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Paid 10 Years UK Pension

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20 hours ago, DavisH said:

Lucky if you are from the UK; you can make contributions and later get your pension. Not so lucky if you are Australian though..there is no system like that for us.

I'm in Oz for a holiday, just told my sister who is a Oz/UK citizen now. She can't get it as she hasn't paid 10 years. 

Can't Australians make voluntary contributions when abroad?

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  • The title 'double my UK pension' and getting money in pounds is a bit of a clue!!

  • crazykopite
    crazykopite

    Will there be a pension in 10 years by then you wo t be able to claim it until you turn 70 years of age !

  • Suggest UK people read up on paying extra NICs if they are not aware of this. Depends also on whether your contribution would contribute to the new flat rate pension or the old system as to whether it

  • Author
22 hours ago, LongTimeLurker said:

 

I thought Class 2 was only for self employed, not if you are working abroad.

 

I have always had to pay Class 3 but haven't paid for maybe 4 years now.

 

I also thought you could only back pay 5 years?

Get in touch, I saved a lot by only paying class 2. It would have been about 300,000 baht a few years ago, rather than 65,000 baht.

11 minutes ago, Neeranam said:

Get in touch, I saved a lot by only paying class 2. It would have been about 300,000 baht a few years ago, rather than 65,000 baht.

I'm already registered with them as a Class 3 payer

32 minutes ago, LongTimeLurker said:

I'm already registered with them as a Class 3 payer

Is it possible to change Class on voluntary contributions?

4 hours ago, Neeranam said:

I'm in Oz for a holiday, just told my sister who is a Oz/UK citizen now. She can't get it as she hasn't paid 10 years. 

Can't Australians make voluntary contributions when abroad?

It seems the OZ pension is based on residency only. I could go home and live on the dole for 20 years and then get my pension. Of course I'd rather work (and I'd have to go NOW and work until retirement), but considering I'd lose 35+% in tax and the high cost of living, I may as well stay here and save/invest money for my retirement. 

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