Maximizing Pension Strategy Mid 30s, one salary for the household

Albermarle

Tashitalksmoney said:

Qyburn said:

Tashitalksmoney said:

 My wife does not have any pension

Will she get State Pension?

We hope that she would be entitled to at least some of the State Pension (that is if it still exists in 20 years.) The goal for claiming Child Benefits was mainly to get her some NI years i.e. 18 years so half of of the 35 years required. 

Abolishing the state pension would be political suicide for any government, so it will not happen. You can see today that they are frightened to tamper with it , as older people vote a lot more than younger ones.
It might become partly means tested and the age when you can take it keeps slowly extending, so might have reached 70 by the time you get there.

Pat38493

Albermarle said:

Tashitalksmoney said:

Qyburn said:

Tashitalksmoney said:

 My wife does not have any pension

Will she get State Pension?

We hope that she would be entitled to at least some of the State Pension (that is if it still exists in 20 years.) The goal for claiming Child Benefits was mainly to get her some NI years i.e. 18 years so half of of the 35 years required. 

Abolishing the state pension would be political suicide for any government, so it will not happen. You can see today that they are frightened to tamper with it , as older people vote a lot more than younger ones.
It might become partly means tested and the age when you can take it keeps slowly extending, so might have reached 70 by the time you get there.

Are you really so sure about that?  People are selfish.  Obviously abolishing the state pension for existing or soon to be pensioners you would be right.  However announcing that it will be wound down and abolished in 30 years form now for new claimants, the older people who vote know might not care so much.

That said I am sure it wouldn't be completely abolished - probably somehow replaced with something that was effectively means tested or where higher earners had to contribute a lot more to get the full amount.

TARDIS

living in London with high part time nursery costs

I appreciate it may be non negotiable but any opportunity to reduce nursery hours to allow more to be saved/invested?