How to collect your British pension from being overseas but before we get into this weighty
subject - We are Tina and Norm and we talk all things retirement and if you haven't been to
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- So what happens on my next birthday Tina - Ooh Norm I think you are gonna become an old age pensioner in
England - So I'm officially an old fogey do you think I was gonna say do you think I might get
a free bus pass - Oh yeah you might - I could go to Tesco on the bus - And get all the discounts
- But seriously I'm going to be 66 this next birthday and
that qualifies me for a British pension because I worked in the UK for 19 years after the age of 18.
- Wow that's amazing isn't it - So like this retirement just keeps getting better doesn't it so
yeah we're like a magnet for money so old Boris is going to send me a monthly check
- Isn't it great Norm - It's wonderful Tina - But you know what I wonder a lot of people might not realize
that living overseas they can actually get a pension - That's right and there's lots of people
that we know who are from England who are getting their pension but there's one kicker to that Tina
once they start paying your pension being Canadian expats or expats living in Canada I should say
they won't increase the pension for us so while there's a yearly increase for old age pension
they never pay it to the Canadian residents - Which is a shame isn't it - It really is and and
obviously this has been going on for years but the UK government are playing
fast and loose by accusing the Canadian government of it doing something it really isn't so how many
permanent UK expats are there in the world - There's a lot Norm there's actually 5.5 million (wow)
amazing and in fact the numbers are hugely in 5 countries - They are - Starting off with
Australia they have 1.26 million - The USA has 716,000 -And then Canada yay number 3,
531,000 - Spain with their sunny Costa del Sol 302,000 - And then one that really surprises me
although it shouldn't really is Ireland because I actually have a cousin that lives there - Yes you do
- And they come in at 295,000 that's a lot isn't it - It is and all these people living abroad providing
you worked for 10 years in England after the age of 18 you will qualify for a British pension
which is quite remarkable - That's great so we're in the process of doing this we have
been on haven't we Norm to the UK pension site and you will get a there's a pdf form
which you can download and you fill it all in and there's quite a few things that we need to get
isn't the Norm - So the site that you would go to to start your pension quest let's say that way is
gov dot UK forward slash get hyphen state hyphen pension we'll put a link to that in our
description so we have to mail in notarized copies of our birth certificate our marriage certificate
and if we have the original National Insurance card we need to send the original
but that's not necessary if you don't have it we're going to try and look for mine because
we have it somewhere - Norm thinks we have it - But if we don't we don't necessarily need that so
it's all an application by mail and we were allowed to apply for my pension because we're
within what 2 or 3 - 4 months yeah you can't apply until you have to be within 4 months
of when you're going to get it - Yeah and then the other thing that we have to send in is either
a void check or if you have a paying in slip which we don't have anymore
you put that and then now deposit it into your bank in Canada or Australia or wherever you're
living - Which really is great isn't it I guess they just want that for extra help on the numbers that
you've filled in with the bank - It is so Tina show me the money how much am I likely to get
- Well Norm if you were entitled to a full pension you would be getting £179.60 and that's a week
(yes), which turns out to be getting it's over £9,000 a year - Can you not read that - Well
£9,339 pounds a year poor old Tina - But there is a simple formula so Norm can tell you what the formula is
to work it out - I'm not going to get a full British pension because I've spent half my working
life in Canada and half my working life in the UK so you take the £179.60 pence and divide it by 35
and then you multiply the answer by the amount of years you paid into it
so in my instance it will be £179.60 divide by 35 times 19 (yeah) and so that's
what I'm gonna get so basically (yay) I get half a Canadian CPP and OAS and I'll get half a
UK old age pension I'll be an official old fogey - In the UK I think it's great it's wonderful
- So thanks to Boris and her Majesty really appreciate that and that's how you would get
a British pension from being overseas so thanks for watching - Yes we hope you've enjoyed and
- Hope you're keeping well - And staying safe - And until the next time bye bye, - bye bye