Do you know the pension system for British immigrants?

# Chinese # Introduction At present, the British pension is a fixed and regular source of income for individuals who retire from their jobs or reach retirement age. It consists of three parts: state pension, work institution pension and private pension. The national basic pension is directly linked to the number of years of paying national insurance premiums at work, and has nothing to do with the amount paid. Let's learn about the pension system for British immigrants. Welcome to read!

In the past, it was stipulated that you can receive the full national basic pension after 40 years of payment, but now it is 30 years, with weekly payment 125.95. If the working time is less than 30 years, it shall be calculated by multiplying the actual working years by 1/30. The national basic pension is the same regardless of salary and contribution.

At present, it is compulsory by law for working people to pay national insurance, not voluntary. In the past, this was optional. Some people pay endowment insurance, while others don't. It's unfair that people who don't save money should get relief when they get old. At present, national insurance must be paid at the beginning of work, just like personal income tax, which is directly deducted from wages, turning savings endowment insurance into a responsibility.

In addition to the basic pension, the national pension also has an additional pension, which is optional for individuals. Pay more and get more. Some people have high wages or extra income and are willing to pay more pension insurance.

Non-British citizens can also receive state pensions.

Pensions are for everyone who works in Britain. No matter which country you come from, whether you are a British citizen or not, as long as you work legally in the UK and pay the national insurance premium, you can receive the corresponding national pension.

The state pension takes care of special people.

For healthy people who don't work, if they spend 20 hours a week at home to take care of disabled people or patients, or if they have children under the age of 12, then this period is regarded as having paid the national insurance premium. This regulation is mainly aimed at women.

The state pension has always been more beneficial to women, because women have traditionally been treated in many unfavorable ways, so they have been compensated for their pensions. At present, the society is eliminating all unequal treatment, including gender inequality, and now this age preference for women has also been abolished. With the increase of life expectancy, the age of receiving pension also increases.

The other two kinds of pensions

In addition to the state pension, there are two kinds of private pensions, namely, work pension and personal pension. If you have a work unit, such as a government or a company, the unit will usually take a part of your monthly salary and add another part to your account as endowment insurance.

The higher the salary, the more insurance money you pay and the more pensions you will receive in the future. If there is no work organization, individuals can arrange with banks or insurance companies to invest in personal pension insurance, and the banks or insurance companies will pay the pension when they retire.

Extended reading: the steps of British immigration

The first step, qualification evaluation is very important.

It can basically determine the quality and smoothness of your future immigration.

Step 2: Prepare immigration application materials.

Must meet the basic requirements of authenticity, accuracy, integrity and logical rigor.

Step 3: Physical examination interview

After submitting the immigration application, you will receive the immigration acceptance notice and the record number, which is a sign that your immigration application is about to enter the processing procedure. Within a period of time, the visa officer will tell you whether you need an interview. If you don't need an interview, the visa officer will send you a physical examination form and let you go to the designated hospital for a physical examination. If you need an interview, the visa officer will tell you the place and time of the interview, and will also tell you the relevant materials you need to bring during the interview. After you pass the interview, you will be informed to go to the designated hospital for physical examination within seven days.

Step 4: Immigration Bureau issues immigrant visa.

If you pass the interview and physical examination, the immigration office will issue you an immigrant visa. If you are unfortunately rejected, then you need to carefully analyze the reasons for rejection, modify the supplementary application materials according to the problems, and then resubmit the interview.

Step 5: Make full preparations before departure.

Before immigrants leave, they need to know about notarization, physical examination, foreign exchange, luggage, entry and exit, flights and other related matters, so as to make the best preparations for the trip. In addition, of course, it is necessary to practice oral English well in advance, which is related to whether you can quickly adapt to and integrate into local life after going abroad.

Further reading: suitable for British entrepreneurs to immigrate.

From the perspective of policy orientation and case analysis, British entrepreneur immigrants are more suitable for two groups of people.

The first is returnees with British education or work background.

The advantage of these people is that they have a good visa history, a certain degree of understanding of Britain, a British educational background, and a certain degree of familiarity with the British business model and business social operation rules. However, please note that it is this kind of applicant who may be refused a visa, because most turtles draft business plans according to their own subjective consciousness based on some textbook knowledge they have learned in the UK. In fact, most business plans are not feasible due to lack of business operation experience.

The second group that is more suitable for British entrepreneurs to immigrate is middle-aged business people who have business contacts with Britain and have certain English skills. Relatively speaking, such people are more likely to get an immigrant visa for British entrepreneurs because of their mature business model and ready-made customer base. To a large extent, entering the UK is an expansion and continuation of business. Business models and business forms are relatively mature and easily recognized by the British Immigration Service, such as cooperative education institutions, English training institutions or commercial institutions for Sino-British trade and cultural exchanges.