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national insurance contributions in the uk

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david123


Joined: 07/07/2008
Posts: 393

Message Posted:
12/08/2008 00:31

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Message 1 of 19 in Discussion

Hi,



please could anyone tell me, I am moving to trnc in April 2009 and would like to know, can I still pay my national insurance here in the uk and then get pension etc, later on in life, just set up a direct debit with them in my uk bank account, thanks.



David



TimothyCadman


Joined: 13/12/2007
Posts: 1040

Message Posted:
12/08/2008 00:41

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Message 2 of 19 in Discussion

Yes you can. Its around 35 a month. Voluntary Contributions. Pay by Direct Debit. Keep a UK address so that they can correspond with you as your pension approaches.



Top tip:



After 30 years of contributions you do not need to make any more as then you are entitled to your full pension.



david123


Joined: 07/07/2008
Posts: 393

Message Posted:
12/08/2008 01:07

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Message 3 of 19 in Discussion

Hi Tim, thanks for that just needed to know, they don't tell you these things.



David



scruff


Joined: 15/07/2008
Posts: 1070

Message Posted:
12/08/2008 01:38

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Message 4 of 19 in Discussion

Timothy Cadman & David123.



The advice about 30 years maximum contirbutions is only valid for State pension claimants after April 2010 & only for men born after 6 April 1945 & women born after 6 April 1950.



Please be careful when passing on this advice.



cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
12/08/2008 07:28

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Message 5 of 19 in Discussion

Before paying contributions, get a projected pension payout from DSS. You may be surprised at what it says.



We worked out what we would have to pay compared to the additional pension we would get and decided not to bother. All depends on your age, payments to date etc. Whatever you do, never take and accept advice from anyone outside of the DSS.



There is a web site, I am sorry do not remember address, plus contacting DSS helpline will get you all the advice you need.



No1Doyen


Joined: 04/07/2008
Posts: 16617

Message Posted:
12/08/2008 09:36

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Message 6 of 19 in Discussion

This is the site you want.



http://www.dwp.gov.uk/



brian24001


Joined: 23/03/2008
Posts: 606

Message Posted:
12/08/2008 10:00

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Message 7 of 19 in Discussion

you also don't have to rush a decision, you can make back payment for up to 7 years, so might be worth holding the cash in the bank, collect the interest and pay later, I know is a small amount in the greater scheme of things but better in your pocket.



david123


Joined: 07/07/2008
Posts: 393

Message Posted:
12/08/2008 23:48

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Message 8 of 19 in Discussion

Hi all,



thanks for your info, will contact dss/dwp and see what they say, thanks.



David



stellasstar1



Joined: 02/07/2008
Posts: 1519

Message Posted:
13/08/2008 11:16

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Message 9 of 19 in Discussion

Also, as they have an agreement with Turkey, it is no problem the DSS knowing you live in Turkey. When my pensuon was due, we corresponded back and forth with no problem. I was one year short for my full pension, but they advised me it wasn't worth paying the year for the amount extra I would get. I found them to be very helpful and fast with the correspondence. I get my money paid direct into an English account.



MICK THE FISH


Joined: 27/05/2008
Posts: 180

Message Posted:
13/08/2008 11:54

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Message 10 of 19 in Discussion

There is a Government 'Pension Forecast' Website - where you can calculate

your own pension, they use the NI paid to calculate it.



Unfortunately - you can not use it when abroad. They will give you the same thing

by letter.



david123


Joined: 07/07/2008
Posts: 393

Message Posted:
13/08/2008 19:47

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Message 11 of 19 in Discussion

Hi Stellasstar1 and MICK THE FISH,



thanks for your help will contact the dss, and see what they say, thanks.



David



briggus


Joined: 25/07/2007
Posts: 161

Message Posted:
13/08/2008 23:02

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Message 12 of 19 in Discussion

Re 30 years working life this does not take effect until 2010 as part of the pension reforms. I suggest you try the direct gov website and get the link or address for the DWP Pension forecasting centre. you can ask for a State pension forecast - The forecast will tell you how many more reckonable years you need to qualify for the full flat rate state pension.



david123


Joined: 07/07/2008
Posts: 393

Message Posted:
14/08/2008 00:46

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Message 13 of 19 in Discussion

Hi briggus,



thanks for your info will take a look.



David



WETBRIT


Joined: 30/06/2008
Posts: 20

Message Posted:
16/03/2009 16:24

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Message 14 of 19 in Discussion

Did not want to start a new thread. Hope this is relevant.

The cost to buy extra years of NI contributions increases by 50% on 06 APRIL 2009

It is very financially worth while to buy extra if needed. Have attached links to 2 articles which explain. It also affects EXPATS. As said in earlier posts YOU MUST check your state retirement age. If you cannot make the necessary years for full pension buying now will save a lot of dosh.



Time is running out to buy a pension worth 35,000 for 421

The deadline for career-break women to buy a bargain pension is close.

By John Greenwood

Last Updated: 5:15PM GMT 12 Mar 2009

http://www.telegraph.co.uk/finance/personalfinance/pensions/4980350/Time-is-running-out-to-buy-a-pension-worth-35000-for-421.html



Act now to establish a better state pension

Published Date: 14 March 2009 By Jeff Salway

http://business.scotsman.com/personal-finance/Act-now-to-establish-a.5071908.jp



Tricia


Joined: 06/03/2008
Posts: 70

Message Posted:
16/03/2009 16:29

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Message 15 of 19 in Discussion

I hear many folk say "keep a UK address" how actually is this done,

do you just give a friend or relatives address as a c/o address.

If so does this mean you should be living there.

Coming over ourselves in March for a three months trial and

trying to sort out what is what is giving me a bad headache,

cannot wait to arrive in the sun!!!!



lovingcyprus


Joined: 02/03/2007
Posts: 1272

Message Posted:
16/03/2009 17:21

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Message 16 of 19 in Discussion

Do not have a UK address as c/o that may cause you problems as some financial organisations will not accept that.



Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
16/03/2009 21:53

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Message 17 of 19 in Discussion

i have an uk address but they say i live in cyprus so cant get th the increase or fuel allowence etc but you know what you have to give up.A life in the sun or fight authorrity know which one i would have



rsalih


Joined: 01/11/2008
Posts: 306

Message Posted:
16/03/2009 21:57

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Message 18 of 19 in Discussion

Lilli. İ think you do get the increase in pension if you live in cyprus, you dont get fuel allowence.



cyprusishome


Joined: 31/03/2007
Posts: 2381

Message Posted:
16/03/2009 22:44

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Message 19 of 19 in Discussion

David123



Ask the DWP for a pension forecast.



Then decide if the amount you need to pay in NIC is more beneficial than investing the cash elsewhere.



We did and found that current interest rates offered a better return than paying NIC.



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