Ok, so I am very ignorant when it comes to pension things. My very basic knowledge is literally that if I was to continue to live and work in the uk, when I come to retire(whatever age it might be by then!) then I would withdraw a state pension, I don't pay I to any private pension so it would just have been the state pension for me. My wife however has been a teacher since 2008, during this time she has taken 2 years out for maternity but still paid into the teacher pension scheme during this time.
I have some questions about all this, I'm sorry if I come across as really naive but I have just never really thought about any of this until the whole emigration thing started.
When I arrive in oz I will be 30 and hopefully will find work as a mechanic. Now I have paid into the uk since I was 16, when I retire in oz, will I be able to get any sort of pension from the uk and if so how?
When I retire in oz, will I be entitled to the oz state pension(is there even a state pension) if so how is it all calculated?
Thois is perhaps a question for any teachers or maybe public sector workers, my wife got her annual pension form through from her pension scheme and after 6 years of contributions, at the moment she would only be entitled to about £2000 a year pension, obviously when we move to oz next year she won't be a uk teacher and be paying into anymore so we were wondering what people's thoughts or advice was on just taking back her contributions, would be about 10,000 I think as not sure that the £160 a month or whatever it is will really be worth holding onto and would perhaps get more use out of the 10,000-deposit he etc.
if anyone can help with any of the questions I'd appreciate it!