Good day everyone,

I'm not sure if this is the right section to post this into, but i have a question about my pension if there's someone that can educate me on it.

I started working in the finance department of a company a little over two years ago, Since i joined i never opened a Pension Account and pension was never paid for me even though provisions were made in the company Accounts for both Employer and Employee contributions.

So, recently i started working on relocating from the country and everything has started falling in place, and now I'm working on collecting my pensions from the company which they are willing to pay, but i have a concern with remitting that bulk sum into a pension Account that will only be used once and then i resign and leave the country.

The reason I'm concerned is because i realized after i resign the pension company will only give me
25% now and the rest after you clock 50 and tbh this does not sit well with me, I want to know if there is someone that knows more about pensions and can advise me on the best way to go, because I'll be needing that money now to help with my relocation than have it in a Nigerian pension for twenty something years where it might even have become useless due to currency loss of value or the company running down.

Anyone that understands my predicament and have on opinion on how to go about it should help a brother out. Your contributions will be appreciated.

Impossible

horlartayor:
Good day everyone,

I'm not sure if this is the right section to post this into, but i have a question about my pension if there's someone that can educate me on it.

I started working in the finance department of a company a little over two years ago, Since i joined i never opened a Pension Account and pension was never paid for me even though provisions were made in the company Accounts for both Employer and Employee contributions.

So, recently i started working on relocating from the country and everything has started falling in place, and now I'm working on collecting my pensions from the company which they are willing to pay, but i have a concern with remitting that bulk sum into a pension Account that will only be used once and then i resign and leave the country.

The reason I'm concerned is because i realized after i resign the pension company will only give me
25% now and the rest after you clock 50 and tbh this does not sit well with me, I want to know if there is someone that knows more about pensions and can advise me on the best way to go, because I'll be needing that money now to help with my relocation than have it in a Nigerian pension for twenty something years where it might even have become useless due to currency loss of value or the company running down.

Anyone that understands my predicament and have on opinion on how to go about it should help a brother out. Your contributions will be appreciated.

What you are thinking cannot be done.... it is called pension..... and company's only pay it into pension funds account as a law from the government......it is fraud to pay it to you directly