Hi Andrew
Thanks for this info. I have a defined benefit pension with a UK Bank. I am 55 and considering taking a Pension commencement tax free lump sum and then receive a lower pension( some stage between now and 60). I understand the pension I would draw is taxable as foreign income in Australia, however my question is will I have to pay tax on the TAX Free pension commencement lump sum here too. Is the applicable funds earning aspect only for full lump sums( apologies if I am a little confused) or would that apply if I simply drew my pension each month? FYI, I am a duel citizen and have been a permanent resident for 5 years.