I used to work in Norway, but have recently moved to the UK. Is there anything I need to do in relation to my pension funds in Norway? What will happen with my pension funds if I never go back to Norway anymore?
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1 Answer
This firstly depends on how long you have lived in Norway and if you are thinking about private or public pension. Within the EU, most countries fortunately have an agreement over transferring the earned pensions. Both Norway and Great Britain are members of this agreement, i.e. your public pension is transfered.
However, a good share of your pension in Norway will be registered with a pension scheme of a private supplier such as the most popular Storebrand or Gjensidige. If you worked in Norway for less then a year, you will loose your entire pension. After this, the payouts depend on your company and contract. Just contact your pension provider and they will be able to tell you.
answered Mar 14, 2014 at 12:09
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If I do not do anything until my retirement age, what will happen with my pension funds?– adiproMar 14, 2014 at 14:54
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Your public funds are accounted to the ones you build up in Britain. Mar 14, 2014 at 20:06
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Do you mean that the transfer will happen automatically without anything to do on my part? When will this happen?– adiproMar 14, 2014 at 20:45
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That is the theory. europa.eu/youreurope/citizens/work/retire-abroad/… Mar 15, 2014 at 8:57