familybliss Posted April 19, 2014 Share Posted April 19, 2014 Hi guys , Have decided to transfer NHS pension to Australian Super fund ( QROPS ) . We arrived in June 2011 and had initially thought we would just be here for a couple of years but changed our mind and received PR in Feb 2013 . As the transfer is happening more than 6 months after we left the UK we will have to pay some tax on the growth of the fund ( which we can elect the receiving super fund to pay @ 15% ) . However , is it the growth since we became PR ( Feb 2013 ) or since we arrived in Aus ( June 2011) on a 457 ? In case it is since the date we received PR , do we have to request the NHS Pensions to do another calculation for that date ( Feb 2013 ) so that we can calculate the growth from then ? The NHS will only provide this extra calculation at a cost . Have tried to use the residency calculator on the ATO website - not entirely clearcut . Would appreciate any advice . Quote Link to comment Share on other sites More sharing options...
familybliss Posted April 20, 2014 Author Share Posted April 20, 2014 Just bumping it up .... Anybody ? Quote Link to comment Share on other sites More sharing options...
Andrew from Vista Financial Posted April 25, 2014 Share Posted April 25, 2014 Hi Generally it is the value of the fund the day before the day one became tax resident. Regards Andy Quote Link to comment Share on other sites More sharing options...
familybliss Posted April 25, 2014 Author Share Posted April 25, 2014 Thanks Andy . Quote Link to comment Share on other sites More sharing options...
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