nickinmk

Over the years I have found this forum to be a priceless source of knowledge. Without it I would have had no idea that I was able to write to the ATO and have them determine the "Undeducted Purchase Price" of my UK Private Pension. As a result I have an percentage each year of my Private Pension payment that is essentially "tax free". Now for my question. I pay tax to the ATO on my UK Private Pension payments that I receive each month. I am 61 years old, and have no other income. My wife has no income, and as a result pays no tax. Could we set up a "Family Discretionary Trust", and deposit my UK Private Pension into that, and then pay ourselves out of the Trust? This would then lower the overall amount of tax paid. Or is this wishful thinking? Thanks Nick

DATSTHEONE Yes it does, many thanks!

Could anyone assist me with a simple worked example? I am an Australian living in the UK, who hopes to retire in late 2017, at age 55. I work for a company with a Final Salary Pension scheme, and will either receive that, or take its CETV. I know my contributions to date, and I will be taking the maximum tax free lump sum. Any help gratefully received!