Moving Abroad & Pensions

[DPC]

Hi,
I am moving to New Zealand at the start of September and i am trying to get a handle on what to do with my pension. For the last four years i have been paying into a pension fund with my emplyers also contributing a percentage. Currently this fund is split evenly four ways between Irish Life Consensus and Equity Funds and Setanta Managed and Equity Funds.

1. I am intending to be abroad for two years. Is it worth my while (or am i even able to) keep adding to my pension back in Ireland when i am in NZ?
2. Should i just throw all my accumulated funds into an equity based scheme?
3. Am i better off saving a few bob when i am abroad and make a lump sum payment into my pension when i get back to Ireland?

Any advise would be appreciated as i have no real idea as to what to do!!

Thanks in advance
DPC

 

[Guest126]

Hi dpc

• When you leave that company then you can no longer contribute to that pension scheme (if it is a company pension scheme, which is what it sounds like) - whether you are in Ireland or NZ.
• Why would you take a different fund choice because you are moving to NZ?If it is the right fund choice now then it is the right fund choice whether you live here or in NZ, maybe I am missing your point here?
• Yes, that would be the best pension route, but you will NEVER be able to contribute to your present company's scheme again...unless you rejoin the same company when you get back.

I hope this answers one or two of your Qs!