Will my state pension be calculated into my monthly wages?

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alan540
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by alan540 » Tue Aug 22, 2017 4:52 am
I am one year in a i.v,a,. and will soon be getting my state pension...i will carry on working for a while, will my state pension...be calculated into my monthly wages?
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kallis3
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by kallis3 » Tue Aug 22, 2017 7:18 am
Hi,

Yes it will be taken into account as it is income. If you are going to carry on working, you could always defer your pension for a while.
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Foggy
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by Foggy » Tue Aug 22, 2017 7:38 am
As Kallis says, this will be taken into your income calculations. Personally, whilst in the IVA, I would defer drawing the pension (which could add to your eventual monthly payout, if you have not yet reached the maximum).
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Michael Peoples
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by Michael Peoples » Tue Aug 22, 2017 7:58 am
You will also cease to pay National Insurance when you reach pension age so this should also lead to an uplift in payments. I assume your IP has factored this into the IVA payments.
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