Thanks. I've just found out that my fund was sitting on the money for a month in an unallocated fund, so i reckon i'm due a months interest on around $335k. I'm however, having an uphill battle with my fund here. My British pension confirms it sent the money on 13/4/15 and it apparently arrived in Aus on 17/4/15. The fund here says it's putting together my case to submit to hmrc but frankly i don't trust them. The first i found out about all of this was from a letter they sent dated 11/12/15 saying the fund was non compliant and that i could have to pay the tax bill out of my own money, not the pension. My financial adviser says not to worry, nothing will eventuate but how does he know! I, myself, have provided him with various dates etc from my correspondence with Prism Expats in London who facilitated the transfer. The hmrc have given me an email for me to submit my own case: regulations.qrops@hmrc.gsi.gov.uk
By the way, the PSSAP - Public Sector Superannuation Accumulation plan - is on the recognised ROPS list - I am with them also - but they are not accepting any transfers. In fact they're actively trying to get themselves off the list.
I guess my question to you is:
should i submit my own case direct to hmrc?
what happens to my money sitting here in a non compliant fund? and how do i go about putting it in a compliant fund? I'll be 52 this year.
I am so worried about this, am incredibly stressed about it all.
Many thank
