#12



@xylophone



just did... so, if I undersstood correctly, I am entitled to the New State Pension and I don't need to do anything NOW, just claim it once I will reach the pension age? Is that correct?

If so, that would be amazing! But I still need another pension, as I guess the New State Pension alone won't be enough.



Also, how come you are suggesting "Cavendish Online FundSupermarket Pension"? Are you using it?

What's the advantage of join it, rather than using someone else?
Originally posted by TheLittleSaver




There are different types of "taxes". To get a state pension you have to pay Nics. national insurance as opposed to income tax.



Have you always been SE? Or have you ever worked for a company? Are you paying SE Nics right now?



You will need a min of 10 years contributions to claim any SP.

#13
Hi @atush



yes, I have always been SE, although sometimes companies paid me as PAYEE (this has been happening for the first couple of years, then I sorted it out and started getting paid only as SE).

Anyway I have got an accountant who does my tax return every year, I remember asking her some clarifications about pensions and she said that it wasn't here "field" (which seems quite odd, in my opinion, what do you think?).



Yeah I know I need at least 10 years, but it would be nice if I could see at which point I am now, so I can see if I am actually contributing to the SP or not (rather than just waiting 10 to 35 years and have a bad surprise...)



I am sure there must be a link in the gov.uk where I should be able to check my personal situation, pension wise?

#14



Hi @atush



yes, I have always been SE, although sometimes companies paid me as PAYEE (this has been happening for the first couple of years, then I sorted it out and started getting paid only as SE).

Anyway I have got an accountant who does my tax return every year, I remember asking her some clarifications about pensions and she said that it wasn't here "field" (which seems quite odd, in my opinion, what do you think?).



Yeah I know I need at least 10 years, but it would be nice if I could see at which point I am now, so I can see if I am actually contributing to the SP or not (rather than just waiting 10 to 35 years and have a bad surprise...)



I am sure there must be a link in the gov.uk where I should be able to check my personal situation, pension wise?
Originally posted by TheLittleSaver


It depends on what information you were asking her for. Accountants are not allowed to give financial advice, as far as I know.

#17
And he should really know (as should his accountant) if they are currently paying SE Nics.



Accountants SHOULD be au fait with the requirements of paying Nics, but they are not supposed to advise on personal pensions/sipps. So when you say 'Pensions' they can mean 2 different things, and your accountant I assume thought you meant personal pensions not state pension.

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