nat ins and pensions etc when u go
Aug 29th 2006, 9:43 am
#1
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nat ins and pensions etc when u go
before i get in touch with local tax office thought i would ask you friendly lot first,what happens to all my tax and nat insurance contributions when we emigrate,were thinking if we go and stay in oz do we just lose our pension rights when we retire,do we have to inform them were going at all??,we haven't set up a private pension we were going to go down the property route hopefully,any info ?? 
Aug 29th 2006, 9:52 am
#2
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Re: nat ins and pensions etc when u go
Originally Posted by peterpamnryan
before i get in touch with local tax office thought i would ask you friendly lot first,what happens to all my tax and nat insurance contributions when we emigrate,were thinking if we go and stay in oz do we just lose our pension rights when we retire,do we have to inform them were going at all??,we haven't set up a private pension we were going to go down the property route hopefully,any info ??
you can claim your pension when you retire in Aus-not sure how you do it tho-you don't lose your entitlement.
Aug 29th 2006, 10:08 am
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Re: nat ins and pensions etc when u go
Originally Posted by ianandhelena
when you leave the UK you should complete a form P85 which will enable you to claim a refund of income tax in respect of your unused personal allowance for that tax year-see here .
you can claim your pension when you retire in Aus-not sure how you do it tho-you don't lose your entitlement.
you can claim your pension when you retire in Aus-not sure how you do it tho-you don't lose your entitlement.
Aug 29th 2006, 10:15 am
#4
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Re: nat ins and pensions etc when u go
Originally Posted by peterpamnryan
thankyou so much,i will at least be armed with some knowledge when i go to tax office,ta
Also bear in mind the new pension reforms that may be coming into effect soon which will shrink the No. of years you have to pay NI contributions to claim a state pension (I *think* it's currently 45 yrs for a male). This will depend on your age..
Aug 29th 2006, 10:53 pm
#5
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Re: nat ins and pensions etc when u go
Originally Posted by peterpamnryan
before i get in touch with local tax office thought i would ask you friendly lot first,what happens to all my tax and nat insurance contributions when we emigrate,were thinking if we go and stay in oz do we just lose our pension rights when we retire,do we have to inform them were going at all??,we haven't set up a private pension we were going to go down the property route hopefully,any info ??
As others have said, you can lodge a tax claim for the current years tax rebate.
Julie
Aug 30th 2006, 8:46 am
#6
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Re: nat ins and pensions etc when u go
Originally Posted by Macquarie
When you reach retirement age in Australia, don't worry as they will ensure that you claim any UK state pension to which you are entitled to. They will then adjust your Australian state pension accordingly. My mother has lived in Australia for 42 years and receives a pension from both countries (the amount is even adjusted each month with relation to the exchange rate!)
As others have said, you can lodge a tax claim for the current years tax rebate.
Julie
As others have said, you can lodge a tax claim for the current years tax rebate.
Julie
Sep 3rd 2006, 6:56 am
#7
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Re: nat ins and pensions etc when u go
Originally Posted by peterpamnryan
thankyou for the info,its put both our minds at rest,will make the trip to tax office a bit more pleasant
http://news.bbc.co.uk/1/hi/business/5301710.stm
CB
