State Pension - will it eventually be means tested?



  • Flugelhorn
    Flugelhorn Forumite Posts: 5,089
    Part of the Furniture 1,000 Posts Name Dropper
    nigelbb said:
    nigelbb said:
    How on earth could the state pension be means tested? There are currently around twelve million people receiving a UK state pension with a million of those living abroad. How could overseas pensioners be means tested?
    they won't means test it any more than it already is means tested ie the more you earn, the more you pay into the system and then when you get the pension, the more you pay out in tax
    Not necessarily. You can move abroad after contributing & paying tax in the UK for just three years then pay Class 2 National Insurance contributions for the next thirty odd years & receive a full UK state pension of around £10,600 per year for the outlay of under £6,000. If you are living abroad while receiving a UK state pension the tax you pay on it will be in country where you live not the UK.

    so that's where I went wrong   :s 3-4K a year and now 40% tax on the pension when I finally get it  :/ 
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