Mark Writes:
I was born in Manchester, England and when my family and I emigrated to Canada 12 years ago, we knew it was the right decision for many reasons. But what we didn't realize was that there would be so many challenges in our new day-to-day lives. A new health system, passing our driving tests, buying a car, buying a house, new tax laws, not to mention finding jobs! All the things we had taken for granted in England.If you would to find out more you can contact Mark, toll-free, at 1-800-541-0977 ext 224, or by email at: mark.rowland@investorsgroup.com
About 12 months ago, when I was looking at some old paperwork from my past employment in the UK, I realized that I had some pension money still invested with my previous employer in England. I looked into what my options were and found out that in April 2006 the Canadian and British governments had come to an agreement allowing the transfer of UK pensions into Canada with no financial penalties.
I was interested to find out more and discovered the money could be working for me here in Canada - with full access to information on how well it was performing! So with the little information I had, I was able to find the transfer out value and the length of time it would take to transfer overseas. We decided it was definitely the right choice and transferred it over to Canada where it is now working for me as part of my Retirement Savings Plan.
If you have old paperwork from previous UK employers gathering dust in a pile of unfiled paperwork and you are curious to learn the current transfer value but don't where to start, you should seek advice from a professional financial planner with direct experience in pension transfers from the UK to Canada.
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