My wife will be 60 in January 2010 and will have 20 National Insurance
contributions
She will intially receive 20/39 of a full basic pension
Will this become 20/30 in April 2010?
On 11 Jun 2006 08:24:35 -0700, wrote:
>My wife will be 60 in January 2010 and will have 20 National Insurance
>contributions
>
>She will intially receive 20/39 of a full basic pension
>
>Will this become 20/30 in April 2010?
The comments that I have seen, on the Motley Fool's Pensions
Motivation and Policy discussion board, suggest that there will not be
step change, but a gradual transition. However nothing is yet law and
nothing is set in concrete, so keep reading about any changes until
the Act is passed.
--
Terry Harper
URL:
"Terry Harper" <> wrote in message
news:
> On 11 Jun 2006 08:24:35 -0700, wrote:
>
> >My wife will be 60 in January 2010 and will have 20 National Insurance
> >contributions
> >
> >She will intially receive 20/39 of a full basic pension
> >
> >Will this become 20/30 in April 2010?
>
> The comments that I have seen, on the Motley Fool's Pensions
> Motivation and Policy discussion board, suggest that there will not be
> step change, but a gradual transition. However nothing is yet law and
> nothing is set in concrete, so keep reading about any changes until
> the Act is passed.
IIRC the white paper has it as an immediate change for anyone retiring after April
2010.
It's here if you want to read it:
--
Andy
<> wrote in message
news:
> My wife will be 60 in January 2010 and will have 20 National Insurance
> contributions
>
> She will intially receive 20/39 of a full basic pension
>
> Will this become 20/30 in April 2010?
Probably. But she may be able to get a higher pension based on your contributions.
--
Andy
"Andy Pandy" <> wrote in message
news:
>
> <> wrote in message
> news:
> > My wife will be 60 in January 2010 and will have 20 National Insurance
> > contributions
> >
> > She will intially receive 20/39 of a full basic pension
> >
> > Will this become 20/30 in April 2010?
>
> Probably. But she may be able to get a higher pension based on your contributions.
Sorry, what I meant was that (AIUI) only people who retire after April 2010 will need
only 30 years. So she'll probably be stuck with 20/39, unless she can get more based
on your contributions. But the white paper is subject to change, it's not law yet.
--
Andy
In an earlier contribution to this discussion,
Andy Pandy <> wrote:
> "Andy Pandy" <> wrote in message
> news:
>>
>> <> wrote in message
>> news:
>>> My wife will be 60 in January 2010 and will have 20 National
>>> Insurance contributions
>>>
>>> She will intially receive 20/39 of a full basic pension
>>>
>>> Will this become 20/30 in April 2010?
>>
>> Probably. But she may be able to get a higher pension based on your
>> contributions.
>
> Sorry, what I meant was that (AIUI) only people who retire after
> April 2010 will need only 30 years. So she'll probably be stuck with
> 20/39, unless she can get more based on your contributions. But the
> white paper is subject to change, it's not law yet.
What would happen were she to delay starting to draw the pension by a little
while? She'd get a slightly enhanced pension anyway by doing this, but would
the 20/30 rule also apply?
--
Cheers,
Roger
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"Roger Mills" <> wrote in message
news:
> > Sorry, what I meant was that (AIUI) only people who retire after
> > April 2010 will need only 30 years. So she'll probably be stuck with
> > 20/39, unless she can get more based on your contributions. But the
> > white paper is subject to change, it's not law yet.
>
> What would happen were she to delay starting to draw the pension by a little
> while? She'd get a slightly enhanced pension anyway by doing this, but would
> the 20/30 rule also apply?
It looks like it's the reaching of state pension age, not the point when you start to
draw it.
That's my interpretation anyway - see section 3.77 of the white paper (link posted
earlier).
--
Andy
On Sun, 11 Jun 2006 19:49:06 +0100, "Andy Pandy"
<> wrote:
>IIRC the white paper has it as an immediate change for anyone retiring after April
>2010.
>
>It's here if you want to read it:
>
>
But that is clearly unworkable. That's why a gradual change is more
likely.
--
Terry Harper
URL: