The Ultimate Guide to Pension Schemes in the UK | Should You Opt-In Or Opt-Out?

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Title: The Ultimate Guide to Pension Schemes in the UK | Should You Opt-In Or Opt-Out?
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[@Susanne-zuku]

Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

[@Patricia-Margaret]

@AustinWalker67 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Alice Marie Coraggio and everything changed. I started enjoying huge returns from my investment.

[@Patricia-Margaret]

@AustinWalker67 Alice Marie Coraggio , lookup with her name online.

[@anvitsharma4885]

Thank you. Was looking for this just yesterday!

[@vireshpatil903]

Great video as usual. Thank you so much for your effort. Please could you guys explain how to merge different pension providers in one place (specially after switching jobs)? Thanks again.

[@jack58815]

Hi Thank you for sharing valuable video of pension. It really helps to understand a lot. Could you please also share the video of Superannuation Pension, 1995 pension plan and 2015 pension plan I am having confusion in this

[@chiragnarang5619]

GREAT AND KNOWLEDGEABLE

[@kuenzangchoden6268]

Thank you so much

[@Owaismh54]

Great efforts and very well explained!

[@jigartank7398]

Really informative video! Appreciate your efforts.

[@Owaismh54]

and very informative!

[@HarpreetKaur_2078]

Dearest Gautam and Avi......................Am humbly honoured to be connected with you through daily vlogs of yours, enriching our journal and Destiny ........................Many thanks for creating wonderful vlogs enriched with beauty, grace, wisdom and knowledge, a source of encouragement, inspiration to lead better life with wise understanding of great career, destination and personal life prospects as well....................the great useful information shared by you has immensely helped many people a loads and we are happy to be a part of your journey.................keep creating such magical moments for yourself and others, and keep shining your light and wisdom.........................Love, hugs and blessings ❤🙏🌹🌹🏵🏵🏵🏵

[@subbey8680]

Thank you soo much

[@hemasainibhagwaniwal2836]

That’s the videos i was waiting for Bcoz i was confused should i continue my pension in uk or decline it 😊 Thanks

[@rositabedi8492]

Good job.

[@kanjanayadav7791]

Very good information

[@haseebuddinbakshh3379]

You ppl never disappoint when comes to sharing accurate information..... God bless

[@rahulchoudhary1466]

Nice video guys, Thanks for putting all the information together. Can we transfer our pension pot to India, say after 5 years? (There is something called QROPS)

[@surenderbattan247]

Topic👌

[@jorrigala]

Appreciate your effort in providing this valuable info. thank you guys 🙂

[@HumTumInEngland]

Thanks for watching!

[@nadeemkhokhar3155]

can u make a video on uk workplace environment or workplace culture or workplace differences in uk and india ?

[@shaileshkaulkaul9674]

2 year refund rules are not applicable since 2015. Also it was specific to CIMP schemes only.

[@neeruverma2603]

Well articulated and presented. Very informative video. 😊

[@HumTumInEngland]

Thank you kindly!

[@sukhdevkauratwal9609]

God bless you from Leicester

[@eramitj]

Awsome work again Avi and Gaurav

[@morrispatel1116]

Keep up good job

[@priyankap6680]

Nicely explained... Much appreciated...

[@HumTumInEngland]

Glad it was helpful!

[@munishgupta1017]

Very well explained . All of your videos are always helpful.

[@HumTumInEngland]

Glad to hear that

[@rohitkataria9506]

Is it possible for you guys to refer someone to your office If I want the job directly from my country?

[@JustAnotherAdi]

Pension scheme in UK is something similar to EPFO and NPS in India

[@Samsvloguk]

Thank you Avi bhabhi & grv bro for thi information 👍keep it up guys

[@HumTumInEngland]

Always welcome

[@pavansaichintala3635]

hii sir i came to uk september 2023 now I am working as a part time employee in Mcdonald so I was auto enrolled in nest pensions but I opted out since I am a student student I don't need these pension as a student did I made a mistake or not ?

[@pushpalibra3143]

Mere bete ko rinitus ki problem h kya use uk ka weather suit kr jayega pl tell me pl answer dena

[@ankitsaini-lg1hf]

Hello Hum Tum can you help me with one information. I want to know, How UK home office approved Indian clinics for "TB" test. I have emailed but no reply. It would be helpful if you could help any way

[@doreman871]

How can we unclaim the state pension in gov app?

[@sonyjohn7084]

God bless you Guys.. You are really Awesome.. I just love your videos..

[@HumTumInEngland]

Thank you so much 😀

[@happiness1798]

Very informative video Thanks, Avi and Gaurav🤗

[@HumTumInEngland]

Thanks for watching

[@saleena7916]

Hii Avi and Gaurav bhai!! Just wanted to know if definite contribution pension affects the ILR or citizenship procedure in the future if we opt out for few years and opt in again?

