CaptainR Posted August 27, 2015 Share Posted August 27, 2015 I see that all of the pension schemes on Australia except for the Local Government Super have been removed from the list or recognised schemes, I'm considering setting up a super with that scheme (they allow non-government employees) to see if I can take advantage of the good exchange rates and do a transfer. Anyone any experience with the transfer process? Link to comment Share on other sites More sharing options...
Branksies Posted August 27, 2015 Share Posted August 27, 2015 Hi, new to this super annuation and just wondered how best to find out the ins n outs as I am looking txr a full military pension but would value the advice of a reputable financial advisor that an expat has successfully dealt with, I fly out on Tuesday and any advice for FSA in Sydney would be ideal. Also how this works against UK pension when I become eligible....lots of good threads but all in thousands of different individual directions. Any advice is gratefully received. Thank you. Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted August 27, 2015 Share Posted August 27, 2015 Andrew is the best person to advise http://www.pomsinoz.com/forum/financial-advice-ask-vista/ Link to comment Share on other sites More sharing options...
Branksies Posted August 27, 2015 Share Posted August 27, 2015 Thank you, noticed the date after posting, I am digging into HMRC at present, I am only visiting for a month and hoping to get confirmation of employment on conclusion of the recce. Link to comment Share on other sites More sharing options...
Andrew from Vista Financial Posted August 28, 2015 Share Posted August 28, 2015 I see that all of the pension schemes on Australia except for the Local Government Super have been removed from the list or recognised schemes, I'm considering setting up a super with that scheme (they allow non-government employees) to see if I can take advantage of the good exchange rates and do a transfer. Anyone any experience with the transfer process? Hi From my research my understanding is that the actual LGPS on the ROPS list is not a public offer fund ie it is only open to local QLD government workers and their spouses. There is a NSW LGPS and they are not public offer however are not QROPS. What type of pension do you have and how old are you if you don't mind me asking (these are relevant questions)? Link to comment Share on other sites More sharing options...
Andrew from Vista Financial Posted August 28, 2015 Share Posted August 28, 2015 Hi, new to this super annuation and just wondered how best to find out the ins n outs as I am looking txr a full military pension but would value the advice of a reputable financial advisor that an expat has successfully dealt with, I fly out on Tuesday and any advice for FSA in Sydney would be ideal. Also how this works against UK pension when I become eligible....lots of good threads but all in thousands of different individual directions. Any advice is gratefully received. Thank you. Hi Branksies Unfortunately from April 6 this year unfunded government defined benefit pension schemes can no longer be transferred out, this was introduced on the back of the new pensions freedoms that came into play as of the same date. There actually has been a loophole that has allowed these type of schemes to continue to be transferred to QROPS schemes which are not occupational pension schemes and which have their main administration in a state in the European Economic Area: http://www.international-adviser.com/news/1024402/government-shuts-qrops-public-sector-transfer-loophole?utm_source=Adestra&utm_medium=email&utm_term=&utm_content=Government%20shuts%20QROPS%20public%20sector%20transfer%20loophole&utm_campaign=international_adviser_newsletter_5_18_08_2015 However this was unintended and it being closed down imminently. Link to comment Share on other sites More sharing options...
CaptainR Posted August 28, 2015 Author Share Posted August 28, 2015 I'm 30 and its a SIPS in the UK, I may just hang on to it and transfer it when my Australia Super gets everything sorted with the HMRC. Link to comment Share on other sites More sharing options...
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