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
Final Salary Closed Pension Transfer
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.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards