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Andrew from Vista Financial

Important - Have you transferred UK Pension (QROPS)? Please read

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Hi Julie

 

Email responded to :)


Financial Adviser (FPA Member AFP ®) Specialising in UK Expat Advice and Pension Transfers / AR-322874 /AFSL-234951

SMSF Accredited Adviser / UK SIPP Authorised Adviser 

Director  - Vista Financial Services – www.vistafs.com.au 08 8381 7177

 

Please note that my advice is general advice only and professional financial advice should be sought for your own personal situation.

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Hi Andrew

Great reading your posts - very informative. I have transferred my UK pension to AUS; 5 years not quite expired yet. Can I move the funds to a different company provided they are also Qrops qualified?

Regards

Troy

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Hi Andrew

Great reading your posts - very informative. I have transferred my UK pension to AUS; 5 years not quite expired yet. Can I move the funds to a different company provided they are also Qrops qualified?

Regards

Troy

 

Hi Troy

 

The breach timeline is actually 5 full tax years of being a non UK tax resident and therefore this could mean almost 6 years for some.

 

Regards moving from one QROPS provider to another, this is possible to do without creating a breach so long as all other rules are adhered to.

 

Regards

 

Andy


Financial Adviser (FPA Member AFP ®) Specialising in UK Expat Advice and Pension Transfers / AR-322874 /AFSL-234951

SMSF Accredited Adviser / UK SIPP Authorised Adviser 

Director  - Vista Financial Services – www.vistafs.com.au 08 8381 7177

 

Please note that my advice is general advice only and professional financial advice should be sought for your own personal situation.

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Hi all ...

 

I have 4 small private pensions in the UK that I want to transfer to my SMSF. I have the list of forms that I need to complete ... and first on the list is the Revenue form APSS251 which I need to complete to enable the Revenue to issue a QROP approval number to my SMSF to pass on to my pension fund in the UK to go to the next step. My SMSF meets the QROP requirements ... all I need is to complete the form. Has anybody managed to complete this form? ... for example, how does one complete Q12 - "Which section of the tax legislation provides for tax relief for personal and employer contributions?" ... and Q12 " Which section of the tax legislation covers the tax rules for benefits from the scheme? ...

 

All SMSF shoukd be in the same position ... so the answers to all questions on the form should be the same for all SMSF ... my question is, does anybody have a sample completed form?

 

 

Help!!

 

Allan.

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Hi all ...

 

I have 4 small private pensions in the UK that I want to transfer to my SMSF. I have the list of forms that I need to complete ... and first on the list is the Revenue form APSS251 which I need to complete to enable the Revenue to issue a QROP approval number to my SMSF to pass on to my pension fund in the UK to go to the next step. My SMSF meets the QROP requirements ... all I need is to complete the form. Has anybody managed to complete this form? ... for example, how does one complete Q12 - "Which section of the tax legislation provides for tax relief for personal and employer contributions?" ... and Q12 " Which section of the tax legislation covers the tax rules for benefits from the scheme? ...

 

All SMSF shoukd be in the same position ... so the answers to all questions on the form should be the same for all SMSF ... my question is, does anybody have a sample completed form?

 

 

Help!!

 

Allan.

 

Hi Allan

 

Did you manage to sort this?


Financial Adviser (FPA Member AFP ®) Specialising in UK Expat Advice and Pension Transfers / AR-322874 /AFSL-234951

SMSF Accredited Adviser / UK SIPP Authorised Adviser 

Director  - Vista Financial Services – www.vistafs.com.au 08 8381 7177

 

Please note that my advice is general advice only and professional financial advice should be sought for your own personal situation.

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Hello.

 

I have been told that there has been a change in UK QROPS regulations which means that only on QLD super fund is currently eligible to receive funds from UK pensions. I can't seem to find anything about this and as i was just about to transfer my UK pension fund to my Australian Super fund which was QROPS approved this is a bit of a blow. Can any one tell me if this is true?

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Hello. I have been told that there has been a change in UK QROPS regulations which means that only on QLD super fund is currently eligible to receive funds from UK pensions. I can't seem to find anything about this and as i was just about to transfer my UK pension fund to my Australian Super fund which was QROPS approved this is a bit of a blow. Can any one tell me if this is true?

 

Hi Addy

 

This is correct, have a look here this explains how things stand currently: http://www.pomsinoz.com/forum/money-finance/235043-important-uk-pension-transfers-post-6-april-15-a.html

 

Regards

 

Andy


Financial Adviser (FPA Member AFP ®) Specialising in UK Expat Advice and Pension Transfers / AR-322874 /AFSL-234951

SMSF Accredited Adviser / UK SIPP Authorised Adviser 

Director  - Vista Financial Services – www.vistafs.com.au 08 8381 7177

 

Please note that my advice is general advice only and professional financial advice should be sought for your own personal situation.

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Hi Andrew

 

I am planning on migrating to Oz in 2016 or Q1, 2017. I have a DB pension pot and a DC pot that I would look to transfer. I recall the rules used to allow you to transfer these ta free if done within 6 months of landing. Does this still apply ? Are there any obvious rules I need to consider ?

 

thanks

 

Pommie


(ANSCO 221112 MANAGEMENT ACCOUNTANT); CPA Skills Assessment submitted 10th May - Positive Skills assessment 19/05/2015 - CPA Australia; Pearson PTE Academic (10/07/15 R90; W89; S90; L90); EOI updated 11/07/2015 (70 points); Invitation received 03/08/2015; Visa lodged 04/08/2015; docs all front loaded... Visa grant 23 September 2015 :wink:

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Hi Pommie

 

There has been quite few changes of late in this area, have a look here for starters: http://www.pomsinoz.com/forum/money-finance/235043-important-uk-pension-transfers-post-6-april-15-a.html

 

Regards

 

Andy


Financial Adviser (FPA Member AFP ®) Specialising in UK Expat Advice and Pension Transfers / AR-322874 /AFSL-234951

SMSF Accredited Adviser / UK SIPP Authorised Adviser 

Director  - Vista Financial Services – www.vistafs.com.au 08 8381 7177

 

Please note that my advice is general advice only and professional financial advice should be sought for your own personal situation.

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