Paying into a UK pension from Taiwan

[BiggusDickus]

@riggers

175 a week if you have paid in the full amount. 10 years of payments won’t get you 175. I think as well if you claim from abroad it won’t ever increase from this amount even when there is an increase in the UK.

A rule of thumb is 20 pounds a month per year paid in.

[ShutUpLegs]

Yes I’m talking about the full pension which requires paying in over the full term. Very good when you consider the risk.

[cake]

You can pay self employed rates when abroad, even when you’ve never been self employed in the UK?

You can also backdate up to about 7 years I think it is.

[Taiwan_for_Life]

But can you claim the pension if overseas…

[BiggusDickus]

@Taiwan_for_Life

But can you claim the pension if overseas…

Yes, but it doesn’t increase with inflation.

[bluejasn]

@meishijia

I believe its around £130 per week, but don’t quote me. Obviously you get more out than you put in if you only pay it for ten years, but you have to consider what else you could do with that money, as well as the risk that the whole pension system might end, or the criteria might change making you ineligible.

Right, I guess its a decent place to put a small fraction of whats needed to retire along with investments, savings etc