UK pensions north Cyprus

dreamer


Joined: 27/07/2009
Posts: 189

Message Posted:
06/12/2010 09:11

Are there any restrictions with UK state pension when living full time in the TRNC ?

damchi


Joined: 21/05/2010
Posts: 26

Message Posted:
06/12/2010 09:15

No, they are treated in the same way as if you were living in the South of the island.

Swany



Joined: 01/12/2009
Posts: 255

Message Posted:
06/12/2010 09:26

Not quite the same as the south because there is no double tax agreement in the TRNC. This means that your UK state pension will be labile to UK tax unlike if you took it in the South as it would be liable for tax there, other than that the same.



For more info go to http://www.ncmoenyguide.info

yenibob


Joined: 13/10/2010
Posts: 1203

Message Posted:
06/12/2010 09:33

To be fair Nick, not having a clue what you are talking about, has never restricted your posting habits )

walkerscott


Joined: 13/08/2009
Posts: 901

Message Posted:
06/12/2010 11:30

have a good look at:

http://www.direct.gov.uk/en/Pensionsandretirementplanning/index.htm



John

http://www.no-deeds-no-money.moonfruit.com

Swany



Joined: 01/12/2009
Posts: 255

Message Posted:
06/12/2010 11:43

If you are not sure where to look re the question following John's recommendation go straight to: -



http://www.direct.gov.uk/en/Pensionsandretirementplanning/StatePension/Basicstatepension/DG_10026714

hawkeye


Joined: 12/09/2010
Posts: 334

Message Posted:
06/12/2010 11:46

we never had a problem. It goes into our account in Uk and we use the ATM.....best to go with Natonwide as if you withdraw in Sterlin then it is free.......

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
06/12/2010 17:43

mess 4 - absolutely !



but if i haven't got a fecking clue - i usually don't post - with the exception of post 232 and of course, the infamous 2027.....

yenibob


Joined: 13/10/2010
Posts: 1203

Message Posted:
06/12/2010 17:50

Nick you rarely have a "Feckin" clue and could talk Horlicks for England. You also tell crap jokes, can't spell and seem very very thick!



Only a personal opinion of course (other opinions are of course available).

halffull


Joined: 26/01/2009
Posts: 571

Message Posted:
06/12/2010 18:08

Getting back to the subject!!!! yenibob and nick!

Message 7 Nationwide are now charging for overseas withdrawals.

I have my pension transferred to my bank here every month, it just takes an extra three days to clear, the tax is automatically taken in the UK.

It is paid in Lira at the exchange rate of the day it is paid into the bank in the UK.

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
06/12/2010 18:47

Halffull,



You are losing a lot of money doing this. Firstly you are only getting the Uk exchange rate into ytl and not the local ytl rate. Secondly if you draw your money out in sterling and then change it to ytl in the TRNC you shouldn't pay any charges.





The butlers wife

Sugarpuffbear


Joined: 14/05/2010
Posts: 64

Message Posted:
06/12/2010 19:05

Swany

Your message 3 referring to information should read http://www.ncmoneyguide.info



Unfortunately it is typed incorrectly.

Swany



Joined: 01/12/2009
Posts: 255

Message Posted:
06/12/2010 19:38

Re 12 Sugarpuffbear

Thank you so much for the correction and putting the right address up. Spelling and I don’t get on. I do try but sometimes it gets the better of me. I must say your correction was much kinder than some I have seen so thank you again.

I do hope you have found the web site informative.

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
06/12/2010 19:44

swany link appears to be broken on sugarpuffs link xxxYou do ok on your spelling much better than I can. Hows the eye xx

dixie45


Joined: 16/09/2010
Posts: 42

Message Posted:
06/12/2010 19:45

If you have declared you are living outside the EU then your state pension does not attract the yearly increases that the Govt may award, in other words it is frozen,at the same amount .

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
06/12/2010 19:46

dixie or the winter fuel allowence.

dixie45


Joined: 16/09/2010
Posts: 42

Message Posted:
06/12/2010 19:46

If you have declared you are living outside the EU then your state pension does not attract the yearly increases that the Govt may award, in other words it is frozen,at the same amount .

halffull


Joined: 26/01/2009
Posts: 571

Message Posted:
06/12/2010 19:52

Thanks The Butlers Wife, but they would only transfer to the local currency, I know the exchange rate is better locally, but I had no options, if I leave it in a UK bank and transfer it in £ I then pay transfer fees, so its a no win situation and this way I am guaranteed my pension on time every month without having to worry about it.:=)

halffull


Joined: 26/01/2009
Posts: 571

Message Posted:
06/12/2010 20:03

Dixie, I think if you read the info. on the Government site then you'll find that Turkey and the EU have agreements with the UK and your pension will increase as if you were in the UK.

Swany



Joined: 01/12/2009
Posts: 255

Message Posted:
06/12/2010 20:25

re 14 Thanks Lilli the eye is nice and black but not as bad as it could have been thanks to the arnica.

re 19 Dixie, Halffull is right see the link http://www.direct.gov.uk/en/Pensionsandretirementplanning/StatePension/Basicstatepension/DG_10026714

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
06/12/2010 20:34

Swany, thanks for the link, lots I didnt know there x

Fawsley


Joined: 01/05/2010
Posts: 59

Message Posted:
06/12/2010 21:20

surely TRNC is not classed as part of the Republic of Turkey - that's a question.

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
06/12/2010 21:29

I get state widows pension paid into my uk account then draw it out here in sterling in two goes then only £3 charges. I also get yearly increases in the pension.

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
06/12/2010 22:03

mess 9 - you cheeky git Bob - if all the posts on Cy44 were like yours, a boring uninformed place it would be, old boy....



if all you can do is critisise, may i suggest you try the board on http://www.sad and lonely in TRNC.com

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
06/12/2010 22:07

I have learnt a lot from this posting, I told them I was moving here so I did forgo the increases and fuel allowance, then I find others get it but they all told me its because they had a UK address. I didn't pursue it. Now I guess Im lazy or didn't think about reading links only went by what the DWP told me. Now reading these links I can understand now x

birdman



Joined: 20/09/2010
Posts: 690

Message Posted:
07/12/2010 08:02

TRNC is my ONLY address and the DWP know this and communicate with me at my Alsancak address. They backpaid my winter fuel allowance when they realised they had not paid it for three years and my pension increases annually as does my service pension. They too ( The military) know that I have no UK address and live here permenantly.

Deniz1


Joined: 28/07/2009
Posts: 3829

Message Posted:
07/12/2010 08:42

I didnt qualify for the heating allowance as i was honest filling in the online form and gave my date of arrival here. Because i was not in the UK for 1 week during the qualifying period i cannot get it. You dont know that until they write and say you cannot get it. I used to get the £10 Christmas bonus but that stopped when i moved permanently here but yesterday a mystery £10 appeared in my bank it just said Bank Credit but no other info. Hey ho better than a debit. The only UK address is my daughters one for my bank card to go to as i still have a UK account. Th pensions dept have my address here too.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
07/12/2010 15:33

Dixie45 Msg 17



You don't have to be in the EU to get your pension increases. You have to be in the European Economic Area (EEA) and the TRNC is specifically included in this area.

milliesmum49


Joined: 22/10/2010
Posts: 36

Message Posted:
07/12/2010 16:35

My husband and l both have our state pension paid in sterling to our bank account here. We use the iktisat bank and all transfers from the UK are made as domestic transfers through the Turkiye bank in London. The girls in the english department the iktisat bank is Girne are very helpful and will be able to give you any information that you need to do the transaction if you are interested.