Pension Application

Bookmarks
    NWINDOWS/*0000PensionClaim/ (also some duplicates in *000Pension):
        Details of first payments in 2013
        Triodos bank details
        Bkmarks to files and websites below

Files:
~/Documents/br1.pdf             Pension Application from 07.04.2025
    Also a paper copy in plastic folders
F's assessment of deferring  a pension            https://sage.wingpath.co.uk/doc/fog/Personal/Finance/StatePension/DeferredPension.html 

Scans
    Contains the award notice and first payments in 2013. Also an earlier pension forecast in 2005.
        home/monica/Scans/Pensions/

Gov:
Contains the address where to send claim form:  Freepost DWP Pensions Service     https://www.gov.uk/government/publications/the-basic-state-pension     
State pension Notes Booklet (to help with claim form):
    https://assets.publishing.service.gov.uk/media/67dbf0d2db5bf0deba4b4f77/br1-notes.pdf#page=10.31
Life expectancy calculator
    https://www.ons.gov.uk/peoplepopulationandcommunity/healthandsocialcare/healthandlifeexpectancies/articles/lifeexpectancycalculator/2019-06-07
Check state pension forecast (when alerady defe
    https://www.gov.uk/check-state-pension?step-by-step-nav=c0ff9296-e91e-40d1-97bd-008026e90426
Delay/ deferring your pension
    https://www.gov.uk/deferring-state-pension/what-you-get
When reached state pension age
    https://www.gov.uk/state-pension-age/y/age/1952-01-02/female
If retire abroad
    https://www.gov.uk/state-pension-if-you-retire-abroad/rates-of-state-pensio========

Original folders on pension when claimed in 2013:
/home/monica/Xmirror/home/monica/private/Personal/PensionClaim
    Contains notes on my entries for the original pension claim and a confirmation of what I entered on the claim form /home/monica/Xmirror/home/monica/private/Personal/PensionsForecast     
    Contains a forecast in 2011 of the pension I would get   
 file:///home/monica/Xmirror/home/monica/Resources_pdf-html/Pensions/
    Original government  pdfs on state pension and deferring       
Also Old bkmark folders:
    AAAdminz/AOfficeAccounts/Income: Pensions                               

    ========

Original (compound interest calculation:
    14711-21714 = 7003 DIFFERENCE if don't backdate
        16 * 7003 = 112048/2= 56024         10yr = 70030
    14711-19905 = 5194 DIFFERENCE if do backdate
        16 *5194 = 83104/2= 41552           10yr= 51940
        ---
   No backdating 
        F: 406+56 = 462000
        M: 406-56 = 350000
    With backdating
        F: 406000+41552 =447552 +10000 = 457552
        M: 406000-41552= 364448 +10000 = 374448

         520000+21000= 730000 +82000 (cash) = 812000/2 = 40600349728-42315.2

With no backdating: (pension 26572 gross = 23772/yr net)23772/r net -14711= 9061
        16 F: 406000 + 72500     = 478500      
        10 F 406000 + 45405      = 451405   
                    16 M: 406000 - 72500      = 333 500    
                    10 M: 406000 - 45305      = 360695
With backdating: (pension  24069 gross = 21769/yr net) (21769-14711 = £7058 *[16] = 112928)/2) =56424) + (21769/2)
        16yr  F: 406000 +  56424  = 462424  +10884   = 473388 
        10yr  F: 406000 + 35290   = 441290 +10884   = 452174
                   16yr M: 406000 -  56424   = 349576  + 10884 = 360460
                   10yr M:  406000 - 35290   = 370710 +10884 = 381594 23475) net - 14711 = 11183
        15yr F 406000+83872    = 489872
        9      F 406000+50323    = 456323
                    15 M  406000-83872    = 322128
                     9   M  406000-50323   = 355677
    New figures 21294/y net (Gross 23475) (where using inflation adjusted figure for each year to work out increments)
    No backdating
        16 F 406000+52664 =  458664
        10 F 406000+ 32915 = 438915
                     16 M 406000-52664 =  353336
                     10 M 406000-32915 =  373085
    Backdated Gross 21858 Net 20000.4
        16 F 406000+ 42315.2=  448315.2 +10000  = 458315
        10 F 406000+ 26447 = 432447 +10000        = 442447
                     16 M 406000-42315.2 = 363684.8 +8000     = 371684.8
                     10 M 406000-26447 =  379553 +8000          = 387553

MovingCosts:315+

•     Stamp duty on purchase :2% over 125k-250k Then 5% after
      So on 300000 2500 (up to 250000)then 2500 on 250-300L or 5000 on 250-350 or 1000o on 250-450
      Total 5000 (on 300k house) or 7500 on 350000 house or 12500 on 45000
              5000                    7500             12500
•     Estate agent -selling:
      1.2% * 500000= 6000
      1.2 %* 200000 = 2400
•     Surveyor
      500
      500
•     Solicitor-sale and purchase
      3000
      3000
•     Removals
  

==========

Total 27900/2= 13950 +removals each

DWP calculation . (includes transfers to balance)

BBC calculation - where take current pension and calculate increments from that. (includes transfers to balance)