Tag Archive: Pension

Apr 10 2017

25% Tax Penalty on Some QROPS Pension Transfers

HMRC Introduces 25% Tax Charge On Some QROPS Transfers

The Chancellor of the Exchequer used his Spring Budget to announce that, with effect from 9th March 2017, pension transfers by UK residents to QROPS (Qualifying Recognised Overseas Pension Schemes) not in the European Economic Area will be liable for a 25% tax penalty. Philip Hammond said that this policy was being introduced in the interests of “fairness in the tax system.”

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Apr 02 2017

Transfer British Pension to Australia

Getting Your British Pension in Australia

When you migrate to Australia from the United Kingdom, you may have some pension funds in the UK, and consideration must be given to what to do with them at some stage.
You may have two kinds of pension funds:
1: The Government Aged pension
2: Your own Employer funded or Private Pension

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Win a Luxurious home in Australia with Hometown Prize Draws.

For Books with Free Delivery to Australia, look at: BookDepository UK and USA