Alun Rees-Williams
👤 SpeakerAppearances Over Time
Podcast Appearances
Pleasure.
Thank you.
It is fair to assume.
There's almost invariably you will have something.
What you will find with people, particularly Kiwis going to the UK to work, they'll do a number of jobs.
They don't tend to sit in one job.
So they may even have multiple pensions in the UK.
Very, very easy.
We've done a lot of transfers where we've started with one pension for someone and we've ended up with up to 10.
Ten?
Yeah.
So unlike KiwiSaver, where you have effectively one provider,
And that's it.
And you change providers.
With pensions, you can have multiples in the UK.
Yeah, exactly.
Mm-hmm.
Yeah, in that respect, similar.
So there's two types of schemes in the UK and they define contribution very similar to KiwiSaver effectively, right?
So you put money in, your employer puts money in, sometimes a bit of your national insurance in years gone by has gone in there.