had to resign at 64 , what now?

merlin68

Thought the max state pension was £115 so how come your getting £200 plus the civil service pensions?

billywilly

merlin68 wrote: »

Thought the max state pension was £115 so how come your getting £200 plus the civil service pensions?

There is no maximum. The basic pension is as you say for those with a full compliment of years of credits or as in my case, NIC payments.

On top of the basic amount you get additional payments which are directly related to what you have earned. As I was on a high salary (1989 - 1996 over £100,000 gross pa) I get a high bonus which currently makes the State Pension up to just under £200 a week.
That was the old system.
The new one is a flat £155 a week no matter what you pay in.
Additionally under the old system, when I draw my State Pension, my wife gets one free of charge based on my NIC record equal to 60% of the full basic pension.

I also get two Civil Service pensions for the two schemes that I was in which were free to me as the government paid into it for me. I also have private pensions that I personally paid into voluntarily to reduce my tax liabilities.

poppasmurf_bewdley

merlin68 wrote: »

Thought the max state pension was £115 so how come your getting £200 plus the civil service pensions?

My state pension is £193 per week, because I paid into SERPS instead of opting out, and my NI payments were pro-rata to what I earned, which results in a higher state pension.

Scarla

So how on earth Billy were you allowed to receive Pension Credits?

You're words below:

have claimed many benefits (ESA, DLA, IIDB, & Pension Credit) and never was asked anything about the home we live in, what it is worth

billywilly

Scarla wrote: »

So how on earth Billy were you allowed to receive Pension Credits?

You're words below:

have claimed many benefits (ESA, DLA, IIDB, & Pension Credit) and never was asked anything about the home we live in, what it is worth

How? I just applied for it! It seemed that with all of the extra premiums added to the basic figure, we were assessed as requiring an income (taking into account 100% Council Tax Support, Mortgage Interest payments) of £600 a week. As our pensions and investment income didn't reach that figure, the DWP topped it up so that it did.
It's gone down considerably now since I was refused PIP. I am aware that I can claim Attendance Allowance and if granted it would send our income to over £600 a week again. However as we don't need all of that, I haven't bothered to make the claim. The difference that a successful AA claim would make to our weekly income would be approx £230 a week.

Scarla

I don't for one second believe that an income of £600pw entitles you to SMI and CT Benefit, but am happy to be corrected if it does. Your state pensions alone total £270pw. Your wife also has £10,000 in savings!

Also, you have the nerve to criticise other posters from taking full entitlement/making a claim for benefits when you are claiming so much! Beggers belief.

Scarla

Aren't SMI and CTB means-tested benefits?

Scarla

billywilly wrote: »

There is no maximum. The basic pension is as you say for those with a full compliment of years of credits or as in my case, NIC payments.

On top of the basic amount you get additional payments which are directly related to what you have earned. As I was on a high salary (1989 - 1996 over £100,000 gross pa) I get a high bonus which currently makes the State Pension up to just under £200 a week.
That was the old system.
The new one is a flat £155 a week no matter what you pay in.
Additionally under the old system, when I draw my State Pension, my wife gets one free of charge based on my NIC record equal to 60% of the full basic pension. 60% of your full state pension or 60% of the regular state pension?

I also get two Civil Service pensions for the two schemes that I was in which were free to me as the government paid into it for me. I also have private pensions that I personally paid into voluntarily to reduce my tax liabilities.

Can you clarify please?

Scarla

Last word on the subject................I think my parents are doing something wrong, as are millions of pensioners.

merlin68

His talking rubbish as usual. You wouldn't get council tax support or smi on his income and savings.
AA is £81.30 a week, so how would it top your income up by £230?
I'd like him to do a complete breakdown of figures.