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pension and taxes for brits.....

 
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ratslash



Joined: 08 May 2003

PostPosted: Wed Nov 26, 2003 7:38 pm    Post subject: pension and taxes for brits..... Reply with quote

do you get them back? as in a refund?
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Quin



Joined: 11 Oct 2003

PostPosted: Thu Nov 27, 2003 9:22 pm    Post subject: Reply with quote

No, unfortunately not.
have a look at this website, click on lump sum refund payments, question heading "Who is eligible for a Korean Lump-sum refund?"

http://www.npc.or.kr/social/index_en.html
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Lost Seoul



Joined: 10 Jan 2003

PostPosted: Tue Dec 02, 2003 4:49 am    Post subject: Reply with quote

Also in order for you tax to be properly calculated when (and if) you resume work in the UK you will need to fill in a P85 (assuming you did not fill one on before departing for Korea) and a P86 on returning to Britain.

http://www.inlandrevenue.gov.uk/cnr/r_and_d.htm
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eamo



Joined: 08 Mar 2003
Location: Shepherd's Bush, 1964.

PostPosted: Tue Dec 02, 2003 6:52 pm    Post subject: Reply with quote

I've went through all the hoops to try and get out of losing all this pension money. It can't be done.

UK, Australia, New Zealand, and Ireland do not have the same agreement as the US, Canada and S.A.

I get the feeling it's just that our government simply hasn't got around to it. It sucks.
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