Pensions

[Guest jneilh]

I transferreed my UK super to Australia several years ago. I am now thinking about retiring back n the UK. Does anyone have any knowledge or experience of taking their super pension with them? And also of taking large sums of money eg from house sale. I'm having difficulty getting any firm infornation

[Guest chris955]

I don't imagine there would be any major problems with taking your Super, it could just be paid into a UK bank account. As for transferring a large sum of money that is best done through a bank, maybe one with branches in both countries ?

[wijay]

For transfering money, you could use of the forex company like Hifx, Moneycorp, ozforex, currency online. Usually the rate is better than the bank. just open a free account with them, compare the rate, and transfer your money. there is (usually) no fee.

 

regards

[Guest jneilh]

thanks for the replies guys, but i was more concerned with possible tax implications of takin super out of australia and then into the uk

[Guest guest30038]

thanks for the replies guys, but i was more concerned with possible tax implications of takin super out of australia and then into the uk

 

I'd hazard a guess that although super is tax free here, the UK would tax it if it's above the taxable income level.

 

kev