British Expats - Career break or resignation?

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- - Career break or resignation? (https://britishexpats.com/forum/police-79/career-break-resignation-635367/)

Pincher

Oct 12th 2009 9:58 am

Career break or resignation?

I just wondered what peoples plans were for emigrating, career break or straight forward resignation? I'm not decided. A break gives me a safety net should I wish to return, but resignation gives me access to my pension, which according to Canadian law, will allow me to take some of it as a deposit for a house. Any opinions?:blink:

widzers

Oct 12th 2009 11:50 am

Re: Career break or resignation?

Quote:

Originally Posted by Pincher (Post 8011297)

I'm joining SAPOL in April 2010, I applied for a career break but it got refused as I was going to work for another organisation. It doesn't really change things, I'm still going. I know some UK Police Forces do give them so maybe worth applying for one anyway....

Paul

Ashleyg

Oct 12th 2009 1:30 pm

Re: Career break or resignation?

You cannot access your pension for a few years after you emigrate or the UK tax man takes around 40% - there is a threat on the issue.

I don't have the option of a career break so it will be resignation for me, if I get offered a job!

nige1521

Oct 12th 2009 11:55 pm

Re: Career break or resignation?

Hi all,

I intend to take a career break, as a preferential re-join. Another officer from my force has just gone out to CPS and was allowed the CB.

Re. the pension, you can transfer your police pension to a recognised scheme in Canada as listed on the below:
http://www.hmrc.gov.uk/PENSIONSCHEMES/qrops.pdf

Nige

ExMetCop

Oct 13th 2009 4:46 am

Re: Career break or resignation?

Quote:

Originally Posted by Pincher (Post 8011297)

I took a career break ( 5 years) which is coming to an end. I can still access my pension after that. Nothing beats teh security of knowing I have a job to go back to.

ann m

Oct 13th 2009 9:22 am

Re: Career break or resignation?

Quote:

Originally Posted by ExMetCop (Post 8013354)

Nothing beats teh security of knowing I have a job to go back to.

Amen to that. I think - if you can take one , then take it. Some forces are very anti - and some are OK. Give it a go and see what happens.

MR MOM

Nov 3rd 2009 4:23 am

Re: Career break or resignation?

You can access funds from your pension and not pay any UK tax.This depends on a few factors such as what you are using it for. There is a pension advisor doing the rounds who is misinformed and scaremongering regarding paying tax.
Make sure you know who you are dealing with regarding pension transfer and thet they have a proven track record. Its not as simple as it sounds.

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