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Final Salary Closed Pension Transfer
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CynOpt
Posts: 1 Newbie
Hi,
I am trying to emigrate to Australia, and it is generally recommended that you move your pension there within 6 months to avoid a nasty chunk of tax.
However, I have always been under the impression ( can't find paperwork to back this up ) that if I were to transfer out of the Final Salary pension (now closed up) that I had with my employer (I am no longer with them) from 1983 - 1999, I would lose all the employer contributions that were made during that time.
Is this possible?
Also, the scheme from 1999 to 2005 ( when I left ) is now going into the PPF, will I be able to transfer out of that>
Thanks for any help.
I am trying to emigrate to Australia, and it is generally recommended that you move your pension there within 6 months to avoid a nasty chunk of tax.
However, I have always been under the impression ( can't find paperwork to back this up ) that if I were to transfer out of the Final Salary pension (now closed up) that I had with my employer (I am no longer with them) from 1983 - 1999, I would lose all the employer contributions that were made during that time.
Is this possible?
Also, the scheme from 1999 to 2005 ( when I left ) is now going into the PPF, will I be able to transfer out of that>
Thanks for any help.
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