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SSP before retirement?
freccle
Posts: 770 Forumite
I'm due to retire in August this year. However before that I need an operation which is going to result in me being off work for at least 2 months, possibly longer. My employer only pays sick pay for a month and then I have to claim SSP. Is this going to affect my retirement pension?
There will always be:
A “LIE” in BELIEVE, an “OVER” in LOVER, an “END” in FRIEND, an “US” in TRUST , and an “IF” in LIFE
A “LIE” in BELIEVE, an “OVER” in LOVER, an “END” in FRIEND, an “US” in TRUST , and an “IF” in LIFE
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Comments
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I'm due to retire in August this year. However before that I need an operation which is going to result in me being off work for at least 2 months, possibly longer. My employer only pays sick pay for a month and then I have to claim SSP. Is this going to affect my retirement pension?
What pension. are you referring to, and when you say you re due to retire in ugust do you mean that you reach state pension age then ?
If your state pension, then any NI contribution in the tax year you reach state pension age is effectively ignored, so there'll be no impact.
If it's a work pension and it's defined benefit pension (i.e.one that gives you a proportion of your salary) , then I guess that receiving SSP for a period may affect the calculation of the salary used to work out the pension amount, but without knowing the scheme rules it's impossible to say how.
By the way, your employer also pays your SSP0 -
You do not have to claim SSP. Provided you are earning at least £116/week (£118 from April) your employer is required to pay it for up to 28 weeks. If you are earning less than this you are not entitled to SSP.
https://www.gov.uk/statutory-sick-payInformation I post is for England unless otherwise stated. Some rules may be different in other parts of UK.0 -
sorry, state RP. I work 3 days per week at minimum wage - 8 hours less 30 mins for lunch. I'm seriously worried as to how I'm going to manage this yearThere will always be:
A “LIE” in BELIEVE, an “OVER” in LOVER, an “END” in FRIEND, an “US” in TRUST , and an “IF” in LIFE0 -
I estimate that’s about £760/month (before any deductions)
On SSP you will get £92.05/week which is about £400/month. When on SSP you can apply for Universal Credit which will pay you an additional £66/month plus help with your rent if applicable. You will also be able to apply for Council Tax Reduction from your local authority which will reduce your Council Tax bill.
You can get a forecast of your state pension by contacting the Future Pension Service https://www.gov.uk/future-pension-centreInformation I post is for England unless otherwise stated. Some rules may be different in other parts of UK.0
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