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Frequently Asked Questions
Q) Do I have more options
by transferring my Pension Entitlement to Canada
A) Yes. In the UK at
retirement you can only receive your pension rights as a
monthly income stream
(annuity )
In Canada you can do the same or leave your RRSP ( which
would convert to a RRIF at age 71 )
growing tax deferred, until you need to access some of it.
Q) What
is a Frozen Pension?
A)
The technical term for a Frozen Pension is a Deferred
Pension Entitlement. Basically you were in a company’s
pension scheme and then you left, leaving your pension
benefits behind.
Q)
What is a Pension Scheme?
A)
That is simply the name in the U.K. for a Company
Pension.
Q) I
do not have any documentation from my former pension scheme?
A)
We
have traced frozen pensions from the most basic
information, without any documentation, quite easily.
Q) Do
I have to contact the U.K. myself to trace my pension?
A)
No, UK2Canada CPT will do the entire pension tracing on
your behalf.
Q) I
would like to go ahead and have my UK Frozen Pension traced.
How do I go about that?
A)
Just call us at 1-888-511-9766 and we will arrange to trace your
pension for you.
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