Escape to the country & living off savings

[Deleted User]

SuzeQStan said:

Your lifestyle is fab and you are living my hopefully not too far off dream xx

@SuzeQStan It would be interesting to hear your plans for the future and how your retirement income is looking? Maybe a thread for you too?

SuzeQStan

[Deleted User] said:

@SuzeQStan It would be interesting to hear your plans for the future and how your retirement income is looking? Maybe a thread for you too?

Ooh haven’t thought of doing that before as I learn so much on these forums - I will give it some consideration.  

sadly have discovered today that my NI / state pension forecast was incorrect by a few years 😱😓 which has left me somewhat deflated.   So plans might be more delayed than hoped for.  

But in the meantime I enjoy cheering on - and learning from - SYA’s experience. 😊🥰

MovingForwards

You've summed the year up well and we can all feel happiness radiating in the updates. You have achieved a lot in a short space of time.

Maybe some of your old friends could come up for a long weekend or holiday.

I'm sure PD misses you too, as will PD2.

Look where your closest Wi is as they've so many activities and you're bound to find a few things to join. 

Skint_yet_Again

Thanks Baron_Dale, SQS and MF 😊

SQS hope you don’t mind me asking what was wrong with your sp forecast and how did you find out ? 

I’ve just checked mine again and it says I have 39 full years and cannot increase the amount. 

[Deleted User]

As I was contracted out for so many years, I will have paid 47 years by April 2024! This will give me a full new state pension minus a few pence. I am not complaining at all as I also have a decent teacher's pension plus a small annuity. So my main pension income is index linked for life. I need to pay the any outstanding NI voluntarily for Year 47 after April when they have worked out how much I owe, as I was employed for 3 months of the 2023/2024 tax year. Hopefully, it wont take them too long to update their records as my first state pension payment is due in the second half of July.

SuzeQStan

Course I don’t mind 😊 -

 you know the three years that get added onto  NI contributions - think they are called youth or young years something like that for 16,17&18 years of age (unless one is already working and paying NI)?

Well I didn’t spend those teenage years in the UK but rather overseas - so my NI statement of full years of contributions is off by 3 years.  It actually states I have 3 more years of full contributions than I do. 😓

I guess their logarithm automatically adds the 3 years assuming and not checking one was actually in the UK in those teen years.

 And I feel like a complete idiot for not noticing.  Think my poor OH is a bit disappointed in me but hasnt said so bless.

so almost 7 more years to go for me instead of less than 4.  There’s worse things I know sorry I’m moaning about it xx thanks for asking tho I feel better getting it off my chest xx

SuzeQStan

[Deleted User] said:

As I was contracted out for so many years, I will have paid 47 years by April 2024! This will give me a full new state pension minus a few pence. I am not complaining at all as I also have a decent teacher's pension plus a small annuity. So my main pension income is index linked for life. I need to pay the any outstanding NI voluntarily for Year 47 after April when they have worked out how much I owe, as I was employed for 3 months of the 2023/2024 tax year. Hopefully, it wont take them too long to update their records as my first state pension payment is due in the second half of July.

47 years gracious! Glad you have a good teachers pension and a very nearly full state pension 😊👍🏻 

Skint_yet_Again

I have ni credits from age 16 to 18 when I was in full time education doing A levels and working part time. I then did a 12 month “YTS” type employment and then some time unemployed before starting full time in Oct 88. The year 86/87 says I have £35.43 from employment and 59 weeks NI credits (?) I have no idea if these details are correct. I just assumed their records are correct. 

Skint_yet_Again

That’s awful SQS but have you checked with them? I just saw an article which says “So as not to discourage those who studied abroad, you did not even have to be in the UK to benefit from starting credits.”

SuzeQStan

Oh SYA x THANK YOU - I have hope again  -  I’m not going to ignore or put this off - I will look into this and make sure.  (You’re a star you know) xx