Pension schemes that are tailored for missionaries and overseas Christian workers along with other helpful information on pensions.

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pensions

This section has information about the various pension schemes that are tailored for  missionaries and overseas Christian workers along with other helpful information on pensions.

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Pension advice

The Pension Service

The Pension Service website, set up by the UK Government, has most of the information you might need about the state pension scheme, including a section about when you work or live abroad. You can request a pension forecast either by completing an online form or by telephoning the number below.
Website:  www.thepensionservice.gov.uk
Tel: 0845 3000 168


Financial Services Authority

The FSA website has some good information on pensions, particularly the new stakeholder pensions. There are also a series of flow charts available through the web-site called 'decision trees', helping you find out what options are open to you.
Website: www.fsa.gov.uk
Email: consumerhelp@fsa.gov.uk
Tel: 0845 606 1234 or 020 7676 1000 if calling from overseas


Social Security Abroad

HMR&C (Inland Revenue) has produced a leaflet about making National Insurance Contributions whilst you are abroad.
Website: www.hmrc.gov.uk/pdfs/nico/ni38.pdf

A comment from an OSCAR user about state pensions for missionaries:

Missionaries/ex-missionaries who are classified as self-employed (on same basis as a minister of religion) get a very good deal on class 2 contributions at around £2 a week, as regards building up their own state pension. This new lower figure came in April 2000. It is also highly advisable that wives pay their own, rather than trust their husbands. If a husband dies before his retiring age (65), a wife loses out badly, as happened to one of our missionaries. Had she been making her own contributions, she would have been better off.

Also, even if the husband doesn't die, a wife still entitled to pension at 60 currently, may well find that her pension in the period age 60-65, having made her own contributions, will exceed what she would get claiming on her husbands record. Particularly if her husband has less than a full record, through being out of the country.


pension providers

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Personal & stakeholder

Expat Pensions

If you live in Europe or any overseas jurisdiction and have a UK-based pension scheme, you could be losing out on major benefits by failing to take action. Expat Pensions have offices in UK and Spain, and can provide independent financial advice on this topic.
Website: www.expatpensions.info
Tel: 01789 490363

PensionFinder.org.uk

This site provides friendly advice on pensions including articles, discussion and links.
Website: www.pensionfinder.org.uk
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State pension advisors

Christians Abroad

Christians Abroad provides preparation for service in international mission and development and debriefing after service overseas for groups but also for individuals or couples. This service is provided in consultation with mission partners and sponsoring churches/agencies. Christians Abroad is also an agency for travel and health insurance and for VDW National Insurance contributions in certain circumstances more>>
Website: www.cabroad.org.uk
Email:
Tel: 0300 012 1201
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Other investment schemes

AnnuityCity.co.uk

We help those coming up to retirement find a better pension by offering a free comparison.
Website: www.annuitycity.co.uk

Talent Trust Consultants

Founded in 1991, TTc is dedicated to serving international mission and church workers with bespoke medical insurance and investment programmes. Having a membership of over 12,000, our short- and long-term insurance plans prove to meet the specific needs of Christians in short-term mission or full-time ministry. Our new 'Providence' investment programme is specially designed for mission workers on support. Please Skype us at TTc_Malaysia.
Website: www.talent-trust.com
Email:
Tel: ++ 60 4 899 8945 (MALAYSIA)
© OSCAR 2013 Registered Charity No. 1093265