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Advice on Pension please

  • 23-05-2017 10:06am
    #1
    SwordofLight
    Registered Users, Registered Users 2 Posts: 350 ✭✭


    Hi there,
    I have worked in England the past 6 years and am about to return home, possibly foolishly lol
    Previous to this I was self-employed in Ireland for around 7 years and worked with various companies before that for around 7 years.
    I haven't really started to think about pension until recently -  growing old now lol
    I am aware a lot of people collect pensions from the UK and Irish state pensions, but how much of this is myth? Especially now with Brexit will they be cracking down on it. I'm seriously thinking of cashing it in here bfore I leave, I would get around £900 I think which might help with rent and bills when I get home.
    Any advice? TY


Comments

  • #2
    LegacyUser
    Registered Users, Registered Users 2 Posts: 166,026 ✭✭✭✭LegacyUser


    If you have pension with your present job in the Uk you may not be able to access the funds untill you are at least 50. The Uk have made a lot of changes to their persion rules in the past few years. You would need to speak to some one in your hr deparment about this.
    If you can't access these funds you can leave them and acess them at a later date. Just get deatils of this pension and keep this paper work until that date.

    If you have been working in he Uk for the past number of years this will be taken into consideration in regards to your stamps towards a pension. I would ring the inland revenue in the uk and ask them what is the position in regards to the National Insurance payments you have made in the Uk over the past 6 years.
    Tell them you are moving back to Ireland and ask them who can you speak to in regards to how thses payment will count towards a pension at a later date. I think their is an inland revenue office in Newcastle that deals with this. Bring home any paper work you get from UK revenue in regards to this.

    When you come back to Ireland you should be entitled to a welfare payment until you get work. You need to bring in details of your address in the Uk, you Uk national insurance number. Bring in uk bank statements. Get you present employer to give you a letter to say you work in company abc from x to y date.
    Socail welfare will need to see that you are no longer living and working in the uk. Bring your Irish pps number with you along with any proff of the address you are living at in Ireland. Get your parents to write a letter to say - my son John has moved back to my address of abc on such a date and pervious to this he lived in the uk for 6 years. It will take a few weeks to have this sorted out but you will be back paid from the 3rd date after you claim.

    Good Luck with the move.


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