Career break or resignation?
#1
I just wondered what peoples plans were for emigrating, career break or straight forward resignation? I'm not decided. A break gives me a safety net should I wish to return, but resignation gives me access to my pension, which according to Canadian law, will allow me to take some of it as a deposit for a house. Any opinions?
#2
Just Joined
Joined: Nov 2008
Posts: 2

I just wondered what peoples plans were for emigrating, career break or straight forward resignation? I'm not decided. A break gives me a safety net should I wish to return, but resignation gives me access to my pension, which according to Canadian law, will allow me to take some of it as a deposit for a house. Any opinions?

Paul
#3
Forum Regular



Joined: Apr 2007
Posts: 114

You cannot access your pension for a few years after you emigrate or the UK tax man takes around 40% - there is a threat on the issue.
I don't have the option of a career break so it will be resignation for me, if I get offered a job!
I don't have the option of a career break so it will be resignation for me, if I get offered a job!
#4
Forum Regular



Joined: Nov 2008
Posts: 190






Hi all,
I intend to take a career break, as a preferential re-join. Another officer from my force has just gone out to CPS and was allowed the CB.
Re. the pension, you can transfer your police pension to a recognised scheme in Canada as listed on the below:
http://www.hmrc.gov.uk/PENSIONSCHEMES/qrops.pdf
Nige
I intend to take a career break, as a preferential re-join. Another officer from my force has just gone out to CPS and was allowed the CB.
Re. the pension, you can transfer your police pension to a recognised scheme in Canada as listed on the below:
http://www.hmrc.gov.uk/PENSIONSCHEMES/qrops.pdf
Nige
#5
Forum Regular

Joined: Sep 2009
Posts: 39

I just wondered what peoples plans were for emigrating, career break or straight forward resignation? I'm not decided. A break gives me a safety net should I wish to return, but resignation gives me access to my pension, which according to Canadian law, will allow me to take some of it as a deposit for a house. Any opinions?

#7
Forum Regular


Joined: Mar 2008
Posts: 88
From: Calgary Alberta


You can access funds from your pension and not pay any UK tax.This depends on a few factors such as what you are using it for. There is a pension advisor doing the rounds who is misinformed and scaremongering regarding paying tax.
Make sure you know who you are dealing with regarding pension transfer and thet they have a proven track record. Its not as simple as it sounds.
Make sure you know who you are dealing with regarding pension transfer and thet they have a proven track record. Its not as simple as it sounds.




