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Gary-Korea
Joined: 23 Apr 2009
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 Posted: Sat May 28, 2011 8:56 am Post subject: Korean pension for UK citizens |
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Hi there,
Recently I completed a two year stint teaching English in South Korea. I'm a British resident and now I've returned home. I was wondering if anyone knows if there is any chance I can get hold of the cash that is in my Korean pension? I've heard a rumour we could have this sent to the UK as NI contributions but elsewhere I've also read that this isn't true.
Does anyone have an update on the situation at all?
Cheers |
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Gary-Korea
Joined: 23 Apr 2009
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| Posted: Mon May 30, 2011 11:20 am Post subject: |
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| Can anyone help? |
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morrisonhotel
Joined: 18 Jul 2009
Location: Gyeonggi-do
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| Posted: Mon May 30, 2011 2:43 pm Post subject: |
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| As far as I'm aware, you're SOL at the moment. The sending the pension to your UK pension pot is, according to the DWP, false - it can't be done. |
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Malislamusrex
Joined: 01 Feb 2010
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| Posted: Mon May 30, 2011 5:14 pm Post subject: |
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| You will have to see about claiming your pension in Korea at retirement age. |
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ZIFA
Joined: 23 Feb 2011
Location: Dici che il fiume..Trova la via al mare
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| Posted: Tue May 31, 2011 9:03 am Post subject: |
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| Malislamusrex wrote: |
| You will have to see about claiming your pension in Korea at retirement age. |
Yeah. at a rate of 200.000W per month.
To be collected in person. |
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Malislamusrex
Joined: 01 Feb 2010
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| Posted: Tue May 31, 2011 7:31 pm Post subject: |
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I think all pension scheme's are BS, people should be allowed to take their money and invest it how they see fit.
| ZIFA wrote: |
| Malislamusrex wrote: |
| You will have to see about claiming your pension in Korea at retirement age. |
Yeah. at a rate of 200.000W per month.
To be collected in person. |
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