piece, but the wording in a few places could be confusing (could be me just being used to understanding them too deeply).

Unfortunately it doesn't cover HRP , a large oversite, and it directs to HMRC for pension information (from experience, the last people you want to ask )

EdInvestor

It also doesn't even mention the fact that you get two state pensions from paying making NICs which more or less doubles the size of the basic state pension.

No wonder so many people don't understand S2P ( the pension formerly known as SERPS).

CIS

I never thought about that, as the article is about the BSP, but its true that you cant really mention one without the other, nor is it sensible to.

I actually saw a worse one the other day, a national newspaper advice column , allegedly by a chartered accountant, giving completley misleading advice regarding state pension deferral's, gvae the wrong rate of increments , gave the a minimum of deferment perid of 1 yr for increments ? and totally forgot to mention the lumpsum deferral.

And that was in reply to a readers letter about deferrment options, if he deferred for a year.