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Thanks Swampy, it's quite interesting intertwined with a bit of boredom from waiting, and there's no guarantee of work. No work, no pay. Full of retired people topping up their pension, Jim'd fit in just right. :O: |
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Sadly though, with so many people taking the opportunity to retire early, this is so often the case. Now if you mention state pension and those who choose to work on, I'd have that deferred until people actually do exit the labour market. |
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I collect both CPP & OAS 12 months of the year and only work 6 months. There is a $$ threshold you need to stay below or the goobermint claws it back. There is also a deal where one can opt in to pay CPP and still work after they are collecting it. That is what I am doing. it gives me a little more than I would otherwise be entitled to if I didn't pay into it.
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Over here you can earn £10,100 per annum but that still leaves me in the tax bracket, so any part-time earnings would be taxed @20% from £ one.
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Ah, then, it's politics for you, then?... <O> |
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At the 126,000.oo mark gross income the CPP claws back what they pay you for the following year. At $69,000.oo OAS claws back what they pay. So I just have to keep my total income under 69,000.oo OAS is not taxable, but CPP is.
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Almost impossible getting on that gravy train and that's even having the former Foreign Secretary as a friend :) |
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