Pension fun or... not.

So I'm in a rather odd position, that when I retire at the end of the yeat, I won't have any pension. There's just not enough in the pot for me to take an early retirement with pension option at 62. So the pension needs to wait till I hit the official retirement age of 67.25 here in NL, 67 in UK.

Yes thats right I get both, a Dutch and a UK pension, basically half a standard pension for each, which is pretty good, aside from the fact I was unaware that I could continue to pay my UK NI while I was living here.

But thankfully it is possible, I have maintained my self employment while living in Netherlands doing occasional freelance gigs,  which allowed me to qualify for class 2 self employment payments to HMRC and qualify for more pension as long as I made up the shortfall of the class 2 payments that I never sent since I was living in NL.

So I've been sending money to HMRC so make up shortfalls in the years where I could have, but didn't pay those class 2. 

The problem is, they never confirm they have them, they dont let you know its been allocated to a particular year and trying to get hold of them is.... complex. Phone calls go on hold for over 30mins, where your Dutch phone provider starts to panic and cuts you off. Letters take a year... A YEAR to be replied to. And get this, emails, get replied to over a month later, telling you to contact a different dept with an email,  who then refer you back another month later to the dept that you 1st mailed.. thats not cool HMRC, not cool at all. 

So answers to, did you get my payment, are not easy.

But finally yesteday, I checked the Gov.uk website and 2 of the 5 years I paid so far are now listed as paid, and indeed my forcasted pension has gone up a little as a result. phew... it is happening. Slowly, but it is happening, I don't need to panic.. though I was worried due to there being a cut off date this April to get some of those payments in. Seeing that they have applied them I've made the last payment due before the cut off, and will pay the rest over the course of the coming 5 years.

Which despite all the hassle is really good news, I'll get a full, or close to full pension from the UK, 17 years of Dutch pension for my time here, which actually is very small as Dutch state pension is very small, but 17years of company pension.. 

It's a bit of a mix and match and frankly far below what a lifetime payer into the Dutch system would get, which would make retirement here hard,  but its more than enough for us to live on in Thailand. 

There will be 5 years when we move though where we have no income, and I'm not allowed to work over there, but the house costs there are very low and once we buy a house with 40% of our house profits here, we can live for 5 years on the remainder of that and some other savings we have. As long as we don't go mad.

298 days to go.. can't wait.

  

Ahthankyew