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le-paul
Joined: 07 Apr 2009
Location: dans la chambre
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 Posted: Wed Apr 16, 2014 6:55 am Post subject: Teachers pension scheme? |
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This question applies mostly to people from the UK (as far as I know) because Americans get the refund.
Does anyone know anything about the pension scheme where people can pay in and receive a refund which can then be used to pay into our own national pension back home?
All I know is its not the same as the governments so it may give me the option to opt out?
Thanks |
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Lucas
Joined: 11 Sep 2012
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| Posted: Wed Apr 16, 2014 3:13 pm Post subject: |
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I called them last month. I am from the UK.
I got a 100% definitive answer which was you can only claim the pension, being a UK citizen, once you have reached (over 60? or 62? ) and IF you have worked in Korea for 10+ years!
If the answer to these questions are yes and yes you can, somehow have the K government pay a monthly pension into a UK account.
So you've only got another 20+ years to go Le-Paul!
UK pensions in the next 20 years are going to go downhill fast, so you should start planning and SAVING now! |
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le-paul
Joined: 07 Apr 2009
Location: dans la chambre
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| Posted: Wed Apr 16, 2014 6:16 pm Post subject: |
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| Lucas wrote: |
I called them last month. I am from the UK.
I got a 100% definitive answer which was you can only claim the pension, being a UK citizen, once you have reached (over 60? or 62? ) and IF you have worked in Korea for 10+ years!
If the answer to these questions are yes and yes you can, somehow have the K government pay a monthly pension into a UK account.
So you've only got another 20+ years to go Le-Paul!
UK pensions in the next 20 years are going to go downhill fast, so you should start planning and SAVING now! |
Cheers Lucas (I know youre from the UK  ).
I knew it was a waste paying into the uk scheme but I hadnt realised it was getting that bad. its a pain in the arse from here trying to get a pension. When ai went home and asked last time, they said i couldn't even pay into a private pension if I had been outside of the uk for more than a year.
And thanks for the info on the korean side.
I suppose our only option is to stay here, and claim it when we retire to play 'Go' in the park everyday  |
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Lucas
Joined: 11 Sep 2012
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| Posted: Wed Apr 16, 2014 7:33 pm Post subject: |
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| I suppose our only option is to stay here, and claim it when we retire to play 'Go' in the park everyday |
I will be leaving before I hit the 10 year mark!
I am fortunate enough to have learnt how to pickle vegetables since I've lived in Korea and collect cardboard and scrap in my spare time.
I plan to take these life skills with me to the UK in the near future and compete against the Romanians and Poles in the re-cycling industry. |
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le-paul
Joined: 07 Apr 2009
Location: dans la chambre
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| Posted: Wed Apr 16, 2014 9:07 pm Post subject: |
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| wiping old peoples bums is also a useful skill if you want to compete against em'. |
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drydell
Joined: 01 Oct 2009
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| Posted: Thu Apr 17, 2014 6:41 am Post subject: |
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| Lucas wrote: |
I called them last month. I am from the UK.
I got a 100% definitive answer which was you can only claim the pension, being a UK citizen, once you have reached (over 60? or 62? ) and IF you have worked in Korea for 10+ years!
If the answer to these questions are yes and yes you can, somehow have the K government pay a monthly pension into a UK account.
So you've only got another 20+ years to go Le-Paul!
UK pensions in the next 20 years are going to go downhill fast, so you should start planning and SAVING now! |
Would the 100% definitive answer be different if you spoke to a different person tho? Only cos I heard that you can claim it after 5 continuous years at same place?...unlike the govt pension for UK peeps |
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le-paul
Joined: 07 Apr 2009
Location: dans la chambre
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Feebie
Joined: 16 Nov 2013
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| Posted: Thu Apr 17, 2014 8:20 am Post subject: |
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| drydell wrote: |
| Lucas wrote: |
I called them last month. I am from the UK.
I got a 100% definitive answer which was you can only claim the pension, being a UK citizen, once you have reached (over 60? or 62? ) and IF you have worked in Korea for 10+ years!
If the answer to these questions are yes and yes you can, somehow have the K government pay a monthly pension into a UK account.
So you've only got another 20+ years to go Le-Paul!
UK pensions in the next 20 years are going to go downhill fast, so you should start planning and SAVING now! |
Would the 100% definitive answer be different if you spoke to a different person tho? Only cos I heard that you can claim it after 5 continuous years at same place?...unlike the govt pension for UK peeps |
Are you maybe mixing up the National pension and the private teacher's pension? The latter can be clawed back if you manage at least a year in the scheme, regardless of nationality. |
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Lucas
Joined: 11 Sep 2012
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| Posted: Thu Apr 17, 2014 3:18 pm Post subject: |
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| Are you maybe mixing up the National pension and the private teacher's pension? The latter can be clawed back if you manage at least a year in the scheme, regardless of nationality. |
I dunno, I think the best thing for me to do is to go in person before I go home and speak to an 'expert' in the matter. |
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