Jennifer Shields Posted March 26, 2008 Share Posted March 26, 2008 Hi, Anyone moved there pension from u.k to oz. Just looked into it but we will lose $30.00!Not sure what to do?:wubclub:Jen. Link to comment Share on other sites More sharing options...
Jennifer Shields Posted March 26, 2008 Author Share Posted March 26, 2008 sorry ment to say lose $30k! Jen. Link to comment Share on other sites More sharing options...
Jo&Rich Posted March 26, 2008 Share Posted March 26, 2008 Similar position to you Jen! Plus, we've left it over 6 months, so would be taxed on growth I believe. Will watch for any advice... Jo x Link to comment Share on other sites More sharing options...
Alan Collett Posted March 26, 2008 Share Posted March 26, 2008 How will you lose that sum of money, Jen? Happy to discuss off forum if you want to send me an email (alan - at - gomatilda - dot - com) or telephone me (03 9935 2929 - Melbourne). Best regards. Link to comment Share on other sites More sharing options...
Jennifer Shields Posted March 27, 2008 Author Share Posted March 27, 2008 Hi Alan, Thanks for that.Drew will phone you when he,s back from work as he has delt with global destiny. Kind regards Jen. Link to comment Share on other sites More sharing options...
Alan Collett Posted March 27, 2008 Share Posted March 27, 2008 Thanks Jen. Best regards. Link to comment Share on other sites More sharing options...
Guest Pinhead Posted March 27, 2008 Share Posted March 27, 2008 Thanks Jen. Best regards. Alan I saw your credentials on your last post so I thought I'd ask you a question. If you have a UK pension (SIPP) do you get taxed on any growth up until retirement in Oz once you convert it to an annuity or only on the income as in the UK? I had assumed that I could leave my UK pension as is, convert it to a UK annuity and pay the tax on the income stream when paid to Oz. I don't have a huge pot at the moment but the growth on it over the next 25-30 years should be pretty big. I don't intend to make anymore contributions to my UK SIPP once I leave the UK. Thanks in advance. Link to comment Share on other sites More sharing options...
Alan Collett Posted March 29, 2008 Share Posted March 29, 2008 Have a look at the Foreign Investment Fund Rules, which can require you to include the annual growth in overseas funds in your assessable income. Search at Australian Taxation Office Homepage - though be warned, they are not easy to get your head around! Happy to advise more formally - albeit for a fee. Feel able to send me an email if you are interested. Best regards. Link to comment Share on other sites More sharing options...
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