July, 11, 2016

UKpensionguru has received a question from James in Brisbane, Australia, which will be of interest to others

UKpensionguru has received a question from James in Brisbane, Australia, which will be of interest to others

The question was “I have a pension in the UK that I was looking to bring to my Superannuation Scheme in Australia. Will this be affected by the new Lifetime Cap that has been introduced?”

The short answer is yes! Australia has followed the UK style of introducing a Lifetime Allowance with a lifetime cap of AUD 500,000 on transfers to your Superannuation Scheme and a tax penalty above this level.

However, UKpensionguru can help those with UK and Irish pensions now living in Australia transfer into international pensions without any tax liability, so do not hesitate to seek our advice in this area.




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UKpensionguru has received a question from James in Brisbane, Australia, which will be of interest to others

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