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  #41  
Old 28.02.2019, 09:18
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Re: UK Pension - Winter fuel payment

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I think it should be taxable.
I‘m sure it is taxable. I get my UK pension paid in CHF to my Swiss bank and add it to my Swiss tax declaration. Thus as part of the pension remuneration it should be taxed - unless you don‘t declare it. But that applies to most things...
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  #42  
Old 28.02.2019, 13:54
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Re: UK Pension - Winter fuel payment

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I‘m sure it is taxable. I get my UK pension paid in CHF to my Swiss bank and add it to my Swiss tax declaration. Thus as part of the pension remuneration it should be taxed - unless you don‘t declare it. But that applies to most things...
It's not taxable in the UK, I checked yesterday on HMRC's site, it's specifically excluded from taxation along with the Christmas bonus. more info in the link https://www.gov.uk/income-tax/taxfre...state-benefits

Don't you get a year end P60 for your UK pension?

I am surprised you have elected to have the UK pension taxable in CH?, the default would be taxable in the UK with a full personal allowance of £11,500.
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  #43  
Old 28.02.2019, 14:30
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Re: UK Pension - Winter fuel payment

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I think it should be taxable.
But it's not. That would defeat its purpose somewhat.

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A question on pension for those that know, is it worth paying the missing years?

Thanks to the 2 links on this thread I know that I have 21 years conrtibuted, missing 14 years and have 16 years left.

Is it worth paying in for the missing 14 years and the next 16 years, assuming that I stay in CH? The predicted pension (starting 2034) is pretty dismal
I believe you can only contribute 35 years anyway. I'd pay back the 5 years if you can but I know class 2 has been abolished. And then you'd only need a further 9.

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It's a huge investment return on the money paid, I believe it's still possible to pay Class 2, if you can you should pay 5 back years now before that loophole gets closed. Class 3 is still good value.
There you go. Well worth it at (was) less than 3 quid a week.


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I‘m sure it is taxable. I get my UK pension paid in CHF to my Swiss bank and add it to my Swiss tax declaration. Thus as part of the pension remuneration it should be taxed - unless you don‘t declare it. But that applies to most things...
No taxed. Defo.
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  #44  
Old 28.02.2019, 14:35
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Re: UK Pension - Winter fuel payment

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I know class 2 has been abolished
Not yet! That's been postponed till at least April this year, maybe later.
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  #45  
Old 28.02.2019, 14:37
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Re: UK Pension - Winter fuel payment

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Not yet! That's been postponed till at least April this year, maybe later.
Then get in quick, it's a pretty good deal. Pay the 5 back dated while also paying now and your "gaps" will shrink beautifully.
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  #46  
Old 28.02.2019, 14:57
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Re: UK Pension - Winter fuel payment

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But it's not. That would defeat its purpose somewhat.
Not at all, as the £11,500 personal allowance exceeds the OAP by a huge margin, only pensioners with a higher income would actually pay any tax if it was taxable, it's richer people who benefit from the tax free status. Amazed you think differently.
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  #47  
Old 28.02.2019, 15:12
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Re: UK Pension - Winter fuel payment

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It's a huge investment return on the money paid, I believe it's still possible to pay Class 2, if you can you should pay 5 back years now before that loophole gets closed. Class 3 is still good value.
I invest in it, but I have doubts that I will receive it. By the time I retire, it wouldn't surprise me if the pension was means-tested and I receive nothing. However, as cost is cheap, I'm happy to put money in as an insurance policy so that if I lose everything else, I will have the state pension to fall back on (assuming it isn't bankrupt or inflated into worthlessness).
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  #48  
Old 28.02.2019, 15:16
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Re: UK Pension - Winter fuel payment

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I invest in it, but I have doubts that I will receive it. By the time I retire, it wouldn't surprise me if the pension was means-tested and I receive nothing. However, as cost is cheap, I'm happy to put money in as an insurance policy so that if I lose everything else, I will have the state pension to fall back on (assuming it isn't bankrupt or inflated into worthlessness).
Outside the EU there is a far higher chance of collecting, than if the UK remained
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Old 28.02.2019, 15:31
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Re: UK Pension - Winter fuel payment

Sorry am I missing anything ?
Why should we still be getting a winter fuel payment when we don't live in the UK ?
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  #50  
Old 28.02.2019, 15:33
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Re: UK Pension - Winter fuel payment

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Sorry am I missing anything ?
Why should we still be getting a winter fuel payment when we don't live in the UK ?
Because all UK pensioners are entitle to claim it, along with their OAP.
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  #51  
Old 28.02.2019, 15:35
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Re: UK Pension - Winter fuel payment

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Because all UK pensioners are entitle to claim it, along with their OAP.
Only the ones who live in ‘cold’ countries.
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  #52  
Old 28.02.2019, 15:58
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Re: UK Pension - Winter fuel payment

