📨 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!

NHS Pension, moving to Ireland

Any advice on moving abroad and bringing/transferring NHS Pension to HSE( Health Service in Ireland)?
I have over 4 years of paying into NHS pension scheme, after opting out previously (total NHS service >6years).
Reading through the opt-out info, not clear if should opt-out or try transfer into Irish scheme. 
Any advice would be very useful.
Thanks

Comments

  • bolwin1
    bolwin1 Posts: 280 Forumite
    Eighth Anniversary 100 Posts Name Dropper
    Are you moving to the Republic Of Ireland, or Northern Ireland ? You can't move your NHS pension to Republic Of Ireland. https://www.onlinemoneyadvisor.co.uk/pensions/pension-transfers/transfer-uk-pension-to-ireland/
  • Andy_L
    Andy_L Posts: 13,029 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    As the HSE scheme is, like the NHS scheme, a defined benefit pension then, if it is registered with HMRC as a "Qualifying Recognised Overseas Pension Scheme" (QROPS) then you can transfer.
    https://www.nhsbsa.nhs.uk/member-hub/leaving-or-taking-break-scheme.

    If that is the case then get a valuation & see what HSE offer compared to leaving it where it is
  • xylophone
    xylophone Posts: 45,642 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I think that the OP should check with the administrators of his new DB pension whether or not they will accept a transfer in.

    He refers to the HSE (which is on the QROPS list) but would he actually be joining the 
     SPSPS?
    https://www.hse.ie/eng/staff/benefitsservices/pension-management/single-scheme/

    11. Can I purchase additional Single Scheme pension/lump sum entitlements, and can I transfer pension entitlements from other pension schemes into the Single Scheme? 

    A facility will be provided in future Regulations to allow Single Scheme members to purchase referable amounts and/or transfer pension entitlements accrued in certain other pension schemes to boost their Single Scheme pension entitlements, subject to certain terms and conditions. 

    Public servants with preserved pension and lump sum benefits in pre-existing public service pension schemes will continue to have access to those benefits on reaching the prescribed ages in those schemes. Accordingly, it is expected that these pension entitlements from pre-existing public service schemes will not be transferable into the Single Scheme. 

    And if he is joining HSE, does it accept transfers in?

Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.