Actually, adamu is right here. Please stay on topic.Swimmer wrote: ↑Thu Dec 19, 2024 7:06 amDon't do this. If you don't like a comment report it to the moderator.adamu wrote: ↑Thu Dec 19, 2024 6:10 amLet's keep the discussion focussed on practical matters.
RetireJapan wrote: ↑Mon Dec 07, 2020 10:05 am This is not a place for mockery, for moaning, for shitposting. There are other forums for that. This one is different.
New risk for UK state pension?
-
RetireJapan
- Site Admin
- Posts: 4940
- Joined: Wed Aug 02, 2017 6:57 am
- Location: Sendai
- Contact:
Re: New risk for UK state pension?
English teacher and writer. RetireJapan founder. Avid reader.
eMaxis Slim Shady
eMaxis Slim Shady
Re: New risk for UK state pension?
I'll be the first to ask... how the hell could that be possible ?Moneymatters wrote: ↑Thu Dec 19, 2024 3:08 am
(For what it’s worth, I’m more annoying in person. Way more..)
(tongue firmly in cheek in case it is not obvious)
Aiming to retire at 60 and live for a while longer. 95% index funds (eMaxis Slim etc), 5% Japanese dividend stocks.
-
IloveJapan
- Veteran
- Posts: 111
- Joined: Sun Jan 07, 2018 2:03 pm
Re: New risk for UK state pension?
I think a lot of countries may take into account your income from other sources when determining how much state pension to pay you.
One example is Australia’s Age Pension, which is means tested against income and assets before you can receive it. Some frozen pensioners from the UK benefit from this. I don’t know if frozen pensioners in other countries get help too, I’m a bit curious.
Japan wanted a totalization agreement with the UK, but the UK was not cooperative. Reason unknown, but VERY likely because it was unwilling to give annual increases for inflation to those living inJapan, which is what a full totalization agreement would have obliged the UK to do.
On the other hand, I certainly CAN imagine at least one country, either the UK or Japan, taking into account the amount of state pension you receive in either country in the future. With the exchange of information, that would be logical.
Remember too, that the UK government classifies the state pension as a benefit, NOT a pension. And benefits are much easier to lower or cut! Take me seriously here - one prime reason the UK government won the case against the frozen pensioners in the European Court a few years back is that they argued it was only a benefit!
One example is Australia’s Age Pension, which is means tested against income and assets before you can receive it. Some frozen pensioners from the UK benefit from this. I don’t know if frozen pensioners in other countries get help too, I’m a bit curious.
Japan wanted a totalization agreement with the UK, but the UK was not cooperative. Reason unknown, but VERY likely because it was unwilling to give annual increases for inflation to those living inJapan, which is what a full totalization agreement would have obliged the UK to do.
On the other hand, I certainly CAN imagine at least one country, either the UK or Japan, taking into account the amount of state pension you receive in either country in the future. With the exchange of information, that would be logical.
Remember too, that the UK government classifies the state pension as a benefit, NOT a pension. And benefits are much easier to lower or cut! Take me seriously here - one prime reason the UK government won the case against the frozen pensioners in the European Court a few years back is that they argued it was only a benefit!