Afternoon all,
im very confused as to what can and cannot be done regarding pensions in the UK. Im planning to move to HCM in the coming months and have no plans to retire yet.
I have a private pension and also state pension in the UK. I have read some pension providers allow transfer to a recognised service provider in other countries.
So, do I transfer the private pension to a recognised service provider ? if so any recommendations ?? or go down the route of cash in the pension and sue the proceeds to either stick in a VND bank account or use to place a deposit on a new apartment for myself and VN wife ?
That leaves UK state pension... not due for some time, can (and if so how) I still make NI contributions to ensure the full pension is received at a later date ?? that also raise the question of how to receive payments
I also read that locals can save some form of insurance and use that as a life pension ..
anyone done any of the above ??
That also leads onto another question.... best banks for Expats ???