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Pension fund
Dodgysailor
Posts: 181 Forumite
Hi all,
A friend of mine, Portuguese, worked in the Uk for about 10 years and moved back to Portugal about 8 years ago because of her mum's poor health.
He is wondering if he could get his hands into his UK pension pot since he desperately needs the money. He is not retired yet and is 55 years old
Any thoughts?
1
Comments
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at 55 most pensions are available to access.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Thanks!. How can he access them?0
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Contact the pension administrator. What are the details of the pension?0
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As far as I know he had state pension.0
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There is no personal pot with the state pension. The state pension cannot be accessed until the official state pension age.0
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I don't think you can excess the state pension until you are state pension age!
https://www.ageuk.org.uk/globalassets/age-uk/documents/information-guides/ageukig53_state_pension_inf.pdf
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If she was working here she could have a work pension as well as the state pension. Perhaps contact the company and ask them, or having a look at any old payslips?
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Check the payslips to see if deduction were made to company / private pension0
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Thanks all. I will come back to him with your views0
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They should look at their state pension record. You need 10 years to get anything, they might be just short and I think you have the option of making additional contributions from abroad (I’m not sure and not doing the research myself). Make up one or two missing years and they could be getting a bit of SP from SP age.0
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