What happens to UK pension?

[shellybm]

I am really unsure about pension matters and hope someone can give advice.

We are here trying it out in Oz. Have been here coming upto 6 months but have no idea yet whether we will stay permanently. If I don't transfer my UK pension over to Oz what happens to it? Will I be able to access it when I'm 65? I know I can transfer it here but I am not ready to commit to Oz to that degree.

I assume it just gets frozen over in UK??

Any advice would be appreciated.

Thanks

[gail39]

hi we did the same in the uk and froze our private oensions,As far as our financial advisor told us we can claim them from overseas,when we are 65 but will pay tax on the interest that they have made while we have been away,,,if any with the stock market as it is.I am sure someone on PIO will correct me if i am wrong,,,,thanks for asking gail

[Smartline Home Lending]

Try www.globaldestiny.com.au. Now I dont know if this company is any good but they have been running a lot of advertisements on TV of late.