The UK state pension rules recently changed and for those who reach state pension age after April 2016, you may not be aware that;
- You need 35 years national Insurance contribution history to be eligible for the new full state pension.
- You require a minimum of 10 years contributions to receive any benefits, but these don’t have to be 10 years in a row.
- The 2019 full new single tier state pension will be £168.60 weekly.
- You could receive a percentage of the full amount if you have under 35 years.
- You can claim your benefits at retirement age even if you live outside the UK.
- You can make voluntary contributions whilst working out of the UK Class 2 - but only if you worked in the UK immediately before leaving, and you’ve previously lived in the UK for 3 years in a row and paid 3 years of contributions.
- Class 2 voluntary contribution costs only £2.95 weekly.
The links below will update you with the changes and requirements.
If you have any questions, please contact firstname.lastname@example.orgPosted In : Pensions, Retirement, UK, Alexander Beard