Pensions or in particular NHS pensions
Jun 11th 2006, 6:04 pm
#1
I've got time . . . . .
Thread Starter
Joined: Apr 2006
Location: SE Queensland
Posts: 574
Pensions or in particular NHS pensions
Hi,
I know nothing about my current pension! It's a NHS Pension, as is my wifes. We both have 10 years service in the NHS. I understand there has been some changes to UK pensions and taking them abroad by Mr Brown recently.
Is there anywhere where we can read up about what to do with these pensions when we move to Oz? We intend to stay in Healthcare when we get there.
Also, is there anywhere that we can read about the pensions/retirement situation in Australia and what we are letting ourselves in for when we reach old age over there?
Thanks
I know nothing about my current pension! It's a NHS Pension, as is my wifes. We both have 10 years service in the NHS. I understand there has been some changes to UK pensions and taking them abroad by Mr Brown recently.
Is there anywhere where we can read up about what to do with these pensions when we move to Oz? We intend to stay in Healthcare when we get there.
Also, is there anywhere that we can read about the pensions/retirement situation in Australia and what we are letting ourselves in for when we reach old age over there?
Thanks
Jun 11th 2006, 8:26 pm
#2
Forum Regular
Joined: Mar 2006
Posts: 269
Re: Pensions or in particular NHS pensions
Originally Posted by temptininnit
Hi,
I know nothing about my current pension! It's a NHS Pension, as is my wifes. We both have 10 years service in the NHS. I understand there has been some changes to UK pensions and taking them abroad by Mr Brown recently.
Is there anywhere where we can read up about what to do with these pensions when we move to Oz? We intend to stay in Healthcare when we get there.
Also, is there anywhere that we can read about the pensions/retirement situation in Australia and what we are letting ourselves in for when we reach old age over there?
Thanks
I know nothing about my current pension! It's a NHS Pension, as is my wifes. We both have 10 years service in the NHS. I understand there has been some changes to UK pensions and taking them abroad by Mr Brown recently.
Is there anywhere where we can read up about what to do with these pensions when we move to Oz? We intend to stay in Healthcare when we get there.
Also, is there anywhere that we can read about the pensions/retirement situation in Australia and what we are letting ourselves in for when we reach old age over there?
Thanks
Jun 11th 2006, 9:17 pm
#3
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: Pensions or in particular NHS pensions
Jun 11th 2006, 9:23 pm
#4
I've got time . . . . .
Thread Starter
Joined: Apr 2006
Location: SE Queensland
Posts: 574
Re: Pensions or in particular NHS pensions
Thank you both, anyone else got any info to pass away those night shifts reading??
Hehe
Hehe
Jun 12th 2006, 4:40 am
#5
Retired
Joined: Apr 2004
Posts: 34,649
Re: Pensions or in particular NHS pensions
Originally Posted by temptininnit
Thank you both, anyone else got any info to pass away those night shifts reading??
Have you thought about whether you might want to leave your NHS pension where it is? Transferring has both plus and minus points.
Jun 12th 2006, 9:25 am
#6
BE Enthusiast
Joined: Nov 2005
Location: South Australia
Posts: 855
Re: Pensions or in particular NHS pensions
Rang up fleetwood about my pension, they didn't offer to send any leaflets, they didn't advise on pro and cons about leaving it where it is.
They did give me a reference number and said once i join a superan scheme in Oz notify them i have nhs pension assets to transfer over and arrange this transfer through a independent financial advisor.
Ali
They did give me a reference number and said once i join a superan scheme in Oz notify them i have nhs pension assets to transfer over and arrange this transfer through a independent financial advisor.
Ali
Jun 12th 2006, 10:28 am
#7
BE Enthusiast
Joined: Mar 2006
Location: Brussels
Posts: 887
Re: Pensions or in particular NHS pensions
Hi
try this website/group, there is much info re
pension/retirement etc..
www.groups.yahoo.com/group/Beria
hope it helps
I know nothing about my current pension! It's a NHS Pension, as is my wifes. We both have 10 years service in the NHS. I understand there has been some changes to UK pensions and taking them abroad by Mr Brown recently.
Is there anywhere where we can read up about what to do with these pensions when we move to Oz? We intend to stay in Healthcare when we get there.
Also, is there anywhere that we can read about the pensions/retirement situation in Australia and what we are letting ourselves in for when we reach old age over there?
Thanks
try this website/group, there is much info re
pension/retirement etc..
www.groups.yahoo.com/group/Beria
hope it helps
Originally Posted by temptininnit
I know nothing about my current pension! It's a NHS Pension, as is my wifes. We both have 10 years service in the NHS. I understand there has been some changes to UK pensions and taking them abroad by Mr Brown recently.
Is there anywhere where we can read up about what to do with these pensions when we move to Oz? We intend to stay in Healthcare when we get there.
Also, is there anywhere that we can read about the pensions/retirement situation in Australia and what we are letting ourselves in for when we reach old age over there?
Thanks
Jun 12th 2006, 10:49 am
#8
Forum Regular
Joined: Nov 2003
Location: Helensvale, Gold Coast
Posts: 214
Re: Pensions or in particular NHS pensions
Originally Posted by Alison1967
Rang up fleetwood about my pension, they didn't offer to send any leaflets, they didn't advise on pro and cons about leaving it where it is.
They did give me a reference number and said once i join a superan scheme in Oz notify them i have nhs pension assets to transfer over and arrange this transfer through a independent financial advisor.
Ali
They did give me a reference number and said once i join a superan scheme in Oz notify them i have nhs pension assets to transfer over and arrange this transfer through a independent financial advisor.
Ali
I am in the process of moving my NHS pension to Hesta fund. I haven't used a finacial advisor!! You complete a form that the pension agency you are with in Australia give you and basically send it back and the pension scheme sorts it!! Saying that it hasn't come over yet!! I sent it off about May time. Advisors charge for bringing it over. My friend is being charged 3%. Hope this helps!
Marie
Jun 12th 2006, 12:46 pm
#9
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: Pensions or in particular NHS pensions
Be aware of new UK Revenue requirements when making pension transfers after 5 April 2006:
http://www.gomatilda.com/news/article.cfm?articleid=376
http://www.gomatilda.com/news/article.cfm?articleid=386
In other words there is now more to it than you were perhaps expecting ...
Best regards.
http://www.gomatilda.com/news/article.cfm?articleid=376
http://www.gomatilda.com/news/article.cfm?articleid=386
In other words there is now more to it than you were perhaps expecting ...
Best regards.
Originally Posted by neil&momo
Hi Ali,
I am in the process of moving my NHS pension to Hesta fund. I haven't used a finacial advisor!! You complete a form that the pension agency you are with in Australia give you and basically send it back and the pension scheme sorts it!! Saying that it hasn't come over yet!! I sent it off about May time. Advisors charge for bringing it over. My friend is being charged 3%. Hope this helps!
Marie
I am in the process of moving my NHS pension to Hesta fund. I haven't used a finacial advisor!! You complete a form that the pension agency you are with in Australia give you and basically send it back and the pension scheme sorts it!! Saying that it hasn't come over yet!! I sent it off about May time. Advisors charge for bringing it over. My friend is being charged 3%. Hope this helps!
Marie
