I'm 55 with a chronic ill health condition. I have just been accepted on to getting my full pension from a previous UK employer (on Chronic Ill Health grounds).
I have 2 options.
1. A full pension OR
2. A tax free lump sum with a reduced pension.
Has anyone received their pension here in Oz from the UK. I think you can't get tax free here. If this was to be the case a large portion of the lump sum would have to be given to the tax man.
Consequently Option 1 would be better.
Any advice would be greatly appreciated.