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. 

On 11/11/2019 at 07:54, Ken said:

One change does appear to be in the taxpayer's favour. Provided I'm reading it correctly 25% of a lump sum payment can be taken tax free (same as with a UK pension fund). That wasn't originally the case. An Australian Superannuation fund (other than an SMSF) appears to tick all the boxes under PTM112200.

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