Blue Maverick
Well-Known Member
- Joined
- 6 Aug 2010
- Messages
- 21,812
Because of them Tory twats people will be getting taxed on their state pension unless labour get in an change the personal allowance
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State Pension Increases
- Thread starter mosssideblue
- Start date
Stephen Ireland's pants
Well-Known Member
- Joined
- 21 Dec 2018
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- 875
I am looking forward to getting a bus pass .I paid NI contributions for 47 years (1972 -2019) and also
paid SERPS for 12 years (1978 -1990) until I opted out on advice from a financial advisor.
So everyone will be getting a similar state pension to me.
In fact my wife will be starting to receive her state pension in 2 months time and her letter from DWP states she will be getting £884 every 4 weeks.
And she didn't work from 1982 - 1996 but was entitled to her SP as a full time mother ( she was entitled to it as she was receiving Child Benefit).
East Level 2
Well-Known Member
Yes.Do you get it every 4 weeks then so 13 times a year rather than monthly?
It means it nicely messes up monthly budgeting. However any private pension is likely to be paid monthly.
Blue Maverick
Well-Known Member
- Joined
- 6 Aug 2010
- Messages
- 21,812
Ye my private one is paid monthly, only another 12 years until the state one!Yes.
It means it nicely messes up monthly budgeting. However any private pension is likely to be paid monthly.
East Level 2
Well-Known Member
Bloody youngsters.Ye my private one is paid monthly, only another 12 years until the state one!
manclad
Well-Known Member
Yes, 13 payments per year.Do you get it every 4 weeks then so 13 times a year rather than monthly?
Which means that one month per annum, I receive 2 payments from DWP which is a very nice treat.( Particularly when it happens near Christmas).
SilverFox2
Well-Known Member
Thanks for reply.I got a letter from DWP about 6 weeks ago to tell me that my new state pension amount was increasing to £911.40 every 4 weeks.
It was previously £840 per 4 weeks,so as far as I'm concerned it is a 8.5 % increase.
A very small amount of my pension is SERPS related ,about £5 per week only.
And I've not had a phone call from DWP.
In my case there are 4 elements of which only 1 is getting 8.5 percent.
The other 3 at 6.7 percent my letter gives only the new weekly amount so I have asked them to detail why I have been paying for spurious benefits that are not treated as a full pension.
Incidentally I am in my middle 80s so many changes have happened to NI eg SERPS etc and for some of that time I was paying maximum monthly payments.
I had the phone call because my math's of what 8.5 percent increase was did not agree with their letter. The call centre agreed with my math's then told me to expect an explanation by phone wirhin 4 weeks.
I have asked for a detailed letter to allow me to understand their reasoning.
My advice is check the math's, they got it right last year but are short changing some of us this year.
SilverFox2
Well-Known Member
In my case doesn't work.That’s how it works.
manclad
Well-Known Member
I would think that you are receiving the basic state pension (which was paid pre April 2016) and I know that I get the New State Pension,paid from April 2016. There could be some difference because of the differing pension rates, it is very complicated with a lot of different variables involved.Thanks for reply.
In my case there are 4 elements of which only 1 is getting 8.5 percent.
The other 3 at 6.7 percent my letter gives only the new weekly amount so I have asked them to detail why I have been paying for spurious benefits that are not treated as a full pension.
Incidentally I am in my middle 80s so many changes have happened to NI eg SERPS etc and for some of that time I was paying maximum monthly payments.
I had the phone call because my math's of what 8.5 percent increase was did not agree with their letter. The call centre agreed with my math's then told me to expect an explanation by phone wirhin 4 weeks.
I have asked for a detailed letter to allow me to understand their reasoning.
My advice is check the math's, they got it right last year but are short changing some of us this year.
SilverFox2
Well-Known Member
Thanks for reply.I would think that you are receiving the basic state pension (which was paid pre April 2016) and I know that I get the New State Pension,paid from April 2016. There could be some difference because of the differing pension rates, it is very complicated with a lot of different variables involved.
You are right I am sure but my mix of SERPS type pensions has not changed, yet last year I got the full 10.1 percent.
My letter made no mention of a change in the mix variation but chose only one of them for 8.5 percent increase.
A change must have happened but they chose not to tell me the detail in the letter.
Alternatively they are mistaken and owe me some more of the NI money I have already fully paid into the system.