pensions
#2
Banned










Joined: Jan 2004
Posts: 5,094











Originally posted by Bluekwack
how easy is it to transfer your pension from the UK to Oz?
how easy is it to transfer your pension from the UK to Oz?
Pretty much everything you can think of has been covered
If you have, try and be a little more specific in the post ie. NHS pension, Forces ect...
#3
Originally posted by Jack Daws
Have you tried doing a search on this subject?
Pretty much everything you can think of has been covered
If you have, try and be a little more specific in the post ie. NHS pension, Forces ect...
Have you tried doing a search on this subject?
Pretty much everything you can think of has been covered
If you have, try and be a little more specific in the post ie. NHS pension, Forces ect...
#4










Joined: Aug 2003
Posts: 11,149

Originally posted by Bluekwack
how easy is it to transfer your pension from the UK to Oz?
how easy is it to transfer your pension from the UK to Oz?
#5
It is true that a lot of Mickey Mouse pension schemes won’t have a clue what you are asking them to do. A little bit of hand holding and prompting on your part may be required.
Bear in mind that once you have formally requested the overseas transfer they are legally obliged to carry out your instructions. If they don’t know how, or fail to do it in a timely manner, you have grounds to complain to the company, to NAPF, or the Financial Services ombudsman.
Sometimes, you have to remind them who’s money it is.
Bear in mind that once you have formally requested the overseas transfer they are legally obliged to carry out your instructions. If they don’t know how, or fail to do it in a timely manner, you have grounds to complain to the company, to NAPF, or the Financial Services ombudsman.
Sometimes, you have to remind them who’s money it is.
#6










Joined: Aug 2003
Posts: 11,149

Originally posted by dracupg
It is true that a lot of Mickey Mouse pension schemes won’t have a clue what you are asking them to do. A little bit of hand holding and prompting on your part may be required.
Bear in mind that once you have formally requested the overseas transfer they are legally obliged to carry out your instructions. If they don’t know how, or fail to do it in a timely manner, you have grounds to complain to the company, to NAPF, or the Financial Services ombudsman.
Sometimes, you have to remind them who’s money it is.
It is true that a lot of Mickey Mouse pension schemes won’t have a clue what you are asking them to do. A little bit of hand holding and prompting on your part may be required.
Bear in mind that once you have formally requested the overseas transfer they are legally obliged to carry out your instructions. If they don’t know how, or fail to do it in a timely manner, you have grounds to complain to the company, to NAPF, or the Financial Services ombudsman.
Sometimes, you have to remind them who’s money it is.
It was a pension scheme for a worldwide publishing company and it was moved to MLC who were just as incompetent. You have to have a lot of patience and persistence.
#7
And bear in mind, if the company is useless the best financial adviser on the planet isn’t going to make a toss of a difference to the transfer.
#8
Forum Regular



Joined: Sep 2003
Posts: 111
From: In Perth for a while

Originally posted by bondipom
It was a pension scheme for a worldwide publishing company and it was moved to MLC who were just as incompetent. You have to have a lot of patience and persistence.
It was a pension scheme for a worldwide publishing company and it was moved to MLC who were just as incompetent. You have to have a lot of patience and persistence.
I'm confused, but I'm beginning to think what UK calls a pension is what Aus calls superannuation.
As well as superannuation, Aus also has pensions of the invalid and old age variety.
Is this a case of what you think a word means is different to what I think the word means?
#9










Joined: Aug 2003
Posts: 11,149

Originally posted by Dawn Adams
I'm confused, but I'm beginning to think what UK calls a pension is what Aus calls superannuation.
As well as superannuation, Aus also has pensions of the invalid and old age variety.
Is this a case of what you think a word means is different to what I think the word means?
I'm confused, but I'm beginning to think what UK calls a pension is what Aus calls superannuation.
As well as superannuation, Aus also has pensions of the invalid and old age variety.
Is this a case of what you think a word means is different to what I think the word means?
By law your employer must pay 9% of your salary into a superannuation fund. There are other types of pension funds but I have never had one. These include defined benefits schemes which are similiar to final slary schemes in the UK.




