Pension Advice
May 16th 2008, 7:40 am
#1
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Location: NORTH LAKES, BRISBANE
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Pension Advice
Hi
Am leaving Uk Armed Forces, I will have a pension (monthly) and a lump sum. How will i be able to manage this in Oz? Can I have monthly pension paid into Oz account?
Thanks in advance for any help
Big Bear
Am leaving Uk Armed Forces, I will have a pension (monthly) and a lump sum. How will i be able to manage this in Oz? Can I have monthly pension paid into Oz account?
Thanks in advance for any help
Big Bear
May 16th 2008, 11:21 am
#2
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Re: Pension Advice
I have my pension paid into OzForex's Barclays account and they transfer it in $$ to my Australian bank account.
May 16th 2008, 11:32 am
#3
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Re: Pension Advice
OK
do you then get taxed on it?
do you then get taxed on it?
May 16th 2008, 11:35 am
#4
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Re: Pension Advice
Obviously not in the UK. It forms my Australian income and is taxed here.
May 16th 2008, 11:40 am
#5
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Location: NORTH LAKES, BRISBANE
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Re: Pension Advice
Ok , the only reason I ask is that I will be medically discharged, where my pension is tax free! It looks like I will have to look into a bit more then
Cheers
Cheers
May 16th 2008, 11:29 pm
#6
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Joined: Mar 2003
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Re: Pension Advice
If it is income it will be taxed here unless you can find some reciprocal or local agreement.
