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Axl Rose
Joined: 16 Feb 2006
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 Posted: Tue Apr 15, 2008 9:18 pm Post subject: How do you transfer Korean pension to UK? |
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| Anyone know? Searched the site for over an hour and didn't find an answer to the question directly. The Korean National Pension Service says nothing whatsoever (unless I didn't see it) |
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loose_ends
Joined: 23 Jul 2007
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| Posted: Wed Apr 16, 2008 2:28 am Post subject: Re: How do you transfer Korean pension to UK? |
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| Axl Rose wrote: |
| Anyone know? Searched the site for over an hour and didn't find an answer to the question directly. The Korean National Pension Service says nothing whatsoever (unless I didn't see it) |
I am pretty sure you can't.
Korea needs to have an agreement with each country, UK (to my best judgement) does not have one.
Sorry, your pension remains here. |
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PokerZero
Joined: 30 Apr 2006
Location: theultimatetrek.com/forum
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| Posted: Wed Apr 16, 2008 2:57 am Post subject: |
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I thought that you could somehow get the contributions added to your UK state pension but I may be wrong.
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Pension status for citizens of the U.K.
Unlike the US and Canada, Korea and the UK have only agreed to a 'contribution only' convention, at this time. What this means to UK citizens working in Korea, is that your Korean pension contributions can be added to your accruing pension credits in the UK, of which you can begin to receive when you retire in that country.
Galbijim says:
Make sure that you collect paystubs every pay period that clearly show your deductions. There are some employers out there that will try to avoid paying pension. When nearing the end of your contract, make sure that you contact a local Pension office with your ARC, contract, and paystubs, so they can determine if your employer has been contributing the proper amount. Don't leave this too late, just in case there is a discrepancy that you need to resolve with your employer. |
http://wiki.galbijim.com/Korean_pension_plan#Pension_status_for_citizens_of_the_U.K.
If you haven't already you could try contacting your local pension office or perhaps email the UK service?
http://www.thepensionservice.gov.uk/ |
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mrsquirrel
Joined: 13 Dec 2006
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| Posted: Wed Apr 16, 2008 5:04 am Post subject: |
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I've heard this time and time again.
I haven't worked out how to do it or how to prove to the UK office that I have paid in Korea.
It mentions it somewhere on the UK website about the agreement. |
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