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Pension advise
swayze
Posts: 229 Forumite
I've been contributing to my pension for the last several months now but the news came through recently that I have been made redundant. Tbh i'm not to disheartened and I didn't enjoy the job that much and i'm now seriously considering going to Canada for a while.
Anyway as I'm hopefully going to Canada what will happen to my pension? Is it just frozen? Do I have to withdraw it? Do I still have to make contributions?
Do I have to transfer it to a specific account for pensions - are there specific accounts to put pensions in when you travel abroad for a certain period of time?
My pension is currently with Freinds Provident if that helps.
Thanks
Anyway as I'm hopefully going to Canada what will happen to my pension? Is it just frozen? Do I have to withdraw it? Do I still have to make contributions?
Do I have to transfer it to a specific account for pensions - are there specific accounts to put pensions in when you travel abroad for a certain period of time?
My pension is currently with Freinds Provident if that helps.
Thanks
0
Comments
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You can usually just suspend contributions for a while. The pension will remain invested and should benefit from recovery down the track. You can reactivate it on your return.Trying to keep it simple...
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