robertglasgow

Hi Andrew, Firstly, congratulations on the clarity of the advice on this forum - excellent job in untangling the minefield of rules and regulations. My situation is the following: After 32 years in the UK, i intend to relocate to Australia, land of my birth, and hence establish normal residency, residency for tax purposes and (in 3 years time) re-establish my domicile as Australia. I have a (private) pension pot of c. £400k and understand most of the rules around moving this to Australia. However, most is not all and I have a few questions: 1) If I change tax residency in August 2013, do I still have the right to put in the full £50k per tax year into my pension under HMRC rules, or will this be pro-rataed according to the number of months I was resident in that tax year in the UK? 2) Can I take out in the UK the 25% lump sum and then move the balance to an Australian pension fund? (QOPS), or does this somehow crystalise the pension, preventing it from being moved? 3) I think I can only move $150,000 per year, backdated for 3 years, so $450,000 in total, as long as I do not contribute for the following 2 years. Is this right?Presumably I can leave any balance in the UK pension and draw down from the balance in the UK according to UK pension rules? I guess that this will be subject to Australian tax? Many thanks for your help. Robert