When to take your Japanese pension?

[Roger Van Zant]

Gotta love japanese age discrimination.I understand holding off.But i wonder why they kick you out at 62? Is it a cost cutting thing? You can claim your pension, cut your work down, still earn, but somehow be cost/tax neutral? I have no idea. I can see it as a way to reduce company costs, and bring in a new young college grad.
Yes,I have to agree it is gross irresponsibility if they stick their head in the sand, but I also think some don't know they can pay their N.I back home. especially when the system here is so complicated and convoluted. Back in the day the internet wasn't that great, and I'm not even sure HMRS even had a website. The ones that do know, and can't be bothered, it does lean towards to irresponsible, but i also understand if they are having problems here with poor job security, poor contracts, and maybe just earning enough, it might not be a priority.

It's 100% a cost-cutting thing.

Oh totally. Then it frees up that position for the younger blue eyed blond.Who is probably also going to be on a lower salary, weaker contract, etc etc.
Well, what ever happens good luck.
I'm hopging that when our kids go to college, we will be able to ease up a bit, as they'll be able to take out a student loan, and work a bit.
There has to be a time we need time for ourselves. Sadly one of the problems of a demographic time bomb. In our case, not demographicly, but now "TIME".

Kids in Japan take out student loans for college?! First I've heard of that.

[Moneymatters]

It wouldn't freeze again at the current reset level. It would freeze again at the amount you got when you first started drawing your pension.

What makes you say that? Do you have a source?

Just what was written above by the other poster.
(Page 3, by Bubblegun, on 2024/10/10 at 11:46am)

Hi Roger!

This is the passage for the Torygraph article Bubblegum kindly shared. It seems badly written for a broad sheet. (I appreciate my saying that is like Nora Batty telling you to pull up your stockings!)

"What if I return to the UK and then leave again?
When you return, your state pension will be topped up to the full level for the duration of your time in the UK – but it will freeze again at that rate when you leave.
For example, if you claimed your state pension in January 2020 and left the UK for a country not eligible for increases, it would be frozen at £168.60 a week.
If you returned to live in the UK in 2024, you would start getting the current rate for 2024 to 2025, of £221.20. If you lived in the UK until 2030 and then left, your state pension would be frozen again at the 2030 rate.
If you visited or came to the UK temporarily, you would get £221.20 rate until you left, when it would revert to the rate you were getting when you initially left – £168.60.
"
Note the distinction between visiting temporarily and returning to live in the UK. Albeit for a few years.
So to me it seems to be saying temp stays result in a temp increase whereas relocating results in a resetting(refreezing) of your pension at the latest rate. (The 2030 rate in the example.).
Is this enough to get me to relocate for a few years. No. Maybe if they fixed the potholes..

[Tsumitate Wrestler]

Confusingly Japanese student loans can be called "scholarships", Even in English.

Japan has two types of "scholarships", bursaries and non-interest loans. There are also other government and consumer loans.

https://ja.wikipedia.org/wiki/%E5%A5%A8 ... 6%E9%87%91

[Roger Van Zant]

What makes you say that? Do you have a source?

Just what was written above by the other poster.
(Page 3, by Bubblegun, on 2024/10/10 at 11:46am)

Hi Roger!

This is the passage for the Torygraph article Bubblegum kindly shared. It seems badly written for a broad sheet. (I appreciate my saying that is like Nora Batty telling you to pull up your stockings!)

"What if I return to the UK and then leave again?
When you return, your state pension will be topped up to the full level for the duration of your time in the UK – but it will freeze again at that rate when you leave.
For example, if you claimed your state pension in January 2020 and left the UK for a country not eligible for increases, it would be frozen at £168.60 a week.
If you returned to live in the UK in 2024, you would start getting the current rate for 2024 to 2025, of £221.20. If you lived in the UK until 2030 and then left, your state pension would be frozen again at the 2030 rate.
If you visited or came to the UK temporarily, you would get £221.20 rate until you left, when it would revert to the rate you were getting when you initially left – £168.60.
"
Note the distinction between visiting temporarily and returning to live in the UK. Albeit for a few years.
So to me it seems to be saying temp stays result in a temp increase whereas relocating results in a resetting(refreezing) of your pension at the latest rate. (The 2030 rate in the example.).
Is this enough to get me to relocate for a few years. No. Maybe if they fixed the potholes..

Ah, I see! Thanks for pointing this out.

[Bubblegun]

It's 100% a cost-cutting thing.

Oh totally. Then it frees up that position for the younger blue eyed blond.Who is probably also going to be on a lower salary, weaker contract, etc etc.
Well, what ever happens good luck.
I'm hopging that when our kids go to college, we will be able to ease up a bit, as they'll be able to take out a student loan, and work a bit.
There has to be a time we need time for ourselves. Sadly one of the problems of a demographic time bomb. In our case, not demographicly, but now "TIME".

Kids in Japan take out student loans for college?! First I've heard of that.

Yes, you can borrow a certain amount thats paid monthly, and then you start to repay after you graduate.
Not refering to a scholarship or a bursary.Which do not have to be repaid. I think the interest rates are/were 1% ish. I think we had a thread somewhere about it, cause we thought borrowing at 1% ish, instead of paying the 4 million for uni,and losing the compounding interest/return of 6% ish on that 4 million yen.