Yes that is what i eventualy found outout.even though when i requested a projected forcast it said i woul get the maximum .The Health Service like many goverment bodies opted out of serps ( no one told me)lol To make matters worse I now get taxed £120 a month on my health sevice pension.& somehow missed qualifying for Navy pension by 6 month .My middle name not lucky ha ha
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65 Year Old Man Dies At Job Centre
- Thread starter cyberblue
- Start date
Once you get State pension you will get taxed on your other pensionI think you may be right. I've worked (or pretended to) for about 35 years and am just about to reach full state pension contributions but was contracted out for about 10 years before they contracted everyone back in.
stonerblue
Well-Known Member
Which is currently £169 a week, but don’t let facts get in the way of a moan
unemployment benefit is 71 quid a week max for over 25's. Facts eh....?
My NHS pension which they now taxIf they're contracted out, presumably you will have built up a private pension somewhere else then?
The projected forcast they gave was the maximum which turned out to be falseThose who are not yet claiming a state pension can check their NI record here ... https://www.gov.uk/check-state-pension, but you will probably need to contact them if already claiming it ... https://www.gov.uk/contact-pension-service. They should be able to tell you which years contributed and which didn't.
manclad
Well-Known Member
Yes my financial advisor has told me to take bigger monthly payments (from the tax free portion of my private pension) and then 2 lump sums from the taxable part of my PP to keep my income as high as possible. And then drop the PP monthly payments by around 30% when my State Pension starts. That will keep any income tax payments to a minimum.Once you get State pension you will get taxed on your other pension
Because he should have had his feet up at home spending his state pensionUnusual thread, I thought he'd had some dreadful accident or something, I feel for the poor chap, but people
tend to die as and when, in many situations, how is croaking in a jobcentre any worse than in a pub or shop?
Methinks it's just an oblique jab at government.
You lost me by second sentance lol good luck and enjoy your retirment .you will have deserved itYes my financial advisor has told me to take bigger monthly payments (from the tax free portion of my private pension) and then 2 lump sums from the taxable part of my PP to keep my income as high as possible. And then drop the PP monthly payments by around 30% when my State Pension starts. That will keep any income tax payments to a minimum.
manclad
Well-Known Member
Pensions area very complicated subject Don,I had 4 different private pensions at one time. That is why I took the decision to go to a FA and pay them to sort it all out.You lost me by second sentance lol good luck and enjoy your retirment .you will have deserved it
And cheers for your best wishes,I am sure you will enjoy your retirement as well.