B4 - Wednesday, October 24, 1984 - North Shore News

Wl business ja,

THE RETIREMENT SCENE

Good news for ex-Brits

Schools!
Craft Groups!
Churches!

ANY IMMIGRANTS from Britain who
came to Canada since World War II do
not realize that they may sull be eligible
for a British Old Age Pension. If you qualify you
may be entitled to receive a pension as early as age
60 1f you are a woman. For a man the earliest age if

65.

Many of us Canadians who
came to this country during
the last 30 years or so wil}
have worked in Britain
aad or been a member. of the
arme Pees,

These véats of employment
and service all COBRT apd. in
most cases, al] we have to do
is write tO England to activate
our file ‘

I} vou haven't already
done so. drop a tine to the
Department of Health &
Social Security at the tollow
ing address
Department ot Health

& Socal Securit
Overseas Branch
Longbenton, Neweoastle

on Tyne

England NE9S LYS

and give them as much infor-
Mation as you can to identity
yourself—vour tull name
(Qncluding vour maiden name
if wou have marred). date
and place of birth, service
number, ete.

The people in) Newcastle
are very pood and you should
hear back from them quite
promptly. It they Week rx In
identifying you, ,and yolf“are
ehgible, thea wall advise vou
of your file number and the
percentage of pension tor
which you quality

They will also send vou
their latest booklets and in
formation on Social Securit,

Abroad and the Social

By BERT WICKHAM

Security Agreement between
UK and Canada.

You may, if you wish, in-
crease the size of your pen-
sion entutlement by making

- annual contributions and you
may also ‘‘catch up’’ on ar-
rears of contribuuons for the
Past one of two vears. Either
of these methods of enhanc-
ing yOur British pension work
out to be a good deal and are
recommended tf vou can
possibly afford at Further-
more, if vou should decide to
return to Britain after reture-
ment, yOur status as an old
dge pensioner will qualify
vou for many more
“poodies’’ under the Na-
tional Health and Social
Secuntys System

You will need to have ceas-
ed working tO receme the
British pension at age 60 or
68 Tt vou work beyond that
age, You will still quality

RETIREMENT ANNUTEY RATES AND RRIF. IEE USTRATIONS— OCT. 1984

MONTHIY INCOMES BASED ON $50,000 OF PROCEEDS

Life Life Late

(no puarantee) (10-yr. yuar.) (1S-s6. guar.)
Age Male Female Maile Female Male Female
60 $570.83 $532.76 $545.65 $531.05 $531.05 $516.13
61 580.82 838.46 550.98 834.59 533.71 519.56
62 591.39 $44.58 $56.39 537.45 S35.82 822.00
63 603.33 550.21 561.76 540.35 539.08 525.51
o4 615.93 SS87.37 567.53 543.53 542.22 528.79
65 628.95 505.88 $74.96 547.38 546.26 531.05
66 641.06 $75.88 580.65 552.94 549.10 534.53
67 656.01 586.73 586.65 559.60 552.05 $37.93
68 073.96 597.47) 592.62 565.45 554.48 541.28
69 690.79 609.84 $98.95 571.47 S57.50 844.47
70 708.87 624.06 605.09 578.64 559.87 547.60
71 727.22 642.13 613.84 587.49 563.84 551.06

Jot Life Fined Lerm

(10-.6. puar.) (to ape 90)
M&M MS&E™M
$504.58 $512.35
507.99 §14.59
510.28 §16.39
514.68 518.29
$18.09 $21.21
$22.13 824.70
528.29 528.19
834.44 532.73
$40.59 837.89
$46.78 $43.77
§482.90 S49 83
5600.18 “™ §558 95

Any of the above options are available on a 4$%o increasing basis

REGISTERED RETIREMENT INCOME El
Iustrations for ape 71 based on a fully administered plan carning 11.875%o interest

throughout

Growth Formula

Yeu Mar Min

1 $225.67 $376.64
2 25191 397 82
’ 281 19 420 20
4 VEy BS 443 B4
s WOW 4608 BO
6 OE 10 495 17
7 430 S50 82303
487 31 $82.45

9 S43 90 by,
10 607 20 H16 34

Year Miaa Min

11 $677 78 SoS OF Rates can change trom day toe day
12) 7S6@ 58 O87 GV gad sacy depending on amounts
1} &44a 53 726 31 Anvone wishing an exact figure of
{4 942 71 Tory the free brochure ON Cuide to
1S £05) 30 KIO 32 Selecting Your KR ROS PO Maturity
lo 1.174 62 RSS 90 Options o may telephone Solpuacd
ae en ee 904 O45 at O8N 94577 Of write them al Ste
18 1.40) 00 954 90 OS 678 Wo Bastings St Van
19 1oOdvd 74 TORN OI couver BC VOB IN?

NDCR RODEO

Lables prepared by Solpuard Nanutty Consuttiay Services bed

13”

ONE

YEAR

TERM

12 5% — 30 - 180 DAYS

RATES SUBJECT
TO CONFIRMATION
Ot BENTURES OFFERED

BY PROSPECTUS

VICTORIA
MORTGAGE

CORPORATION LTD.

Cen 4° Bate St

HAZE WO Clo cernvervent St Nite tere

oHe hal
Bro pile

Vancourer

when you cease working or,
in any event, at age 71.

Although the pension 1s
considered taxable income in
Canada, it could be ‘‘rolled-
over’? into an RRSP as
received and turned into tax-
tree qualified pension income
in due course.

During the recent strike of
computer personnel in
Newcastle the Canadian
Department ot Health and
Welfare consulted with the
British High Commission in
Canada and provided an ex-
cellent example of inter-
government cooperation to
assist pensioners in need.

Classified Marketplace

column.

Starts Oct. 24/84
12 words - $7.95

3 consecutive issues
- $20.00

Call 986-6222
to place your ad.

THE VOICE OF WONT and WEST VanCOUVER

north shore

SUNDAY - WEDNESDAY . FMIDAY

So, if you worked in Bri-
tain or were a member of the
forces at any time before
emigrating to Canada, write
to Newcastle. There may be
good news waiting for you.

ONE PRO

Bert Wickham is one of
B.C.'s foremost authorities
on financial planning for
retirement. This series is
designed to help you make
the most of your income in
retirement and keep = your
taxes to the legal minimum.
However, as these articles are
of a general nature only,
readers are advised to check
carefully before applying
them to their personal situa-
tion. Bert Wickham can be
seen on Shaw Cable 10 Sun-
day at 10 p.m. discussing
retirement planning.

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