Canadian Working in UK - Transfer pension back to Canada

Hi there, I recently moved to the UK to start a new job. My employer is asking if I would like to opt in to the pension scheme but am unsure if I do if I will be able to access that money once I return to Canada. I plan to move back to Canada in 2-5 years. What are the restrictions on transferring pension balances to a Canadian Pension scheme? What are the processes like to do this? Thank you greatly in advance!

Hi Lily,
Sorry but we cannot advise on this matter.
You would need to speak to a financial adviser on the pros and cons of joining the pension scheme.
Thank you. 

Hello, It’s great that you’re considering your retirement options! In terms of transferring your pension from the UK to Canada, it’s important to know that you won’t be able to transfer directly into the Canada Pension Plan (CPP) since it operates separately from foreign pension schemes. However, you can apply for your CPP benefits when you return to Canada, and the amount will depend on your contributions during your time working in Canada. If you are planning to move back in a few years, you might want to keep track of your pension contributions and inquire about portability options with your current employer’s pension plan. Good luck with your new job and future planning!" This reply highlights the connection to CPP and addresses concerns about transferring pension funds. Let me know if you'd like to adjust anything!