[@HumTumInEngland]

no it wont effect your ILR

[@ashahashah979]

Good

[@ronieducation5740]

Plz ye b explain krdo opt out kaise hoga people pension se

[@anillpatel009]

Hello..gauravbhai.. I want to ask you that state pension will come after 68 year of age. But what happen if someone die before retirement age ? Are they provide pension to family member or not ? Please reply..

[@saifurrehman5419]

Excellent explanation

[@HumTumInEngland]

Glad you liked it

[@bidhanpradhan8258]

Hi guys if one has worked for 7 years then can they apply for state pension? As in I know you mentioned 10 years is must but just asking if there is another way to be eligible, if you know. PS: You guys are great!

[@vasimvahalu1342]

Do we get both pension ? After retirement and eligible for state pension as well. Or will just get one side ?

[@Ad-Free]

To get the full UK state pension you need 35 years of NI contributions. And to get a partial state pension you need at least 10 years of contributions.

[@pushpalibra3143]

Mene to apk channel ko kb se subs kiya h or hr video ko dekhti hun

[@krunalpatel6819]

Dear Gaurav and avi , Pls. Make a video to opt out of the pension scheme process .

[@HumTumInEngland]

its very simple just talk to the HR in your company

[@saumil9369]

Thank you, after paying NI for almost a year, first time someone told me what is the benefit of paying it. Good work!🎉

[@HumTumInEngland]

Great to hear!

[@rupadhyay73]

NPS is same

[@vinimysore]

Hi, nice video as usual. What is the munimum age to start claiming employer pension? Is it same as SPA?

[@HumTumInEngland]

Most pension schemes set an age when you can take your pension, usually between 60 and 65

[@UK_Pensions_Tensions]

Minimum age is 55, but this is called early retirement.. secondly on grounds of ill health, if Trustees approve, no age limit. Please read your pension scheme booklet and rules, do not hunt for any answers on KZbin as the info here can be more generic...

[@faizaaslam2132]

Self employed can eligible for state pension?

[@RajwinderKaur-rq6pq]

Hlo sir maine ik saal ek agency k sath kam kiya aur woh Lok mera p45 Nhi de rhe aa na hi holidays. K passie kya rule hai uk m kya kr skte hai plz make vdo 6,7 din kam kiya aa agancy ke sath

[@safinamakandar8187]

Super informative as usual :)

[@HumTumInEngland]

Glad it was helpful!

[@mianjoggi5343]

@@HumTumInEngland bro mena insta per message kia.ha apna reply nhi dia

[@parthdoshi5076]

Glad to see my employer is putting 8% in contribution scheme

[@anujsinghrajput7118]

bhaiya ek baar best UNIVERSITY ka bara mai vedio bna dijia

[@nadeemkhokhar3155]

very good job

[@HumTumInEngland]

Thank you! Cheers!

[@Aquaman633]

How to create an nest id please?

[@UK_Pensions_Tensions]

Why is UK pension administration getting outsourced? What does that country ppl even know about UK pensions? Risky that our pension details are shared outside UK

[@amritpalsingh7731]

Opt out kaise kre

[@jobcreations7549]

Where I receive my refund, In my bank account or by cheque

[@noreensajid220]

5 month ke pension amount 50 pounds each month pay hoi hai. Ab me esko band krwana chahti hon. Kia 5 months ke amount wapis mily ge

[@shawkatalisawant9639]

I lived in UK 30 years and moved to Mumbai, India. Self employed pay Class 4 National Insurance contribution annually which is Pension contribution.

[@incubus7340]

Can u pls tell me , why you moved back to India??

[@shawkatalisawant9639]

@@incubus7340 I am British citizen and moved to Bandra, Mumbai, India for retirement. I upload videos for family and friends on social media.

[@incubus7340]

@@shawkatalisawant9639 so you gave back your British citizenship right? And moved back to India or do u still have your British citizenship and right now you're in india?? Do u have both Indian and British citizenship??

[@shawkatalisawant9639]

@@incubus7340 I am British citizen and have OCI for India.

[@incubus7340]

@@shawkatalisawant9639 so bhai , right now you permanently moved back to India?

[@kavitabhal5167]

Ram Ram ji 🙏

[@yashbhakhar-dv7se]

Cyprus ka video bnao na please

[@Trending-News360]

Hi ..I am on PSW and want to opt out...if I opt out from pension than that money will come to my account from next salary ??

[@HumTumInEngland]

Yes your pension contribution will not be deducted from your salary so you will get it.

[@shubhamdalvi1749]

Can I get my money out of nest? If so, how can I do it?

[@ctcnfjaipur8549]

Need to wait till 55 yrs of age......For getting pension in contribution scheme. Two years Opt out thing s not correct, it's only two months to opt out and get the refund.

[@niravpatel3559]

If we opt out, it can affect to get ILR?

[@HumTumInEngland]

nops it won’t effect ILR

[@mr_possible6197]

Suppose I started working in the UK with a skilled worker Visa. Eventually, I got an ILR. I continued my job here and started contributing to pension (employee+employer) category scheme for 10 years. Then, I moved to India permanently. Will I get this pension in India after retirement age (in India) ?

