English v French

Is it 30 years contributions for a full state pension in the UK and a whopping 42 in France.
In France the full pension age is 67, unless you have those 42 qualifying years.
 
sixthswan said:
Is it 30 years contributions for a full state pension in the UK and a whopping 42 in France.
In France the full pension age is 67, unless you have those 42 qualifying years.
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Ahh ok, i didn’t know that. So… by your reckoning I can get a full state pension in the UK if I started work at 16 when I’m 46. But I have to wait until I’m 58 to receive the same if I’m French.
Every days a school day eh!
 
No.

You'd still have no wait until 67 in the UK (if that is your mandated retirement age). But you will have qualified for the full state pension by the age of 46.

In France you could retire at 62, but to do so you would need to have worked fully until the age of 58 to qualify. If you didn't qualify, then you have to wait until 67.

I think...
 
sixthswan said:
No.

You'd still have no wait until 67 in the UK (if that is your mandated retirement age). But you will have qualified for the full state pension by the age of 46.

In France you could retire at 62, but to do so you would need to have worked fully until the age of 58 to qualify. If you didn't qualify, then you have to wait until 67.

I think...
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So after 46 what happens to the pension we pay if we don’t need to pay it in?
 
sixthswan said:
It goes into the pot.
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So it’s a load of old bollocks really. Most folk started work at 16 or when to uni. So started working full time a bit later, 22 maybe. So 30 years on your 52, paid your full amount yet can’t get it for another 15 years, that’s if you live that long.
 
sixthswan said:
Is it 30 years contributions for a full state pension in the UK and a whopping 42 in France.
In France the full pension age is 67, unless you have those 42 qualifying years.
Click to expand...
35 in the UK now, 42 in France, 10 years minimum for both I think. Calculation's a bit (lot!) different though. Without wishing to start on an item by item comparison (all taxes, cost of living etc.) you could probably contribute 35 years worth in France and still get more than you would for the same in the UK.
 
They were supposed to review the pension age any time now and it was supposed to affect the people who were set to retire on or after 2044. As it stands the state pension age will be 68 for that age group, but the recommendation is to bring that down to the mid 2030's thus pushing
probably a few million more out of the 67 bracket and into 68.
Apparently the decision as been deferred for about 2 more years. All extremely convenient considering there will be an election before then.
Shit news doesn't go well at the polling station does it !!
 
I had read about the 35 years.
Is that only for people starting employment after 2016?
When I've checked on the government tax website, it says I already have the required 30 years.
Wouldn't put it past them to lie though.
 
Brauny said:
They were supposed to review the pension age any time now and it was supposed to affect the people who were set to retire on or after 2044. As it stands the state pension age will be 68 for that age group, but the recommendation is to bring that down to the mid 2030's thus pushing
probably a few million more out of the 67 bracket and into 68.
Apparently the decision as been deferred for about 2 more years. All extremely convenient considering there will be an election before then.
Shit news doesn't go well at the polling station does it !!
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And when they do it watch for the sophistry at work as having used the argument of increased life expectancy to help justify the previous increase in state pension age, they then increase it further despite a lowering of life expectancy [am sure someone will be along soon to discuss the reasons for that].
 
Checked my forecast. 30 years maximum that I can contribute.

"You cannot improve your forecast anymore.

If you're working you may still need to pay National Insurance contributions until --/--/---- as they fund other state benefits and the NHS."
 
buz_not_buzz said:
And when they do it watch for the sophistry at work as having used the argument of increased life expectancy to help justify the previous increase in state pension age, they then increase it further despite a lowering of life expectancy [am sure someone will be along soon to discuss the reasons for that].
Click to expand...

Yes I was aware of the life expectancy thing, which destroys a large part of the justification.
It's widely expected that anyone under the age of 30 will not get a state pension until they are 70.
Shocking.
I am not sure what employers will think about.
If I am anything to go by, I have spent most of my working life doing mainly physical work. I have not made 60 yet but the body is complaining more and more. It will end up with employees taking more time off for dodgy knees, bad backs, aches and strains and arthritis to name just a few common complaints.
It's going to be work till you drop basically.
Most of us will have heard parents or grandparents saying how hard it was in their day, well it looks like we are going backwards.
 
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Problem is, when we’re young we don’t give a flying fuck about pensions. Something for the old bastards to worry about. That’s why Governments get away with it.
 
I read somewhere that 10 years as an MP, gets you a tidy £18,500 a year pension.

The equivalent of having £300k in your pension pot.

I believe they can retire at 65 as well.

Those career politicians are going to be minted. From our money.
 
sixthswan said:
Checked my forecast. 30 years maximum that I can contribute.

"You cannot improve your forecast anymore.

If you're working you may still need to pay National Insurance contributions until --/--/---- as they fund other state benefits and the NHS."
Click to expand...
Before 2010 I think it was over 40 qualifying years were needed and then it got knocked down to 30. Now it is 35 for those starting their working lives after 2016 I guess partly as a result of the removal of the 2nd state pension.
 
DagenhamFox said:
Once you’ve done 30 years can you opt out of surps to save a few quid?

Have I even got that right?
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Not really, SERPS is no longer a thing. It was replaced at the start of the 2000s I think by the 2nd state pension (similar concept) which in turn was stopped in 2016 in favour of the New State Pension which replaced the combination of Basic State Pension & 2nd State Pension and is what anybody who reached/reaches pension age after 2016 is/will be on. I think they made/make some deductions for those people who contracted out of SERPS/2nd State Pension when determining the value of the new state pension.
 
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I like the OP, the difference in reaction of the population of being/attempted to be royally shagged because of alleged average 'life expectancy'. An average which is skewed by the extended life expectancy of the very well orf and of course the 'hard working people' average has gone up by about 2 weeks.

The current retirement age in France is 62

We really are subservient ain't we?

To qualify for full pension you need 35 full contributions, and for every year under that you lose 1/35th per week. If you have under 10 years you get NOTHING

There is a limited time for which you can pay voluntary contributions to make up for any missed years since 2006. I advise ANYONE no matter what age to get yerselves properly informed about all this.
 
soupsandwich said:
There is a limited time for which you can pay voluntary contributions to make up for any missed years since 2006. I advise ANYONE no matter what age to get yerselves properly informed about all this.
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I believe the option to go back to 2006 has now finished and you can now only make up six years of missed contributions. Fairly certain that it ended on April 6th.
 
hackneyfox said:
I believe the option to go back to 2006 has now finished and you can now only make up six years of missed contributions. Fairly certain that it ended on April 6th.
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April 6th was for this year to date back 6 years until 2016.
It lapses every year at the start of the new financial year so now you can recover missed years back to 2017.

However, there is a one off chance to recover any missed years back to 2006. This runs out on 31st July 2023.

If you haven't seen any info about this then that is because it's deliberate and typical of the lack of info of the availability of many (unclaimed) benefits available to 'hard working families'.

Levelling up? my arse.............

Don't forget you will be disenfranchised at all elections from now on unless you take a photo ID with you to the polling station.

Check out the Gov.uk website for up to date Pension info.



You have until 31 July 2023 to pay voluntary contributions to make up for gaps between tax years April 2006 and April 2016 if you're eligible.

Voluntary National Insurance: How and when to pay - GOV.UK​

 
Interesting as I’m certain that isn’t what Martin Lewis was saying in his programme the other week so either I didn’t understand what he was getting at or he’s not the expert he makes himself out to be. Probably a fuck is on my part.
Thanks for sharing the link above as it could save a lot of people their pensions.
 
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