plato

Good points. Thank you. I'll ignore Hoxton.

Hi again Has anyone used Hoxton Capital Management? This group appear to be financial advisors re UK Pensions etc. See this website about an upcoming seminar in Sydney on March 5th 2024. https://hoxtoncapital.com/resources/events/your-bridge-to-retirement-in-australia/

Hi, Thanks everyone for your gems. Got it! Wish you all a pleasant festive season.

Hi, Has anyone transferred funds from a house sale in the uk to Australia recently? ie 2023. We have an accountant and solicitor firm lined up to deal with the sale of an uk property and fund transfer. We are not sure as yet how the funds will be transferred to Australia (by our solicitor we presume). We will be back in Australia when the property is sold. We know the uk Bank has a daily withdrawal cap and to override this, the bank says we need to be in the uk and present ourselves in person to arrange. (!#%). But, we will be back in Australia when the house is sold and settled so we have a real estate agent to sell the property with the solicitor handling the finalisation of the sale. We have an accountant to deal with the HMRC. We have used XE exchange previously by transferring small amounts from the uk bank into XE and onto Australia where we reside. But, with several hundred GBP, we don’t know how to have the funds paid by into XE as a lump sum. We css as nt imagine anyone transferring funds from a house sale in small amounts to XE over 20 bank transfers. How do u transfer the lump sum from the house sale into XE or similar? Anyone with recent lived experience or knowledge on this subject to share?

Hi I lived in the UK for 20 yrs while study and working and returned to live back in Australia around 2010. I turn 65yrs in May this year and remain in employment in Aust. I do not have any UK income. In the UK, I worked for the NHS (5-6 yrs), two universities (USS funds) about 2 years and 5 years with a Scottish fund for teachers but covers (then) non-University tertiary institutions. I believe these are all described as "defined benefit pension funds." I hold dual citizenship (Aust & UK). I do not know how to contact these funds to start a line of communication with the organisations. I also do not know how much money is in these funds as no statements are generated. I would prefer to have the option of amalgamating all these funds into one Superfund but I suspect that is not an option in the UK. Can you advise me on how to get a start on this?