I had to make 37 years of contributions before I was entitled to a full UK pension. But there appears to actually be a reason...
https://uk.finance.yahoo.com/news/why-c ... 00438.html
Full UK State pension contributions not 35 years? Explanation.
-
- Veteran
- Posts: 355
- Joined: Wed Feb 02, 2022 2:56 am
Re: Full UK State pension contributions not 35 years? Explanation.
Thanks banders, that explains it. I too had to contribute 37 years but was never quite sure why. Now we know
- Roger Van Zant
- Veteran
- Posts: 627
- Joined: Tue Sep 01, 2020 7:33 am
- Location: Kyushu
Re: Full UK State pension contributions not 35 years? Explanation.
Thanks for sharing.
I think I am on track for 34/37 years in this case.
Might back pay three years so I can get the full 37 years.
In unrelated news, I see the Japanese government are probably going to increase the Japanese full pension term to 45 years from the current 40.
I think I am on track for 34/37 years in this case.
Might back pay three years so I can get the full 37 years.
In unrelated news, I see the Japanese government are probably going to increase the Japanese full pension term to 45 years from the current 40.
Investments:
Company DB scheme ✓
iDeCo (Monex) eMaxis Slim All Country ✓
新NISA (SBI) eMaxis Slim All Country ✓
Japanese pension (kosei nenkin) ✓
UK pension (Class 2 payer) ✓
Company DB scheme ✓
iDeCo (Monex) eMaxis Slim All Country ✓
新NISA (SBI) eMaxis Slim All Country ✓
Japanese pension (kosei nenkin) ✓
UK pension (Class 2 payer) ✓
- RetireJapan
- Site Admin
- Posts: 4728
- Joined: Wed Aug 02, 2017 6:57 am
- Location: Sendai
- Contact:
Re: Full UK State pension contributions not 35 years? Explanation.
That is in order to increase the amount people can get, however. It is not 45 years for the same pension, but rather an extra five years of payments for an extra 12.5%Roger Van Zant wrote: ↑Fri Dec 08, 2023 1:29 am In unrelated news, I see the Japanese government are probably going to increase the Japanese full pension term to 45 years from the current 40.
English teacher and writer. RetireJapan founder. Avid reader.
eMaxis Slim Shady
eMaxis Slim Shady