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  #1  
Old 02-06-2011, 02:07 PM
Cmcc85
 
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Default Leaving job pension question

Hope this hasn't been asked too many times before...
Im in a public service job less than two years, on my payslip im paying into two pensions and spouses and children, im considering leaving before the two year mark, my question is can i claim this back when i leave???

Im hesitant to ask my HR/Finance department as i dont want them to know im considering leaving.

Thanks in advance
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  #2  
Old 02-06-2011, 02:45 PM
ondeball ondeball is offline
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You can claim it back but you'll take a big hit.

The best thing you can do is transfer it to whatever fund you new company recommend for you and you won't lose a penny.

It's happened me twice in the last three years or so.
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  #3  
Old 02-06-2011, 03:06 PM
Protocol Protocol is offline
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Note that there is no public service pension fund, so you can't transfer to a new private sector employer pension.
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  #4  
Old 02-06-2011, 08:45 PM
Evening Evening is offline
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If you leave your public sector job with less than two years public service, you will be refunded your superannuation contibutions less 20% tax liability. If you leave after having two years served, your superannuation benefits will be preserved until you reach retirement age.
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  #5  
Old 03-06-2011, 01:23 PM
kennyb3 kennyb3 is offline
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How do you go about this?

I only ask as my OH is a nurse, worked in Beaumont for a year then moved to a semi private clinic.

Wondering if she is due any contributions back (i know she was paying into a pension) or if not is the money just left in a fund somewhere?

Quote:
Originally Posted by Evening View Post
If you leave your public sector job with less than two years public service, you will be refunded your superannuation contibutions less 20% tax liability. If you leave after having two years served, your superannuation benefits will be preserved until you reach retirement age.
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  #6  
Old 03-06-2011, 04:48 PM
Dave Vanian Dave Vanian is offline
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Quote:
Originally Posted by kennyb3 View Post
I only ask as my OH is a nurse, worked in Beaumont for a year then moved to a semi private clinic.
Who was her employer in the semi-private clinic? If it was still ultimately the HSE, then she hasn't actually moved employer; just location of work.
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  #7  
Old 03-06-2011, 04:57 PM
kennyb3 kennyb3 is offline
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It's not the HSE anyway. Its the Bons Secour
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  #8  
Old 05-06-2011, 10:55 PM
Cmcc85
 
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Thanks for the reply's!!
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