A grand way of improving your state pension is, if you can, is to carry on working beyond your pension qualifying age. I did another five years and it's made a credible improvement on my pension.
A slightly different issue I just realized in my Account. I am theoretically 1 year short in getting the full state pension since I am a foreigner who came to the UK 10 years ago and I am 43 years old. The issue is my date of birth which falls in February 1980. In theory I will be 68 before completing the Financial Year in 2047/48. Should I top up this 1 year or else? Theoretically I will be getting the full state pension only 2 months after my 68th birthday in 2048 (February vs April). Am I correct in thinking that? Thanks
Please can you cover the latest Tory care home plans. Myth 1: if you've savings less than a certain sum, social services will pay for your care even if you own a home. Fact. They give you an equity release loan which charges interest & must be repayed with the sale of your house on death. Their loan is £200 a month short of the cost of any care home. Myth 2. Care home costs will be capped at £85,000. Fact. This is just the care cost, not the cost of accommodation, food & electricity.
Here's a thought, if people are too dependent on spending and many can't even make a saving account themselves for the future, what good it be for asking the government to pay for you, when that money is from taxpayer? This is just a no brainer why uk is poor.
I get a full pension because I've worked all my life. However people who can claim pension credits (even if they haven't worked at all) can get free council tax which I cannot. All in all they are better off than me and I have to work part time otherwise I wouldn't have enough to live on. Bloody disgrace!
Same with me and my hubby!! No rewards for working your whole life and paying your dues!! My husband has never been out of work or been off sick so no benefits claimed ever !!!
Makes you sometimes wonder who ML works for, I've worked all my life and receive a full state pension, my mate Sid worked overseas for many years, so his credits were low, he receives a benefit top up, that top up takes his state pension to around £7 more than I receive plus he gets free eye and dental treatments I have to pay for those, my advice for what its worth to anyone who is short on credits is do not follow ML advice and claim the top-up benefit you'll be far, far better off.
Just tell the truth. You need to eat less, stay in bed and switch off heating, watch less TV, forget about the odd day out, no glass of beer or nip of whiskey, try to avoid hospital as you will die in a corridor. If you can do this then you will be fine and living the good life.
We had a 10.1% pension rise recently and that made my tax code change from 4000L to 10L, so any gains I would have had from my state pension is now paid back in tax . My private pension is only £4500 a year, so just a top up fund. This was a private pension that I have paid into for 30 years with my own money that I had earned after paying tax , absolutely disgusting