[@HumTumInEngland]

how would you get it in India if you have paid in UK? You can take out this pension from UK once you reach the UK retirement age

[@mr_possible6197]

@@HumTumInEngland But lets say i work for 10 years in the UK for a company. And then, I move back to India, can I take the invested amount back then ? I am under the impression that this is kind of similar to the EPF scheme that we have in India

[@shilpaprusty3319]

How to merge multiple pensions into one ? If one leaves uk and had pension fund , after transferring to India,will it be accessible after turning 65?

[@SajSajidmk]

Yes, everything is done ✔️ online.

[@SajSajidmk]

To merge you request the pension company that u want to keep to merge others into it.

[@KhanBaloch-qu1dl]

Most of the migrant came on boat they never worked on national insurance number in their life,,,but at pension age they getting full pension why? And some UK citizen or British national worked 1-2 yrs only still getting full pension

[@mishunot]

Am I eligible to get a pension even I didn’t work in UK but I’m a citizen thanks

[@anuragnarang26]

How is pension contribution different from NI contribution?

[@HumTumInEngland]

NI contribution goes toward state pension but pension contribution is your workplace pension that you get on top of state pension after retirement 👍🏻

[@pushpalibra3143]

Hm Ghaziabad se hn to pl hamari help krna ki kese kese ana h sb btana

[@sahilyenky6238]

in case we are moving another country can we claim pension fund ?

[@sahilyenky6238]

and also can we claimed tax as well ?

[@ananyamitra6836]

What if I go back to my home country? Will i be able to transfer the amount?

[@HumTumInEngland]

We have explained this in our video

[@ashblackhawk]

Yes

[@samiksammy]

Agar 5 saal kaam karne ke baad India wapas chale jaye toh after the age of retirement withdraw kar Sakte hai?

[@udityasinghrawat1266]

First view :D

[@prakashk78]

Can you get refund of NI once you deport from U.K. ?

[@jassisingh1583]

Hello Bai I am work in Indian force 10 year service My wife complete bsc nursing 5.5 band ilets give me advice Can I come uk health care job

[@Vivaanveet2014]

Uk vi test clear karna hoga

[@tiwari.dhairya10]

1st view

[@ashblackhawk]

State pension age is 68 now. So people who wants to retire at 55 needs enough money.

[@HumTumInEngland]

The SPA is the earliest age that you can claim your state pension. The current SPA is 66, rising to 67 between 2026 and 2028, and currently scheduled to increase to age 68 between 2044 and 2046.

[@deepakarora6782]

This is not the upto mark knowledge sharing Minimum contribution from employee in not 5 % . Can you please check the documentation.

[@HumTumInEngland]

Minimum employee contribution is 5% and Min employer is 3% as per gov.uk website

[@garvinder860]

Bro maine pension band krni hai to guide krdo plz

[@HumTumInEngland]

Just tell your company’s HR thats it

[@darrenerik7605]

Despite the economic downturn,I'm so happy☺️. I have been earning $ 60,000 returns from my $7,000 investment every 13days.

[@cliffordoscar9043]

This must be an investment with Mrs Raghee Horner.

[@alexanderraul1301]

I'm a long term investor. I Withdraw my profits of over £56,000 during the covid-19 pandemic

[@samiksammy]

Gaurav bhai, yahan tax dene ke baad India jab paise transfer karte hai toh uspe India mein bhi Tax lagega kya?

[@SamikshaInLondon]

no you're not taxed again in India. Indian govt wants people to transfer money from foreign and thus don't apply tax infact they provide higher return saving interest on your transferred amount.

[@bilalballi924]

Conterbury men cake shop hey bakery shop

[@aqeelahmad1904]

Muge apni 10 month ki pension wapis laini kue tarika bataaa saktay

[@balu5456]

151 view

[@anishpatel7101]

Agar job chal raha hai or bich me 1-2 month job nahi hai to vo 2 month penson nahi cut hoga to fir bich me gap ho gaya to 8 years me kese cout hota hai

[@HumTumInEngland]

pension to tabhi doge na jab job chal rahi hogi.. without job pension kaise cut hoga salary se?

[@anishpatel7101]

Can i ctc u on cl or msj?

[@UK_Pensions_Tensions]

No wonder ppl like you, are causing more complaints for the pension administrators. Half hearted knowledge about pensions, but claim for a full compensation... go and work for pension administration firm for few years..

[@satishakoju1457]

Use less msg

[@mainwest]

what language are speaking with wtf

[@jaswinderkumar5302]

Can i talk to you sir ? If yes How can i contact you??

[@dhrooovs]

Schemes you can transfer to The overseas scheme you want to transfer your pension savings to must be a ‘qualifying recognised overseas pension scheme’ (QROPS). Text from Gov.uk

[@anujsinghrajput7118]

bhaiya ek baar best UNIVERSITY ka bara mai vedio bna dijia