What Happens to your Uk Pensions fund when you leave
Jan 19th 2006, 7:22 am
#1
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What Happens to your Uk Pensions fund when you leave
We are looking to leave the uk hopefully later this year. I am 36 and have been paying into the uk government pension scheme for the last 22 years. I also have my own personal pension scheme which I know I can transfer to an oz pension.
However my concern is what happens to the 22 years of contribution in the state pension. I noticed that the International Social Security Agreements Australia end in 2001 so dose this mean these funds can not be transferred and more importantly are they lost
Many thanks
Jon
However my concern is what happens to the 22 years of contribution in the state pension. I noticed that the International Social Security Agreements Australia end in 2001 so dose this mean these funds can not be transferred and more importantly are they lost
Many thanks
Jon
Jan 19th 2006, 7:40 am
#2
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Re: What Happens to your Uk Pensions fund when you leave
Originally Posted by jonjon
We are looking to leave the uk hopefully later this year. I am 36 and have been paying into the uk government pension scheme for the last 22 years. I also have my own personal pension scheme which I know I can transfer to an oz pension.
However my concern is what happens to the 22 years of contribution in the state pension. I noticed that the International Social Security Agreements Australia end in 2001 so dose this mean these funds can not be transferred and more importantly are they lost
Many thanks
Jon
However my concern is what happens to the 22 years of contribution in the state pension. I noticed that the International Social Security Agreements Australia end in 2001 so dose this mean these funds can not be transferred and more importantly are they lost
Many thanks
Jon
Jan 19th 2006, 7:55 am
#3
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Re: What Happens to your Uk Pensions fund when you leave
Originally Posted by ABCDiamond
It isn't lost, you will get the going rate when you become eligible, but it will be frozen at that rate whilst you live in Australia. Unless of course the rules change by then
