Pension transfer from oversea employer

john1860

Hi,

I have 6 years pension rights accumulated from my previous overseas employer.
I have been told that I can have a "transfer out" but the conditions below must be met.
Does anyone have any advice on the the best (most secure) private pension scheme/company in the UK? I don't want to loose my contributions if the stock market crashes.
1 The capital will not be repaid;
2 Monthly income will be paid from age 60 at the earliest, and age 65 at the latest;
3 Provisions are included for reversion or survivors' pensions;
Many thanks!

dunstonh

Does anyone have any advice on the the best (most secure) private pension scheme/company in the UK?

What do you mean by secure?
What country are your pensions based in?

I don't want to loose my contributions if the stock market crashes.

There is no if when it comes to stockmarket crashes. It is when. They are frequent and quite normal and required. Failure to include equities introduces other risks which can be more damaging in the long run.

1 The capital will not be repaid;
2 Monthly income will be paid from age 60 at the earliest, and age 65 at the latest;
3 Provisions are included for reversion or survivors' pensions;

Dont worry about the decumulation stage of retirement planning at this stage. You decide those things later. You are in the accumulation stage.

sandsy

Is this a defined contribution or defined benefit pension?
Which country is it from?
Overseas transfers on a scheme to scheme basis are rare except for QROPS.
What tax considerations are there for cashing it in?
Are you resident in the UK now?

xylophone

https://www.aegon.co.uk/support/faq/pension-technical/Overseas-transfers-in.html

Above is of recent date.



http://www.legalandgeneral.com/library/pensions/technical-information/Transfers_from_Overseas.pdf

may be worth a look although it is from five years ago.