RetireJapan

What would happen if the UK and Japan updated their pension treaty to create a totalisation agreement?

I guess worst case scenario you would only get one of the pensions?

https://www.nenkin.go.jp/international/agreement/mechanisms/mechanism02/provisions01.html wrote:The each country will respectively calculate your benefits which are corresponding to your coverage period under each country's system, and will pay you respectively. Please note it is not that the benefit amounts corresponding to your all totalized coverage period will be paid by one of the two countries.

Under the totalization rules, when you meet the eligibility requirement for benefits based on totalized coverage period of both Japan and the other agreement country, your benefit amount of the agreement country will be calculated in proportion to your coverage period under the system of the agreement country, and paid to you.

RetireJapan wrote: ↑Tue Oct 08, 2024 12:20 am What would happen if the UK and Japan updated their pension treaty to create a totalisation agreement?

I guess worst case scenario you would only get one of the pensions?

Have there been any reports in the media about this?

Wales4rugbyWC23 wrote: ↑Tue Oct 08, 2024 11:23 am

RetireJapan wrote: ↑Tue Oct 08, 2024 12:20 am What would happen if the UK and Japan updated their pension treaty to create a totalisation agreement?

I guess worst case scenario you would only get one of the pensions?

Have there been any reports in the media about this?

No, it's just something I thought of recently: possible but perhaps not likely. I guess it is another form of political risk?

RetireJapan wrote: ↑Tue Oct 08, 2024 11:32 pm

Wales4rugbyWC23 wrote: ↑Tue Oct 08, 2024 11:23 am

RetireJapan wrote: ↑Tue Oct 08, 2024 12:20 am What would happen if the UK and Japan updated their pension treaty to create a totalisation agreement?

I guess worst case scenario you would only get one of the pensions?

Have there been any reports in the media about this?

No, it's just something I thought of recently: possible but perhaps not likely. I guess it is another form of political risk?

https://www.theguardian.com/world/2024/ ... pped%20out.

I think this could prove more of a threat to the future value of the British state pension. The UK seems to have crossed a Rubicon with deaths now exceeding births. Although I think it could be a one off, it did happen in 1976. I think the state of the economy has a large role to play in this demographic change, as we have seen in Japan.