Karen33

Hi Andrew, thanks very much for your reply. It is worrying that the ATO may treat 75% of my lump sum as income. I can only hope that this does not happen to me. Kind regards, Karen

Hi, I am over 55 years old and this year I withdrew my small uk pension pot of £17,000 and received most of my uk tax back. As I understand it I can either declare the growth of the fund since moving to oz on my 2017 tax return - approx £7,000 and pay tax at my marginal rate of 32.5% or I can make a contribution of the full amount of £17000 into my Australia super fund as a concessional contribution before 30 June and be taxed at 15%. i am thinking about both options, has anyone dealt with before? Kind regards, Karen