I am a Spanish citizen who has been living in UK for the past 7y. During this period I have always worked here and I haven't received any income from Spain. I have also regularly contributed to a pension scheme that my company has setup and where the company contributes as well. The question I have is what happens to my state pension contributions and my personal pension scheme in the event that I will leave the UK before I actually start getting retirement benefits? For simplicity, let's say I am 35y and I will stay here in UK other 3y (so a total of 10y contributions in UK) and I decide to move back to Spain to work the remaining years until retirement. When I retire, will I be eligible for a state pension from the UK even if I am then in Spain? And would that cumulate to the one I will get from Spain? I guess my personal pension scheme won't be a problem and I should be entitled to get the all money out as I want based on UK rules even if I am in Spain at that point.
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After 10 working/qualifying years in the UK you will receive an UK pension as things currently stand. The amount will increase to the full amount as you accumulate more qualifying years.
https://www.gov.uk/new-state-pension/how-its-calculated
If you take it abroad, it may not be index-regulated, however, which seems rather unfair
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Hi, if the pension is not index-regulated that means is not getting adjusted by inflation? The link gov.uk/state-pension-if-you-retire-abroad/… suggests that there is an increase in case of Spain. – opt Oct 21 at 15:11
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For the time being it is written in the section State Pension and benefits on the page https://www.gov.uk/guidance/living-in-the-eu-prepare-for-brexit that uprating is only guaranteed until 2023. It may of course be continued, but they haven't decided yet as far as I understand. – nsandersen Oct 22 at 11:13
