NHS Pension Transfer to QROPS

[littlesarah]

Hello

I would guess that this question has been asked before, but I haven't been able to find the relevant thread/s (I will admit, before I am castigated for being lazy, that I haven't had time to look very hard).

Anyway, I have about 10 years worth of contributions in my NHS pension, which is now 'deferred', seeing as I left the UK 2 years ago. I know that funds transferred soon after arrival have reduced tax liabilities, but was unable to due to the short-term contract I was on when I first started, so I just left it there to deal with 'later'. Well, I figure now is 'later' enough for me to start trying to figure out what to do about the money I have tied up in the UK. It's not a massive amount, and I could leave it there, but I'm thinking that it might be more straightforward to bring it over here and put it into my current scheme.

From what I've read so far, it sounds like getting my super over here without falling foul of taxation law could be a minefield for someone with my background in finance (i.e. as an accountant, I make a really good health professional!). But I realise that if I leave it in the UK, when it pays out, I'll have to pay a whole load of tax on it anyway, so it might be better for me to have the money all in one place (and not subject to any more exchange rate nastiness).

Anyway, I need to find an accountant or similar to help me work out what to do, and how to avoid paying more tax on the money than I have to. Does anyone have any recommendations? I'm loathe to rely on the help of my super fund, because they have an obvious axe to grind, and I need someone with specialist knowledge in this area. The last thing I want is to end up losing most of my super in tax or other fees!

Cheers all.

Sarah

[Alan Collett]

Hi Sarah.

Can I suggest that you have a chat with David McMaster:
http://www.infocus.com.au/getting-ad...?LocationID=27

Feel able to mention me if you call David.

Best regards.

[littlesarah]

Thanks Alan. Much appreciated.

[Johndoe]

It's late and I hoped I haven't missed something but unfortunately many health funds here 9assuming that you are still in the health sector) ie Q Super are not "recognisable" ie not on the QROPS list. Check the QROPS list.

[littlesarah]

Hello Johndoe

I'm not employed in the health sector here, and I've checked the QROPS list, and my fund is on it. I had investigated before I moved to Australia, so knew enough to understand that side of it.

Thanks anyway.

Sarah