We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Retiring to non EU - private pension frozen?
Paulrm71
Posts: 55 Forumite
I am going to retire abroad to a non EU country in the not too distant future. I understand that the State pension will be frozen from the moment I start drawing it, but would this also apply to private pensions? My main pension will be from LGPS with a small DB pension from Aviva.
Many thanks
Paul
Many thanks
Paul
0
Comments
-
I can't speak for Aviva, but your LGPS pension will certainly be fully index linked.0
-
I am going to retire abroad to a non EU country in the not too distant future. I understand that the State pension will be frozen from the moment I start drawing it, but would this also apply to private pensions? My main pension will be from LGPS with a small DB pension from Aviva.
Many thanks
Paul
Whether your SP is frozen depends on which country you retire to. Some non-EU countries have mutual agreements with the UK. See here.
Your private pension shouldnt be affected unless there is something specific in the small print, which seems pretty unlikely. If the private pension is index linked it should continue to rise with UK inflation.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.2K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards
