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Re: Voluntary UK pension contribution
Posted: Sat Mar 30, 2024 8:04 am
by banders
Despite what it seems, whether you can pay class 2 or not is
pretty clearly defined.
Despite the bit about ‘Immediately before going abroad, you were ordinarily an employed or self-employed earner in the UK’, I was unemployed for 5 weeks before I came here (and told them) but I could still pay Class 2. That was back in 2005, though. When the weekly pension was £79.60. Next: £221.20 (¥183k pm). Yeah, Triple Lock! Good luck!
Re: Voluntary UK pension contribution
Posted: Sun Mar 31, 2024 1:50 pm
by beanhead
banders wrote: ↑Sat Mar 30, 2024 8:04 am
Despite what it seems, whether you can pay class 2 or not is
pretty clearly defined.
Despite the bit about ‘Immediately before going abroad, you were
ordinarily an employed or self-employed earner in the UK’
I think this definition of
ordinarily employed is a bit vague, isn't it? That is why many people are not sure if they qualify for class 2 or class 3.
I had a summer job before leaving so was working close to full-time hours, but only for a relatively short time. That was enough for the HMRC, thankfully.
Re: Voluntary UK pension contribution
Posted: Mon Apr 01, 2024 10:01 am
by banders
Maybe, but I was offered Class 2 on a plate. I didn't have to fight for it. I guess the OP will know when the time comes.
Re: Voluntary UK pension contribution
Posted: Wed Apr 17, 2024 12:23 pm
by Adamakin86
The thing I’m really struggling with is making the payments. I got a letter telling how much I owe for each year that I have missed and I that I can make payments for those years from the site they list.
Turns out I can’t do that because I don’t live in England. Apparently expats have to add up the payments they want to make, and just make a bank transfer listing their special HMRC reference.
I really don’t like the sound of this. Am I the only person wondering why they don’t have an option to make payments for specific years online?
Re: Voluntary UK pension contribution
Posted: Wed Apr 17, 2024 12:46 pm
by Wales4rugbyWC23
Adamakin86 wrote: ↑Wed Apr 17, 2024 12:23 pm
The thing I’m really struggling with is making the payments. I got a letter telling how much I owe for each year that I have missed and I that I can make payments for those years from the site they list.
Turns out I can’t do that because I don’t live in England. Apparently expats have to add up the payments they want to make, and just make a bank transfer listing their special HMRC reference.
I really don’t like the sound of this. Am I the only person wondering why they don’t have an option to make payments for specific years online?
You can always pay by cheque- I have been doing that for the last twenty years.
Re: Voluntary UK pension contribution
Posted: Tue Apr 23, 2024 6:34 am
by Roger Van Zant
banders wrote: ↑Sat Mar 30, 2024 8:04 am
Despite what it seems, whether you can pay class 2 or not is
pretty clearly defined.
Despite the bit about ‘Immediately before going abroad, you were ordinarily an employed or self-employed earner in the UK’, I was unemployed for 5 weeks before I came here (and told them) but I could still pay Class 2. That was back in 2005, though. When the weekly pension was £79.60. Next: £221.20 (¥183k pm). Yeah, Triple Lock! Good luck!
Of that 183k per month, how much do you reckon to be getting net after taxes?
Re: Voluntary UK pension contribution
Posted: Fri Apr 26, 2024 2:53 am
by banders
Roger Van Zant wrote: ↑Tue Apr 23, 2024 6:34 am
Of that 183k per month, how much do you reckon to be getting net after taxes?
I have no idea when it comes to tax. Maybe someone else can give a ball park?
Re: Voluntary UK pension contribution
Posted: Fri Apr 26, 2024 5:38 am
by RetireJapan
Looks like UK state pension is not taxed in the UK for non-residents.
So Japanese income taxes. I'm guessing it would qualify for the nenkin deduction.