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  #1 (permalink)  
Old 06-01-2005, 05:33 AM
Darran
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Hi,
Yet another questions, has anyone seeked financial advice regarding pensions, avc's etc. Is it best to transfer to NZ or leave them in the UK?

Darran
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Old 03-02-2005, 05:28 AM
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I am also trying to work the pension thing out. I am in the tachers pension scheme and think i can transfer it.but what to in nz i don't know? Can anyone out there help?

fisheress
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Old 03-02-2005, 11:06 AM
Taffy
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Hi,

I think pensions are quite a personal thing and are quite different for every person. I would strongly recommend you seek professional financial advice before making any decisions as I dont think there is any generic answer for this kind of topic.
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Old 04-02-2005, 06:14 AM
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Thanks Taffy.I was afraid that might be the answer! My pension scheme have been rather unhelpful by sending out their blanket info. Will need to search again for the answers
Ta Fisheress
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Old 04-02-2005, 06:26 AM
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Darran
Have just stumbled across Britannia Financial Services website. They claim they transfer UK pensions to NZ and have a list of UK schemes they've done this with. You can as for an online assessment and they show you the process.....don't know if it is better to transfer or leave in Uk

Fisheress
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Old 27-03-2005, 09:39 AM
Monkey
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Fisheress
Was very interested in what you have said regarding the Teachers Pension Scheme. I am also a teacher and am just beginning to look seriously at the possibility of moving to NZ. Would be very interested to here whether it is better to leave it or to transfer.
If I find anything out I'll post here. Would you do the same also?
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Old 31-03-2005, 03:47 AM
fisheress
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Great news Monkey!

The NZ govt have set up a new pension scheme called the state sector retirement savings scheme. I have emailed them to see if I can transfer my UK teacher's pension and they said yes and that I can then continue to contribute thereafter! I have emailed the UK Teacher's Pension Scheme and asked if I can transfer my pension directly to this and they said yes!

This is great news as doing it the Britannia way it has to be converted to a personal pension ( probably worth nothing) and they take 5% for their labour.

Other good news is that as I am transfering sterling, it should be worth a lot in NZ dollars, either that or buy extra years!!

If I find out any more, I'll post it!

Fisheress
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Old 31-03-2005, 04:36 AM
nessie
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Fisherness

That's great. Any chance you can let us have the email address as i need to do the same.
Cheers

:icon_cool:
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Old 31-03-2005, 04:54 AM
Monkey
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Fisheress

Thanks very much for the information, very good news indeed!
Clearly this is the way to go. Thanks very much for posting!

The possibilty that it may buy more years will be such a bonus! Yet another reason to make the move!

Thanks again Fisheress, you've made my day.
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Old 31-03-2005, 08:29 PM
fisheress
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Nessie!

email address for UK scheme TPMail@Capita.co.uk

email address for NZ scheme tjene.tedeschi@ssc.govt.nz

If these dont work, I just filled in the feedback/questions email on the websites.

Hope you have some luck!!

Fisheress
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