jrobs

Thats an interesting - pay CGT tax in Aus and pay income tax. Does anybody know a good IFA I can contact for advise?

Im not sure this is correct. If I take it as a lump sum now I get taxed at income tax rate. If I tax it once retired my income tax will be lower

Hello - I have tried searching the forum for my exact topic but cannot find exactly what I am after. I have inherited a SIPP in the UK. I left the UK approx. 10 years ago and intend to live in Aus for the rest of my life I am 45 and my mother was 77 when she passed. I believe I can take it as a lump sum and be taxed at my income rate? or I can choose Flex drawdown? I really do not want to touch it for another 20 years until I retire and earn less so My queries are - Can I transfer it to a managed fund with better fees and performance and if so is this tax free? Can I leave it as a SIPP, let it grow and not touch it for 20 years until I retire and earn less? If I do or when I do draw down on it - do I pay income tax in Aus or in the UK? And Does anybody have a great IFA in the UK who can also deal with Australian residents? Many Thanks if anybody can help