moving abroad

djmagic

im thinking of moving to turkey and have a pension with hsbc.
im 44 and have 10 years left toi pay .
the fund is worth little in the grand scheme of things.
my question is if im unable to pay money in to it due to my income being reduced what can i do..
reduse the amount?
take a break untill such times i can contine payments?
transfer the pension to turkay?
can i sell it ?

your thought please..

edit*** i am self employed***

atush

You can't sell it or cash it. I am not sure you can keep contributing to it once you have left (as it has tax relief).

Will you ever move back to the UK? Will you stay in Turkey? What pension savings options will your new job in Turkey have?

You can contribute up to 100% of your salary into the pension before you leave then let it 'freeze' be Paid up' while you are gone. No matter where you retire I would probably leave it there unless charges are onerous.

You might also open Cash ISA before you go if you haven't already as once you are gone you can't.

Keep at least one UK current acct and one savings acct open and sign up for internet banking NOW.