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Income from Australian Pension

Income from Australian Pension

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Old Mar 13th 2010, 4:16 pm
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Default Income from Australian Pension

Can anyone give me an idea of how much annual pension income could be expected per 10,000 AUD invested in an Australian QROPS qualifying pension fund?

Also, is it easy enough to transfer the amount from a UK pension fund to a QROPS fund without involving an agent who would charge a percentage of the pension pot?
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Old Mar 14th 2010, 12:48 am
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Default Re: Income from Australian Pension

Originally Posted by hwilson
Can anyone give me an idea of how much annual pension income could be expected per 10,000 AUD invested in an Australian QROPS qualifying pension fund?
Unclear how you can expect a straight answer to that question, if you think about it. Many variables.
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Old Mar 14th 2010, 4:05 am
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Default Re: Income from Australian Pension

Originally Posted by hwilson
Is it easy enough to transfer the amount from a UK pension fund to a QROPS fund without involving an agent who would charge a percentage of the pension pot?
Most QROPS funds will do it for you free of charge. It's just a question of filling in forms and waiting.
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Old Mar 14th 2010, 6:52 am
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Default Re: Income from Australian Pension

Originally Posted by JAJ
Unclear how you can expect a straight answer to that question, if you think about it. Many variables.
I would agree, if I was looking for an accurate quote, but I'm just looking at a rough cut, to compare taking the pension in the UK or in Australia.

Someone out there is likely to have gone though the exercise, or just started to take an income from their pension fund.
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