UK Pension Transfers - Tax Relief Granted!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Andrew from Vista Financial]

Pension Transfers - Tax Relief Granted!!!!

 

 

 

Finally tax relief has been granted for those people who were in the unfortunate position of having a UK Pension monies arrive in to Australia post 6 April 2015.

 

 

Today HMRC have confirmed:

 

 

 

Having considered the specific facts and circumstances of this case, HMRC will not be pursuing the tax charges that arise because you transferred UK tax-relieved pension savings between 6 April 2015 and 1 July 2015 from your scheme to an Australian superannuation fund that was no longer a QROPS as a result of the introduction of the pension age test.

 

 

 

HMRC have really taken their time in reaching this decision but this will be a huge sigh of relief for many people.

 

 

Regards

 

 

Andy