overpayments or pension pot

whatyadoinsucka

yes the uk is truely screwed up for overspending for so many years under both political parties.
i was lucky graduated in 1999 and actually got a free grant each year of £1500-£2000pa
since then i have gained a professional qualification and only now am i paying heavily into a pension pot 10% matched (looking back i should have started at 21) and also overpaying the mortgage.

the problem in the UK everyone wants something for free. remember you only get one life.. make of it what you can.

lkmc01

Ok dshart, thanks. If my partner pays 10% of his wages he could be in theory paying pensions for both of us. What are the rules on state and private pensions to do with couples who are married and not married. We arent married.

lkmc01

Yes quite a few want stuff for nothing. I dont want anything for free. I love working and thrive off a big workload. I'm bored and depressed doing voluntary work and housework.

Thrugelmir

lkmc01 wrote: »

What are the rules on state and private pensions to do with couples who are married and not married. We arent married.

State pension is earnt in your own right. Though you can receive an amount based on your husbands contributions if you haven't made sufficient contributions to qualify.

You would need to be married to make any claim on his private pension assets if you subsequently divorced.

lkmc01

Thrugelmir wrote: »

You would need to be married to make any claim on his private pension assets if you subsequently divorced.

Could you explain this a bit more please.

Also a family friend a while ago said something like I would get basic state pension covered whilst claiming child beneift for my son in my name. Is this true? I dont think this should be true as its not enough to just have children and not contribute by working.

Thrugelmir

Being unmarried means that you have no legal right to assets in your partners name. Whether it be house, pension or cash.

You will receive NI credits while your children are under the age of 12 years old. These will count towards a state pension in your own right.

lkmc01

Thanks, but the house we have bought is in both our names as I put down all my student loan, 17 grand as deposit.

In terms of the NI contributions for my son being under 12 years old, I am looking at starting to sell my paintings on ebay and register for self employment to do this. If I pay class 2 NI contributions voluntary will this add to my NI contributions or replace my child benefit type conributions. And then, say I get an employee type job, will I then have child benefit type contributions, class 2 contributions from self employment and employee type contributions? Should I then still continue to pay the class 2 NI contributions?

Joe_Bloggs

lkmc01
You sound as if you need a tax accountant. Can you get any pointers from those who are in a similar position, to you at, art exhibitions ?
J_B.