Transferring of pension???
#1
Forum Regular
Thread Starter
Joined: Feb 2008
Posts: 43
Transferring of pension???
Hello All
I am a Nurse and my Wife is a Police officer and we are hoping to Emigrate soon to Queensland.
My question is what is the process like to transfer our pensions over, straightforward or a nightmare??
Also has anyone any experiances or would recommend using Pension Transfers Direct or something similar?
thanks in advance
Allan.
I am a Nurse and my Wife is a Police officer and we are hoping to Emigrate soon to Queensland.
My question is what is the process like to transfer our pensions over, straightforward or a nightmare??
Also has anyone any experiances or would recommend using Pension Transfers Direct or something similar?
thanks in advance
Allan.
#2
Auntie Fa
Joined: Nov 2006
Location: Seattle
Posts: 7,344
Re: Transferring of pension???
I've been advised that I can transfer them in, but I can't transfer them out, so if we leave Aus they will have to stay put. I haven't lived in the UK since 2002 so I figure mine can stay put a bit longer.
#3
Re: Transferring of pension???
Yup once they are here they hang on to it with steel claws.
You may want to get independent and expert financial advice about the pros and cons of transferring if you have final salary schemes. It may be better to leave them where they are. And dont do it until that last minute that you get the tax benefits just in case you hate it here (6 months?)
You may want to get independent and expert financial advice about the pros and cons of transferring if you have final salary schemes. It may be better to leave them where they are. And dont do it until that last minute that you get the tax benefits just in case you hate it here (6 months?)
#4
BE Enthusiast
Joined: Mar 2008
Posts: 534
Re: Transferring of pension???
There have been a fair few threads about this - I'd recommend you do a search for them.
I can't remember any of the thread names, but I have posted on several of them, so you could search out my posts.....
I can't remember any of the thread names, but I have posted on several of them, so you could search out my posts.....