What to do with your UK pension

ID #3625

What type of UK Pensions are there that i should consider when immigrating to South Africa?

There are over 20 UK pensions. You will probably have the UK Basic State Pension, Additional UK State Pension and maybe either a Personal or Company Pension.

When immigrating to South Africa you will need to get advice on each of these individually and also in terms of what is the best collective solution.

There are various issues to consider such as tax treatment, available lump sum, when they can be vested etc - all of which will be effected if you do not review your pension arrangements. 

For further and information and to obtain specific advice contact andrew@incompass.co.za or visit www.incompass.co.za 

 

Please note this advice relates to UK pension holders who are immigrating or moving to South Africa or have already immigrated or moved to South Africa.

Disclaimer: The information contained on this site provides only general guidance and does not constitute financial advice. You should not rely on this information to make (or refrain from making) any decisions. For advice tailored to your own particular situation, always seek independent advice from an expert or professional. In money matters, the answer to many FAQ will be “it depends.” It depends upon circumstances and what you would like to achieve so always seek independent financial advice from someone with a full understanding of your situation and the tax and legal systems that apply. Contact Incompass on andrew@incompass.co.za  or visit their website here.

Tags: what types of uk pensions

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Last update: 2009-11-25 12:38
Author: claus lauter
Revision: 1.1

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