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Moving UK pension into Singapore

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upinthesky

Moving UK pension into Singapore

Post by upinthesky » Thu, 19 Aug 2004 11:07 pm

Hi all,
I am wondering if I can get som help from people who have moved to live and work in Singapore and have transferred their UK pension over.

I am thinking of moving to Singapore to work. I contribute to the UK pension schemes and want to find out how I can transfer my UK pensions and contributions out of the UK into Singapore.

Has anyone done this before? Does anyone know how to do this? Can anyone give me some information on who to contact or where to go to for advice?

Thanks.

upinthesky

Post by upinthesky » Tue, 24 Aug 2004 5:41 pm

To all those UK-ians working permanently in Singapore and planning to retire in Singapore, any information on transferring UK pension into Singapore would be very much appreciated.

I did some research myself, scouring the internet for information. Not very satisfied with the results I get. Some financial institutions in Singapore offer something like annuities and life plans.

But do this work like a pension scheme?

Can I transfer my UK pension money into the CPF here?

Pls help.

Bubbles

Moving UK pension to Singapore

Post by Bubbles » Tue, 24 Aug 2004 10:45 pm

Hi
I have had no direct experience of this, but my advice is, tread very carefully and find out what you can about the situation from the UK end. We have an excellent tax advisor here in the UK who seems to know his stuff on foreign laws....(or knows someone who does).........however, he is certainly NOT cheap to hire.
It is imperative to be above board with the British authorities on tax and pension matters pre, during, and after living anywhere abroad. Unless you are one of the world's lucky people, and can work out all that is needed by even your own government's legal system.....let alone knowing what foreign requirements are......just hire someone who does. It's money well spent.
I well remember trying to get a visa for a maid.......simple thing to do really........and the rigmarole that I had to go through.......days waiting, forms, double or triple sets of advice..........arrgh!!!!!
Best of luck though.

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