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Leaving in 2 weeks, what to do about pension?, from England

 
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philinkorea



Joined: 27 Jan 2003

PostPosted: Sun Mar 27, 2005 7:35 pm    Post subject: Leaving in 2 weeks, what to do about pension?, from England Reply with quote

That says it all.

Do we actually get anything. I heard people from England dont get a lump sum but get money put into the England state pension. Can someone let me know the deal please
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canukteacher



Joined: 21 Jan 2003
Location: Seoul, Korea

PostPosted: Sun Mar 27, 2005 8:02 pm    Post subject: Reply with quote

http://www.npc.or.kr/eng/enpsk.html?code=./enpsk/a01.html

This is the National Pension Plan site. Rather than rely on misinformation from someone here, have a look. If you can't find an answer I would recommend calling your Embassy.

Good luck!

CT
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eamo



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

PostPosted: Sun Mar 27, 2005 9:10 pm    Post subject: Reply with quote

I'm from the UK and have researched now and then for 4 years if it's possible to get any pension/social security back.

No joy yet.
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JacktheCat



Joined: 08 May 2004

PostPosted: Sun Mar 27, 2005 9:42 pm    Post subject: Reply with quote

Britains (and Aussies and Kiwis) get their pension back in a fashion.

Their pension money is deposited into U.K.'s national pension scheme (pun intended).

They can't get a lump cash payment like Americans and Canadians.

It's all got to do with the various reciprocating agreements Korea has made with foreign countries.
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hypnotist



Joined: 04 Dec 2004
Location: I wish I were a sock

PostPosted: Sun Mar 27, 2005 9:48 pm    Post subject: Reply with quote

If you miss NI contributions you will be invited to make them up later. It isn't at all expensive to do so. See http://www.inlandrevenue.gov.uk/faqs/nicqemp.htm#68.
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