NI When leaving the country

NI When leaving the country

Postby ExpatKiwi on Tue Nov 08, 2011 6:06 pm

Hi all,

Hope someone is able to help with this. I have had a look online as well as phoning HMRC and have been told different things.

I am a Kiwi, and have been working inthe UK paying NI for the last 2 years. I will be returning to New Zealand permanently at the end of the year and want to know if I can transfer my NI to a NZ pension scheme or withdraw my NI as cash.
I have been told different things about this, one of which, is I must let HMRC know once I have left the country and keep them updated until I reach pension age at which point they will pay out.. this will be another 45 years....

Any help or advice on this will be greatly appreciated.

Cheers!
ExpatKiwi
 
Posts: 1
Joined: Tue Nov 08, 2011 6:02 pm

Re: NI When leaving the country

Postby RMC on Thu Nov 10, 2011 9:31 am

Sorry no contribution refund or transfer to NZ pension scheme, but, assuming you apply on reaching UK retirement age, you will in all probability receive a small annual pension, but without UK inflationary increases.
The good news is that UK contributions help to qualify for some NZ benefits such as Unemployment Benefit, see:-
www.dwp.gov.uk/international/social-security-agreements/list-of-countries/new-zealand/
RMC
 
Posts: 27
Joined: Wed Aug 06, 2008 3:35 pm

Re: NI When leaving the country

Postby nikkisizer on Thu Nov 10, 2011 9:55 am

Nikki, the idea of the Forum is to provide initial advice and not just to say "I can help, get in touch". [original content removed - Ed]
nikkisizer
 
Posts: 69
Joined: Fri Nov 04, 2011 5:26 pm

Re: NI When leaving the country

Postby mullet on Thu Nov 10, 2011 7:07 pm

nikkisizer wrote:Hi ExpatKiwi,
I can help you if you wish, I have sent you a PM on this subject.
Kind regards
Is this an open forum, or a place to find new clients? Surely advice should be given in public responses (unless the matter is of a private nature of course).
mullet
 
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Joined: Fri Nov 06, 2009 9:26 am


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