hi just asking if anyone knows i worked for a local authority for 4 years and was in their pension i am in the process of migrating to oz i have been left the pension for about 5 yearsand not paid into it since i left i wanted to know if i could take out the money i had paid into it over that period if anyone can help please

Andy

No you can't unfortunatey except in some schemes where you have been in the scheme for less than two years. You may be able to transfer to a new provider overseas if you have one.

i just thought it was my money i paid in so i should be able to take just the money i paid into it

Andy

Pension schemes dont work like that !!! I have a BA pension which is in a similar position.

Although you have not paid into it for a while it will still be growing.

Once you have moved and are settled in a reputable scheme here then request to transfer it over into your new Oz scheme (assuming you plan to stay here).

Andy,

In addition, you need to be aware that when it comes to transferring your pension from the UK to Australia, the receiving fund will need to have QROP status, otherwise you will be hit with a big tax bill from the UK !!

I believe I am correct in saying that this is due to new UK legislation which came in this year.

Regards,

Chorlton