Is Transferring your private pensions taxable?
#1
BE Enthusiast
Thread Starter
Joined: Apr 2007
Location: Was East Sussex, Now Titirangi, Auckland.
Posts: 771
Is Transferring your private pensions taxable?
I've a number of private pensions in the UK and wish to find out about transferring them and maybe cashing some of them in. Does anyone know what the tax ruling is, how to do it and who to use etc?
any suggestions would be great.
any suggestions would be great.
#2
Forum Regular
Joined: Feb 2012
Posts: 87
Re: Is Transferring your private pensions taxable?
I've just become a resident here and also retire in a few months so have been researching this myself.
This link seems to answer a few questions.
http://www.uk-pension-transfer.co.nz...ove-funds.html
However, I manage my own pension in the UK (a SIPP) rather than let those robbing b...rds in the City get their hands on it. So I'm not overly happy about having to hand it lock stock and barrel over to some fund manager in NZ. That said I just discovered that I am limited by UK law to taking a maximum drawdown of just 5.6% p.a. from my fund when I retire (Known as the GAD rate in the UK).
This link seems to answer a few questions.
http://www.uk-pension-transfer.co.nz...ove-funds.html
However, I manage my own pension in the UK (a SIPP) rather than let those robbing b...rds in the City get their hands on it. So I'm not overly happy about having to hand it lock stock and barrel over to some fund manager in NZ. That said I just discovered that I am limited by UK law to taking a maximum drawdown of just 5.6% p.a. from my fund when I retire (Known as the GAD rate in the UK).
Last edited by BlackCrossInResidence; Mar 22nd 2012 at 9:37 am.
#3
BE Enthusiast
Thread Starter
Joined: Apr 2007
Location: Was East Sussex, Now Titirangi, Auckland.
Posts: 771
Re: Is Transferring your private pensions taxable?
I've just become a resident here and also retire in a few months so have been researching this myself.
This link seems to answer a few questions.
http://www.uk-pension-transfer.co.nz...ove-funds.html
However, I manage my own pension in the UK (a SIPP) rather than let those robbing b...rds in the City get their hands on it. So I'm not overly happy about having to hand it lock stock and barrel over to some fund manager in NZ. That said I just discovered that I am limited by UK law to taking a maximum drawdown of just 5.6% p.a. from my fund when I retire (Known as the GAD rate in the UK).
This link seems to answer a few questions.
http://www.uk-pension-transfer.co.nz...ove-funds.html
However, I manage my own pension in the UK (a SIPP) rather than let those robbing b...rds in the City get their hands on it. So I'm not overly happy about having to hand it lock stock and barrel over to some fund manager in NZ. That said I just discovered that I am limited by UK law to taking a maximum drawdown of just 5.6% p.a. from my fund when I retire (Known as the GAD rate in the UK).