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philinkorea
Joined: 27 Jan 2003
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 Posted: Thu Mar 24, 2005 5:46 pm Post subject: How do I get my pension back? |
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Im a British teacher (dont know if nationality effects). Anyway, about to finish my second year here, need to sort out my pension stuff. Can someone tell me where to go, what to do etc
would much appreciate
cheers |
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Grotto
Joined: 21 Mar 2004
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| Posted: Thu Mar 24, 2005 8:25 pm Post subject: |
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| I dont know if Brits can get their pension back. I know Canadians and Americans can but am unsure about other nationalities. |
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schwa
Joined: 18 Jan 2003
Location: Yap
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| Posted: Thu Mar 24, 2005 9:09 pm Post subject: |
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Sorry Phil. According to EFL-Law:
The U.K. has negotiated a contribution only agreement. This means that a foreigner from the U.K. who is employed in Korea may benefit from the elimination of dual coverage, but will not get a lump sum refund. |
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JacktheCat
Joined: 08 May 2004
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| Posted: Thu Mar 24, 2005 10:37 pm Post subject: |
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As I recall, only Americans and Canadians can get their pension money back.
And Americans don't have to pay taxes on it!
It's good to be American.  |
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philinkorea
Joined: 27 Jan 2003
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| Posted: Sat Mar 26, 2005 1:31 am Post subject: |
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| actually i spoke to my boss, he seemed to think its possible. ive been lead to believe americans and canadians get a lump sum but the brits get the money just put into the state pension in england??????????? |
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