4ever15

Thanks and Yes from the perspective of an Australian living in AUS , def. no advantage it’s tax free. I am not living there now (tho may in the future as uk becomes ever more of a basket case). So uk wise i would be paying 40% tax - it’s better for me to just take out what I need a lump sum and leave the rest. I think I can do that but EVEN that is not so easy when you are in Europe. I’m on the wrong forum just found the post appreciation for thoughts. Im super complicated

Thanks Marisa tho you can choose when and how much you take out subject to a minimum I can’t seem to set up an income stream and leave money invested to top up the stream. As it runs Down. . My plan. Was to take a chunk now as a stream and leave some invested in Super then later top up the income stream. That’s doesn’t seem to be allowed. In the uk have to pay tax. I may move to Australia who knows depends a bit on how things work out in uk. So it’s crazy to take most done the fund when I’m in the uk. Definitely wouldn’t take annuity agree. Not a good idea. Thanks anyway.

Hello any updates on this ? I’ve got an untouched Australia accumulated superannuation fund and tho I was thinking of setting up a pension it’s a one off choice wondering if it is better to take a lump sum & leave the rest but no clue what the implications are. i didn’t think you could take 25% tax free as uk doesn’t approve of Australian funds. Which on the surface seems crazy as uk funds are hardly a gold standard. Thanks