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stretchio
Joined: 14 Mar 2007
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 Posted: Wed Aug 08, 2007 12:48 am Post subject: pension |
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hey there.
im having a few problmes at my hagwon at the moment. they are saying that i have to pay money into a pension fund, which i have argued as im a british citizen! i was under the impression, british citizens do not need to pay anything in a pension fund..... also, they are saying they will match what i put in, but i dont get to keep their contributions, only the money i put in will be refunded. Basicall, i just want to avoid the whole thing. Am i right in thinking im not eligible to pay as im British?
any help wud be much appreciated
thanks
john |
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butlerian
Joined: 04 Sep 2006
Location: Korea
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| Posted: Wed Aug 08, 2007 12:56 am Post subject: Re: pension |
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| stretchio wrote: |
hey there.
im having a few problmes at my hagwon at the moment. they are saying that i have to pay money into a pension fund, which i have argued as im a british citizen! i was under the impression, british citizens do not need to pay anything in a pension fund..... also, they are saying they will match what i put in, but i dont get to keep their contributions, only the money i put in will be refunded. Basicall, i just want to avoid the whole thing. Am i right in thinking im not eligible to pay as im British?
any help wud be much appreciated
thanks
john |
You have to pay. British citizens have to pay, and then there is an agreement that the money will be transferred to the UK when you reach retirement age. |
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stretchio
Joined: 14 Mar 2007
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| Posted: Wed Aug 08, 2007 1:02 am Post subject: |
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| so i get the money back when im 60? im sure that cant be tue |
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butlerian
Joined: 04 Sep 2006
Location: Korea
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| Posted: Wed Aug 08, 2007 1:06 am Post subject: |
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| stretchio wrote: |
| so i get the money back when im 60? im sure that cant be tue |
It is - assuming the agreement is still in place at that time. |
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