This case study is illustrative only and is not an estimate of the income you may receive or the cost you will incur. It is based upon the information set out below. Your results will depend upon your specific circumstances.
Meet Bill and Anne, originally from Newcastle in the UK, who emigrated to Australia over 40 years ago.
Bill, now 67, had only 8 years of National Insurance contributions and believed he couldn’t qualify for a UK State Pension, knowing he needed at least 10 years of contributions for a partial pension. Anne, also 67, had 7 years of contributions and would also not receive any pension unless she made additional contributions.
After a consultation with UKStatePension.com.au, Bill and Anne discovered that they had significant opportunities to increase their retirement income through voluntary contributions.
Bill and Anne's results
- Bill's pension increased from zero entitlement to £9,038 per year.
- Anne's pension increased from zero entitlement to £8,873 per year.
- Giving them additional combined income of £17,911 per year.
- Assuming they live for another 20 years, this would result in an additional £358,236 income.
- As they have both reached pension age, this income has already started.
- The total they paid HMRC was £2,966 each.
"Just 6 months ago, we had no idea we could be eligible for a UK State Pension. The assistance we received was invaluable, and the boost to our retirement income is incredible."
Bill, British expat in Australia
We can help you too!
Want results like Bill and Anne? Contact UKStatePension.com.
