Korean Job Discussion Forums

[one take]

Can you claim back your pension payments if you are from the UK or Ireland or is it the same as the tax situation wherby we can`t claim it back.

[nobbyken]

I don't know the full legal stuff, but I think there is an agreement between ROK and the UK over pension contributions getting transferred, but not refunded as US or Canada.

There was a post recently (within the last month, I think!), that stated what the options were.

[rhinocharge64]

Yep, the above poster is correct. Your contributions will be transferred, and you will be able to collect at 70 yrs of age if your lucky. My guess is I will never see a penny of it, it will go to those who will have not made there own provisions for their retirement.

[nobbyken]

Yeah, try this link to a previous post:

http://www.eslcafe.com/forums/korea/viewtopic.php?t=81929

[one take]

Are the pension payments compulsory or can you opt out of them.

[rhinocharge64]

No it's is official, you have to pay pension, it's mandatory. You're damed if you do, or your damed iff you don't. The U.K. turns you over where ever your at!!!

[mrsquirrel]

I still haven't worked out how to tell the UK that I've got this money to transfer to my NI contributions back home.

[patongpanda]

So how do I go about transferring the money back to the UK?

I don't even know my National Insurance number?