British Expats - UK Pensions

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sinead80

Sep 12th 2008 9:21 pm

UK Pensions

Can my husband cash in his pension within the uk. He currently has a pension worth Â£14000 but with us planning on moving to Oz by feb 2010 we were wondering if it is worthwhile doing it.
Any advice would be greatly appreciated

ABCDiamond

Sep 12th 2008 10:07 pm

Re: UK Pensions

It depends on his age.

I checked mine with my Pension Company and I have the details somewhere.

Ask them what the options are.

You can also transfer the pension to an Australian company.

sj oldfield

Sep 12th 2008 10:18 pm

Re: UK Pensions

Quote:

Originally Posted by ABCDiamond (Post 6779347)

It depends on his age.

I checked mine with my Pension Company and I have the details somewhere.

Ask them what the options are.

You can also transfer the pension to an Australian company.

My OH has a very small Uk pension (about 7k), and it is depreciating every year. Spoke to someone about bringing it over to add to his super here and they wanted $4000.00 to do it!!!!

sinead80

Sep 13th 2008 1:58 am

Re: UK Pensions

My OH is 34 and his pension is with the ministry of defence and Babcock Marine.we have been told he would lose a certain amount of money if he wishes to cash it in or we could lock it in here and get it when he turns 55.

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