the gardener Posted October 20, 2013 Share Posted October 20, 2013 I need to find an advisor who has experience of UK pensions. I am on the point of buying my annuity from my UK pension provider.I am in Sans Souci area.Sydney.NSW 2219. Any advice would be much appreciated.Thanks. Quote Link to comment Share on other sites More sharing options...
Andrew from Vista Financial Posted October 22, 2013 Share Posted October 22, 2013 Hi If you are looking to purchase a UK Annuity with your UK Pension you are better off speaking directly to a UK Adviser who is authorised to provide advice on UK annuity and income drawdon products (as an annuity is not the only option). Even if an Adviser in the Australia has experience of UK pensions/annuities they would need to be authorised to provide you with UK financial product advice for setting up a UK annuity/income drawdon product. That said have you looked into the merits of transferring the UK pension to Australia? Regards Andy Quote Link to comment Share on other sites More sharing options...
the gardener Posted October 22, 2013 Author Share Posted October 22, 2013 Hi,We are expecting to leave when our 457 is up in 3 years,if we cant get PR. I think we may then have probs with HMRC if trying draw pension from Oz provider? Quote Link to comment Share on other sites More sharing options...
Andrew from Vista Financial Posted October 22, 2013 Share Posted October 22, 2013 Hi Yes, unwise to transfer a Pension if a temporary resident due to potential issues like highlighted around not obtaining permanent residency. If you can get PR would you then stay? Do you require the income from the UK pension at this time? If not perhaps you can consider deferring the annuity/income drawdown purchase until such time as you know about your visa etc? Quote Link to comment Share on other sites More sharing options...
the gardener Posted October 23, 2013 Author Share Posted October 23, 2013 Hi. Thanks for that ,I think I will defer for another year,and see what the position re PR is at that time. Quote Link to comment Share on other sites More sharing options...
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