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State Pension Inequality?
fred246
Posts: 3,620 Forumite
My wife gave up work when we had our first child and refused to do any more paid employment. She preferred lunching out, going to the gym, shopping etc. I was getting worried that she would have no state pension whatsoever but when we checked her record it was better than mine. Over 20 years for looking after children. My wife's sister came round recently. She couldn't afford to give up work and has worked all the way through having children. She's found it hard and even has a blog about all the pressure. We suddenly worked out that their state pension entitlement is exactly the same. Her sister has contributed a small fortune to get the same reward. It seems a bit unequal? Am I missing something?
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How is it unequal, the SP is now more equal than it has ever been.0
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My wife gave up work when we had our first child and refused to do any more paid employment. She preferred lunching out, going to the gym, shopping etc. I was getting worried that she would have no state pension whatsoever but when we checked her record it was better than mine. Over 20 years for looking after children. My wife's sister came round recently. She couldn't afford to give up work and has worked all the way through having children. She's found it hard and even has a blog about all the pressure. We suddenly worked out that their state pension entitlement is exactly the same. Her sister has contributed a small fortune to get the same reward. It seems a bit unequal? Am I missing something?
People can come into the UK to live and get the state pension with no contributions, never worked here, that's the way it works. So all are entitled including people who have contributed that's what they are paying for.The world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon0 -
usually the big difference between women who have given up work and not gone back and those who have plodded on through, juggling kids and work is the size of the occupational pension they (or not as the case may be)0
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Over 20 years for looking after children.Am I missing something?
20 years NI credits from child benefit won't by themselves entitle her to a full state pension.
And I'm sure there are many parents out there who are thinking that your vision of what is involved in full time child care is more than slightly innacurate (are you one of those husbands who expected a hot home-cooked meal on the table when you came in each night ?)0 -
Only if they accrue a National Insurance record by some other means. If you have fewer than 10 years of contributions, you're not entitled to a state pension.People can come into the UK to live and get the state pension with no contributions, never worked here, that's the way it works. So all are entitled including people who have contributed that's what they are paying for.I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
It seems a bit unequal? Am I missing something?
Some women are still not happy, ie WASPI women
https://www.waspi.co.uk/0 -
I am not complaining of course we are the ones with a nice pension for less contributions. My wife's sister was the one who wasn't too happy. She's paid all those extra NI contributions with no extra pension.0
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My wife gave up work when we had our first child and refused to do any more paid employment.
So, she made a choice. Good for her. The state also supported her by giving her NI credits.
it would be. They both met NI qualification.We suddenly worked out that their state pension entitlement is exactly the same.Her sister has contributed a small fortune to get the same reward. It seems a bit unequal? Am I missing something?
The sister had employed income and I am sure that money came in useful. As would the increased pension she has built up personally during that time through all that extra money she had.
I don't pay a penny in NI but still qualify as if I had. Getting NI credit can be done in multiple ways.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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