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Not at all, as the £11,500 personal allowance exceeds the OAP by a huge margin, only pensioners with a higher income would actually pay any tax if it was taxable, it's richer people who benefit from the tax free status. Amazed you think differently.
Which is why I said I think it should be means tested. So I think we agree in principle if not method.
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  #53  
Old 28.02.2019, 16:04
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Re: UK Pension - Winter fuel payment

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Which is why I said I think it should be means tested. So I think we agree in principle if not method.
I believe ALL benefits should be taxable, then everybody is on an equal footing. There can't ever be an argument for a benefit to be tax free in a country where the tax allowance is so large. Iy makes the concept of working pointless for many people of working age.
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  #54  
Old 28.02.2019, 16:12
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Re: UK Pension - Winter fuel payment

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I believe ALL benefits should be taxable, then everybody is on an equal footing. There can't ever be an argument for a benefit to be tax free in a country where the tax allowance is so large. Iy makes the concept of working pointless for many people of working age.
Large? Try living on 12k a year with kids. On this we will never see eye-to-eye I reckon because I don't think you've really got a good "real" grasp of what you're implying. It's the same reasoning that makes "universal credit" and a 6 week wait such nightmare.
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  #55  
Old 28.02.2019, 16:27
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Re: UK Pension - Winter fuel payment

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Large? Try living on 12k a year with kids. On this we will never see eye-to-eye I reckon because I don't think you've really got a good "real" grasp of what you're implying. It's the same reasoning that makes "universal credit" and a 6 week wait such nightmare.
Perhaps you should not have multiple children with £12k income? Some personal responsibility would not go a miss. You pay tax in CH on a far lower income.

It's the point EVERYBODY has to start contributing to society, the rate has gone up far outstripping inflation since 1979 when Mrs Thatcher started cutting taxes for everyone. Person allowance under labour was £775 IIRC & base rate was 33%.
50% of UK families receive 50% of their income from benefits, it's absurd & not sustainable.
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  #56  
Old 28.02.2019, 20:09
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Re: UK Pension - Winter fuel payment

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Perhaps you should not have multiple children with £12k income? Some personal responsibility would not go a miss. You pay tax in CH on a far lower income.

It's the point EVERYBODY has to start contributing to society, the rate has gone up far outstripping inflation since 1979 when Mrs Thatcher started cutting taxes for everyone. Person allowance under labour was £775 IIRC & base rate was 33%.
50% of UK families receive 50% of their income from benefits, it's absurd & not sustainable.
Sigh. If you don't get it, you don't get it. I'm too tired of this merry-go-round to explain again the reality of huge amounts of people to a privileged minority male such as yourself. Also, 40 years ago, this was all fields...

I take it that's a general not a specific you? Again, I'm choosing to believe you're merely trying to be provocative. The alternative is very sad.
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Old 28.02.2019, 20:17
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Re: UK Pension - Winter fuel payment

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Sigh. If you don't get it, you don't get it. I'm too tired of this merry-go-round to explain again the reality of huge amounts of people to a privileged minority male such as yourself. Also, 40 years ago, this was all fields...

I take it that's a general not a specific you? Again, I'm choosing to believe you're merely trying to be provocative. The alternative is very sad.
10% of the working population have never done a days paid work in their life, thats a frightening statistic. What does sex have to do with it? Equal opportunities became law in the mid 70's in the UK. Being dyslexic is indeed a privilege & shows leaving school at 16 is not a hindrance to success in life. I have never worked for a big company as I have no qualifications other than 'O' levels. People choose to make a success of their life, we all have a choice.
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Old 28.02.2019, 20:46
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Re: UK Pension - Winter fuel payment

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Which is why I said I think it should be means tested. So I think we agree in principle if not method.
Problem with means testing is how do you define what are "sufficient" means?

What is your aim of a means test? To ensure people do not receive benefits which are not "necessary" for them?

Do you have the same definition for UK pensioners living in say, UK, Romania or Switzerland?
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Old 28.02.2019, 21:25
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Re: UK Pension - Winter fuel payment

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10% of the working population have never done a days paid work in their life, thats a frightening statistic. What does sex have to do with it? Equal opportunities became law in the mid 70's in the UK. Being dyslexic is indeed a privilege & shows leaving school at 16 is not a hindrance to success in life. I have never worked for a big company as I have no qualifications other than 'O' levels. People choose to make a success of their life, we all have a choice.
Notion of privilege. Same as in another thread.

Why do you keep bringing up your education? Irrelevent to thus discussion.
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Old 28.02.2019, 21:30
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Re: UK Pension - Winter fuel payment

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Notion of privilege. Same as in another thread.

Why do you keep bringing up your education? Irrelevent to thus discussion.
Because you got personal & wrote "I'm too tired of this merry-go-round to explain again the reality of huge amounts of people to a privileged minority male such as yourself." I don't think you have any justification for your claim, you are just jealous of someone who has done reasonably well.

You wonder why I don't kowtow to the authority of school teachers.
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