tag:blogger.com,1999:blog-5339317216265636215.post8563809826233762210..comments2024-03-12T07:50:58.760+00:00Comments on Frugal in Norfolk: Now for some information for those in the UKDchttp://www.blogger.com/profile/02490191919855219024noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-5339317216265636215.post-79349879365619409642013-02-02T09:42:08.866+00:002013-02-02T09:42:08.866+00:00Check out today's post Elaine, don't know ...Check out today's post Elaine, don't know though if it will apply to you.Dchttps://www.blogger.com/profile/02490191919855219024noreply@blogger.comtag:blogger.com,1999:blog-5339317216265636215.post-25558704274564072632013-02-02T08:16:59.043+00:002013-02-02T08:16:59.043+00:00I fell short too and my pension is meagre, fortuna...I fell short too and my pension is meagre, fortunately my husband still works - once he stops though my frugal spending will come into its own.elaine https://www.blogger.com/profile/17075935631756457901noreply@blogger.comtag:blogger.com,1999:blog-5339317216265636215.post-76922254182005046732013-02-01T16:36:59.113+00:002013-02-01T16:36:59.113+00:00Yep, that is what I am thinking due to the reasoni...Yep, that is what I am thinking due to the reasoning on my replies to Scarlet and Karen above.Dchttps://www.blogger.com/profile/02490191919855219024noreply@blogger.comtag:blogger.com,1999:blog-5339317216265636215.post-33288498060008478302013-02-01T16:36:09.065+00:002013-02-01T16:36:09.065+00:00From what I can gather, to get any pension at all,...From what I can gather, to get any pension at all, a person needs to have contributed a minimum of 10 years. Luckily for us women, we get at least 12 years or so per child home responsibility protection (old name I know). It seems in some ways that you are better off being self employed as the stamp for that is very cheap compared to the voluntary class 2 one.Dchttps://www.blogger.com/profile/02490191919855219024noreply@blogger.comtag:blogger.com,1999:blog-5339317216265636215.post-45987495535283961992013-02-01T16:34:36.879+00:002013-02-01T16:34:36.879+00:00I am in a similar predicament to you. Yes, I would...I am in a similar predicament to you. Yes, I would be entitled to £93 per week but the full amount would be £144. That is quite a difference. We live on DB's private pension plus his government one (an absolute Godsend when that kicked in as we were getting a little desperate). However, looking ahead, what happens if something happens to DB, would you still get something or be reliant solely on the government one?Dchttps://www.blogger.com/profile/02490191919855219024noreply@blogger.comtag:blogger.com,1999:blog-5339317216265636215.post-25399843070773865912013-02-01T16:21:48.086+00:002013-02-01T16:21:48.086+00:00When I retired at 55 and checked my forecast I had...When I retired at 55 and checked my forecast I had not quite got the amount of years I needed. I paid the shortfall and although I begrudged paying it I must admit my pension at 60 was much more than I'd expected and was worth every penny I'd paid.<br />Patricia xPatriciahttps://www.blogger.com/profile/16116574112768767203noreply@blogger.comtag:blogger.com,1999:blog-5339317216265636215.post-1719645589101469272013-02-01T16:06:33.686+00:002013-02-01T16:06:33.686+00:00I'm certain that I'll only get a basic pen...I'm certain that I'll only get a basic pension. Since K was born nearly 25 years ago I've worked part-time or not at all, and for several of those years didn't earn enough to pay NI contributions. J registered a while ago, but they took the service offline for a while as all the changes to pension age etc were being made. I'll have to dig out his paperwork and check what he'll be entitled to. Whatever we get we'll feel better off than we do now as our income will be at a similar level, but the mortgage will have been paid off. Scarlethttps://www.blogger.com/profile/01729719876504930455noreply@blogger.comtag:blogger.com,1999:blog-5339317216265636215.post-289678577824505232013-02-01T15:54:39.803+00:002013-02-01T15:54:39.803+00:00I too was self employed for 15 years and due to lo...I too was self employed for 15 years and due to low earnings was exempt from contributions, I must have been a little naive too as no one told me it would affect my pension. I was about to pay up a lump sum when the pension age for me was increased to 65 and again to 66, so after great discussions I have decided not to pay any more money and am currently 7 years short. We are managing on hubby's private pension now so will feel quite well off when we both get our state pension, hubby in 3 1/2 years and me a staggering 8 years!! All the more reason to be frugal :-)Karenhttps://www.blogger.com/profile/11228988475838309316noreply@blogger.comtag:blogger.com,1999:blog-5339317216265636215.post-89696784262094483022013-02-01T14:32:17.139+00:002013-02-01T14:32:17.139+00:00Yep, a right royal pain and annoyance, especially ...Yep, a right royal pain and annoyance, especially when you either think you have qualified and haven't (me) or bought some and didn't need to or like your sister, caught in-between.Dchttps://www.blogger.com/profile/02490191919855219024noreply@blogger.comtag:blogger.com,1999:blog-5339317216265636215.post-35866041895310622882013-02-01T14:31:00.174+00:002013-02-01T14:31:00.174+00:00Right royal pain in the ass isn't it. Do you k...Right royal pain in the ass isn't it. Do you know then, the cut off date as I can't fathom it out?Dchttps://www.blogger.com/profile/02490191919855219024noreply@blogger.comtag:blogger.com,1999:blog-5339317216265636215.post-12855329970068111122013-02-01T14:05:46.563+00:002013-02-01T14:05:46.563+00:00I bought a few back years, then they reduced quali...I bought a few back years, then they reduced qualifying number and I found I needn't have bought those years. My sister has been caught in the double whammy of having to work longer (expected to retire at 60 after working for 43 years) before can receive state pension and will not get the new increased pension.<br />Goalposts are flexible to say the least.<br />Carol xxCarolhttps://www.blogger.com/profile/10811673280675153792noreply@blogger.comtag:blogger.com,1999:blog-5339317216265636215.post-16401726517073797432013-02-01T13:53:31.553+00:002013-02-01T13:53:31.553+00:00You have my sympathy! I have discovered this week ...You have my sympathy! I have discovered this week that I JUST (and only just) qualify to need the new 35 years. I had qualified to have a full state pension under the old system and this week I have found out that I no longer qualify. Grrrrr. They did tell me that I can pay the national insurance of £800 and something which they don't know yet (they'll know exact figures in April for next tax year) for future years until I've made up the shortfall. Thanks very much to the government and the pension people. I thought I'd paid enough but suddenly I haven't. It was a bit of a shock to the system, as you can imagine since you are in the same boat.Johttps://www.blogger.com/profile/16855403299773356566noreply@blogger.com