Act now to claim this valuable benefit

There are very few investment recommendations that financial advisers can make to clients that are a gold-plated opportunity to guarantee them income for life in retirement from an A-rated guarantor for a minimal outlay.

However, the option to buy a UK State Pension currently exists for anyone who has worked in the UK for 3 years or more. To qualify for the minimum UK state pension entitlement you must have 10 years on your national insurance record. This is the UK equivalent of our PRSI contributions.

Crucially if you haven’t worked the required amount of time to reach the minimum 10 years on your UK National Insurance record, you have the option to make voluntary contributions to increase your record to either bring you up the minimum requirement or to increase your record to bring you closer to the 35 years required for the full state pension. You need to have three years’ contributions to qualify to be allowed to top up your contribution level.


What is this worth?

To buy an income for life equivalent to UK Pension would cost circa £235,000 on current annuity rates.


Our Advice

If you qualify this will have an impact on your financial planning. Your adviser will need to update projections and cashflow models to account for this and this could have an impact on your current investment allocations as you may be able to de-risk some of your portfolio once you know you have this income locked in. As always you should seek advice from a CERTIFIED FINANCIAL PLANNING™ professional if you have questions on this.

Have you worked in the UK at any stage during your career?
Wealth Management

Expert Insights

Here at Moore Wealth Management, we keep our fingers firmly on the pulse of the financial industry to ensure we continually deliver the very best advice and products for our clients. Follow us on LinkedIn and don’t hesitate to start a conversation if you have any queries.

Financial Levers - Expenses

Understanding Your Financial Levers

When managing money and working towards financial goals, it's important to understand which factors we can control and which we can’t. Interest rates, inflation, investment market returns, and economic growth..
What Game Are You Playing

What Game Are You Playing?

In the last few years the financial press was gripped by the story of a group of rebellious internet-based stock market traders taking on the giants of the hedge fund..