Pension

[pjc1973 0]

I have been paying into a UK pension fund since I have been working in the UK. I have given notice of my job in the UK and fly out to the US on the April 2 and get married April 27. When I find myself a job in the US I will obviously want to transfer my UK pension fund over to any US based pension fund that may be offered to me when I start employment out there.

Does anyone have any experience of going about this?

Thanks

Pete

[Fandango 1,439]

I don't know, but it's a great question as me & D have no clue what to do with his either.

[Kathryn41 3,205]

I know that when I looked to do the same thing with my Canadian pension that I was not able to do so - it just wasn't an option. So, I have left my pensions (two separate employment ones) in Canada. When I retire, I will have at least 3 non-personal sources of pension income from outside of the country.

[pjc1973 0]

I don't know, but it's a great question as me & D have no clue what to do with his either.

Found this link with some infomation on what's possible. Thought you might find it useful too.

Cheers

Pete

http://money.uk.msn.com/Planning/Pension/S...cumentid=144304

[perfect 39]

When I asked about this both of my UK pension company and of my US company I was told this was not possible.

[Kez/JWolf 6]

I asked both my UK pension companies about doing just that and I too was told not possible.... would love to hear from anybody who has managed to transfer a UK pension to the US...

Kez

[Mark UK 3]

I asked both my UK pension companies about doing just that and I too was told not possible.... would love to hear from anybody who has managed to transfer a UK pension to the US...

Kez

I've been told that it is possible to transfer a private pension/investment plan to the US.

I have an investment plan - I wasn't old enough to be considered for a pension plan by my employer - in the UK which I stopped paying into when I left in October. The company I'm with in the US offer a 401(k) scheme and I asked the plan administrator about moving it over. I'm in the process of doing so now. Basically, I transfer my UK investment plan to a US-based IRA (because I want to cash some of it out to kit out our house) and then into a 401(k).

Apparently, this is possible. You have to ask your UK plan administrator for the 'distribution paperwork'.

Mark

[Mark UK 3]

*edited because my PC sent the same thing twice*

Edited March 5, 2007 by Mark UK

[Kez/JWolf 6]

Yes you can do it for a Private pension but not for a pension plan done through your UK employer.... I have tried and was told nope cant be done... I now have 2 pension plans that are sitting frozen in the UK that I will claim when I reach 65..

Kez

[Mark UK 3]

Yes you can do it for a Private pension but not for a pension plan done through your UK employer.... I have tried and was told nope cant be done... I now have 2 pension plans that are sitting frozen in the UK that I will claim when I reach 65..

Kez

My pension/investment plan was done through my UK employer. However, I wouldn't be surprised to hear it was outsourced and therefore classed as a 'Private' pension.