Jump to content

Search the Community

Showing results for tags 'preservation'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Moving to Australia
    • Visa Chat
    • Skilled Visas
    • Family / Partner Visas
    • Temporary Visas
    • Business Skills Visas
    • Business Sponsored
    • Visitor Visas
    • Shipping and Removals
  • Life in Australia
    • Aussie Chat
    • Household
    • Renting & Real Estate
    • Money & Finance
    • Education
    • Health
    • Careers and Vacancies
    • Kids Down Under
    • Pets
    • Socialising Hobbies Clubs Sport
    • Travel
  • Australian States & Territories
    • ACT
    • New South Wales
    • Northern Territory
    • Queensland
    • South Australia
    • Tasmania
    • Victoria
    • Western Australia
  • Partner Forums
    • Money Transfer: Ask Moneycorp
    • Financial Advice: Ask Vista
    • Shipping Pets: Ask Pet Air
  • Moving to the UK
    • UK Chat
    • Education
    • Where to Live?
    • Money and Finance
  • PomsInOz Specific
    • Chewing the fat

Categories

  • Migration
  • Living in Australia
  • Jobs and Careers
  • Moving to Australia Real Life Stories
  • Money and Finance
  • Transport
  • Where to live in Australia?
    • Victoria
    • Queensland
    • New South Wales
    • Tasmania
    • Western Australia
    • South Australia
  • Backpacking
  • News
  • Forum Help

Blogs

There are no results to display.

There are no results to display.


Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Found 1 result

  1. Hi all, My wife paid into several pensions in the UK, which we have recently transferred to an Aussie QROPS. The age at which one can normally draw on an Australian super fund without any tax implications is 60, but my wife's date of birth (11/57) means that she reaches what the ATO refer to as her "age of preservation" this year, when she will be 55 (it is later for people born from 1960 onwards). Given her DoB, she is able to access her super from age 55 and will not have to pay any tax in Australia as long as the total withdrawn doesn't exceed 160K AUD before the age of 60. However, I know that super fund providers are legally bound to report withdrawals to HMRC for a period of 10 years following a QROPS transfer, and I'm aware of the possibility of HMRC charging tax on withdrawals from Aussie super funds if the money came from the UK. Moving forward a couple of months... my wife will reach her age of preservation and she will have tax-free access to her super as far as the ATO is concerned. If she were to start drawing on her super - which is comprised purely of funds that came over from the UK in 2012 - might she be liable for tax to HMRC? (BTW: I've already asked this question to HMRC. They said that can't comment on "an individual's circumstances"!) TIA Tarby
×