Pension transfer limits reduced
Feb 9th 2007, 4:26 pm
#1
B9BUR
Thread Starter
Joined: May 2006
Location: hampshire
Posts: 8
Pension transfer limits reduced
We're off to Perth in June and transferring pension funds to Oz. I've just been called by my pension transfer advsors to tell me that the Australian government has announced that the maximum amount of pension fund that you can transfer into Oz is going to be reduced from the current $1m to $450k with effect from 1st July 2007. In return you won't be taxed on the resultant pension earnings.
So, if you are transferring your pension to Oz do it before 1st July. The good news is that the rule about having to work for a day in order to draw your pension has been dropped - in fact you don't now even have to be in the country!
So, if you are transferring your pension to Oz do it before 1st July. The good news is that the rule about having to work for a day in order to draw your pension has been dropped - in fact you don't now even have to be in the country!
Feb 9th 2007, 6:29 pm
#2
Joined: Jan 2006
Posts: 3,376
Re: Pension transfer limits reduced
We're off to Perth in June and transferring pension funds to Oz. I've just been called by my pension transfer advsors to tell me that the Australian government has announced that the maximum amount of pension fund that you can transfer into Oz is going to be reduced from the current $1m to $450k with effect from 1st July 2007. In return you won't be taxed on the resultant pension earnings.
So, if you are transferring your pension to Oz do it before 1st July. The good news is that the rule about having to work for a day in order to draw your pension has been dropped - in fact you don't now even have to be in the country!
So, if you are transferring your pension to Oz do it before 1st July. The good news is that the rule about having to work for a day in order to draw your pension has been dropped - in fact you don't now even have to be in the country!
Feb 9th 2007, 9:09 pm
#3
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: Pension transfer limits reduced
We're off to Perth in June and transferring pension funds to Oz. I've just been called by my pension transfer advsors to tell me that the Australian government has announced that the maximum amount of pension fund that you can transfer into Oz is going to be reduced from the current $1m to $450k with effect from 1st July 2007. In return you won't be taxed on the resultant pension earnings.
So, if you are transferring your pension to Oz do it before 1st July. The good news is that the rule about having to work for a day in order to draw your pension has been dropped - in fact you don't now even have to be in the country!
So, if you are transferring your pension to Oz do it before 1st July. The good news is that the rule about having to work for a day in order to draw your pension has been dropped - in fact you don't now even have to be in the country!
Feb 9th 2007, 9:28 pm
#4
BE Enthusiast
Joined: Aug 2005
Posts: 472
Re: Pension transfer limits reduced
We're off to Perth in June and transferring pension funds to Oz. I've just been called by my pension transfer advsors to tell me that the Australian government has announced that the maximum amount of pension fund that you can transfer into Oz is going to be reduced from the current $1m to $450k with effect from 1st July 2007. In return you won't be taxed on the resultant pension earnings.
So, if you are transferring your pension to Oz do it before 1st July. The good news is that the rule about having to work for a day in order to draw your pension has been dropped - in fact you don't now even have to be in the country!
So, if you are transferring your pension to Oz do it before 1st July. The good news is that the rule about having to work for a day in order to draw your pension has been dropped - in fact you don't now even have to be in the country!
Feb 9th 2007, 9:31 pm
#5
BE Forum Addict
Joined: May 2006
Location: In the tree across the road, watching you with binoculars.
Posts: 1,556
Feb 10th 2007, 12:48 am
#6
da Bonehead
Joined: Jan 2004
Location: Lion in da jungle
Posts: 22,767
Re: Pension transfer limits reduced
Anyone know what I can do about the $1.4m I will have to leave behind ? 
Feb 10th 2007, 3:42 am
#10
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: Pension transfer limits reduced
As per my article on Go Matilda News last September:
http://www.gomatilda.com/news/article.cfm?articleid=396
Best regards.
http://www.gomatilda.com/news/article.cfm?articleid=396
Best regards.
Feb 10th 2007, 6:56 am
#11
Just Joined
Joined: Jan 2007
Location: Halifax
Posts: 17
Re: Pension transfer limits reduced
We're off to Perth in June and transferring pension funds to Oz. I've just been called by my pension transfer advsors to tell me that the Australian government has announced that the maximum amount of pension fund that you can transfer into Oz is going to be reduced from the current $1m to $450k with effect from 1st July 2007. In return you won't be taxed on the resultant pension earnings.
So, if you are transferring your pension to Oz do it before 1st July. The good news is that the rule about having to work for a day in order to draw your pension has been dropped - in fact you don't now even have to be in the country!
So, if you are transferring your pension to Oz do it before 1st July. The good news is that the rule about having to work for a day in order to draw your pension has been dropped - in fact you don't now even have to be in the country!
