Wanting to take out lump sum from private pension and have been advised UK take their share an whats left when you bring it to Oz they take 50 % even though they have a tax treaty agreement. ATO say you declare it at tax time and they send you a notice of what is left. No expert but I make it thus 44,000 Pounds uk tax off 12k leavin approx $64,000 put that figure into tax calculator and left with about $30,000 rip off. Or do i have it paypalled and tell know one lol
Anyone who has done this in the last 12 months would welcome your input
