Andrew from Vista Financial Posted December 7, 2016 Share Posted December 7, 2016 I have compiled a table below that outlines some prominent points for example taxation, retirement age and accessibility for Australian residents (excluding temporary) for the different types of UK Pensions versus QROPS (popular destinations for Australians) versus Australian Superannuation Schemes. For me from a tax, retirement planning and control perspective Australia will be the optimal destination to have your retirement monies if living in Australia for retirement. However clearly other factors need to be considered in terms of whether their are guaranteed benefits involved in a current scheme ie (final salary/defined benefit), contributions cap issues for transferring into Australia, wishing to access funds earlier than Australian retirement age permits and so on. In these cases then other destinations or leaving the original scheme as is could be the better outcome. *Autumn Statement in November proposed full flexible access for all QROPS, to match the flexibility of UK Pensions. Quote Link to comment Share on other sites More sharing options...
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