Tax specialists on Pension transfers in Oz.
Dec 2nd 2010, 7:59 am
#1
A happy pom in Oz!
Thread Starter
Joined: Oct 2004
Location: WA
Posts: 111
Tax specialists on Pension transfers in Oz.
Please list details of EXPERT foreign pension transfer Tax specialists in each state regards reducing the TAX aspect of superannuation tranfers.
It is easy to pay a lot to get the pension over to Aus ...
not so easy to make sure that the tax is minimal two or three years on!
It is important...
If you are not careful you could get well and truly screwed by the ATO.
It is easy to pay a lot to get the pension over to Aus ...
not so easy to make sure that the tax is minimal two or three years on!
It is important...
If you are not careful you could get well and truly screwed by the ATO.
Dec 2nd 2010, 9:43 am
#2
A happy pom in Oz!
Thread Starter
Joined: Oct 2004
Location: WA
Posts: 111
Re: Tax specialists on Pension transfers in Oz.
Please list details of EXPERT foreign pension transfer Tax specialists in each state regards reducing the TAX aspect of superannuation tranfers.
It is easy to pay a lot to get the pension over to Aus ...
not so easy to make sure that the tax is minimal two or three years on!
It is important...
If you are not careful you could get well and truly screwed by the ATO.
It is easy to pay a lot to get the pension over to Aus ...
not so easy to make sure that the tax is minimal two or three years on!
It is important...
If you are not careful you could get well and truly screwed by the ATO.
you could have a loss of 30,000 pounds off your 20 year pension very easily ...
Dec 2nd 2010, 11:32 am
#3
Devil's Advocate
Joined: Feb 2008
Location: Mandurah
Posts: 2,269
Re: Tax specialists on Pension transfers in Oz.
I think your very blunt direct tone with emphasis in caps and bold is keeping posters away.
I think (and I may no apologies for my bluntness) you'd have to be pretty stupid if you didn't get professional advice with pensions transfers or at the very least do some serious research on your own (and its not hard to).
There are potentially large tax pitfalls if you get it wrong as you allude to but I think the liability is far worse than you think.
Transfer more than 6 months into a non QROPS scheme and the potential tax loss is 60%. On a 20 year pension that will (or should be) considerably more than GBP30K.
Maybe you could repharse you original post, explain your situation and people more knowledgable than in these matters may be more inclined to help.
I think (and I may no apologies for my bluntness) you'd have to be pretty stupid if you didn't get professional advice with pensions transfers or at the very least do some serious research on your own (and its not hard to).
There are potentially large tax pitfalls if you get it wrong as you allude to but I think the liability is far worse than you think.
Transfer more than 6 months into a non QROPS scheme and the potential tax loss is 60%. On a 20 year pension that will (or should be) considerably more than GBP30K.
Maybe you could repharse you original post, explain your situation and people more knowledgable than in these matters may be more inclined to help.
