Originally posted by ahoff
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Working in Qatar - tax liability
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You are indeed correct I did purely so it was recorded that I did in fact leave the UK
Sent from my XT890 using Tapatalk 4In Scooter we trustComment
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Originally posted by ahoff View PostHi Lisa
It appears I meet the First and Third automatic overseas test as I will be spending < 16 days in the UK, no work is done in the UK and also I won't be travelling to the UK much. This appears sufficient. Hesitant about me having the properties though. Did not submit the P85 and wondering if I can do so retrospectively.Comment
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Originally posted by LisaContractorUmbrella View PostI don't see why not. If you are intending to come back to the UK you may wish to continue paying voluntary NI contributions
As an old fogey I already have enough years and wouldn't waste the money. Other circumstances will be different of course.Comment
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Originally posted by ASB View PostAlthough the rate of return from voluntary NI contributions is quite high it may be questionable for quite a lot whether it's worth it. With the reduction of years needed to 30 for some it may be much less important; i.e. will still gain a full pension anyway and the benefit from the voluntary contributions will be zero.
As an old fogey I already have enough years and wouldn't waste the money. Other circumstances will be different of course.
Social security insurance, benefits and healthcare rights in the European Economic Area and Social security agreements between the United Kingdom (UK) and other countries - DWPComment
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Originally posted by ASB View PostAlthough the rate of return from voluntary NI contributions is quite high it may be questionable for quite a lot whether it's worth it. With the reduction of years needed to 30 for some it may be much less important; i.e. will still gain a full pension anyway and the benefit from the voluntary contributions will be zero.
As an old fogey I already have enough years and wouldn't waste the money. Other circumstances will be different of course.Comment
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Originally posted by ahoff View PostWhilst digressing, still, interesting comment. How long does one need to be paying NI to qualify for State Pension?Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Originally posted by Fred Bloggs View PostPresently, 30 years. When the flat rate pension is introduced in a couple of years from now, that is increasing to 35 years.
That got me to thinking and looking around to try and find an answer to a somewhat different question.
According to my state pension forecast I already have enough years for a full pension.
And a load a serps (s2p) - one benefit of paying loads and loads and loads of NI as a reasonably well paid permie for a few years.
Now along comes the flat rate pension. So they nick the serps
My hypothetical question comes round to transitionary arrangements.
If I decide to bum around between now and receipt of state pension I will have 30 years, but not 35. I'm actively considering this and just living off my capital (tesco value beans on tesco value white bread).
Question is whether I will still get the full pension on given it will have changed for a requirement of 35 years not the 30.
I expect I can guess the answer, but it's rubbing salt in the wounds after they have basically stolen all my s2p - which they told me a few years ago was worth 70k (and also was part of "my share" in divorce).
Not a great deal. The new arrangements are supposed to benefit 90 odd percent. I guess I'm in the 10 per cent and I get really stiffed I reckon.Comment
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ASB, if you don't have 35 years contributions then I'm sure you'll get a reduced pro-rata rate of the flat rate pension.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Originally posted by Fred Bloggs View PostASB, if you don't have 35 years contributions then I'm sure you'll get a reduced pro-rata rate of the flat rate pension.
It seems fairly harsh; but that's the way it goes.Comment
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