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Forum: Canada

Jun 8th 2012, 3:11 am

Replies: 25

HMRC PENALTIES

Views: 5,456

Posted By Lancashirelady

Re: HMRC PENALTIES

mjwalker007 Thanks for the info. I do see why the adviser may have thought this was best. But to pay $133,500 for the sake of $20,000, I nearly hit the floor.

With the money we will save from...

Forum: Canada

Jun 8th 2012, 3:01 am

Replies: 25

HMRC PENALTIES

Views: 5,456

Posted By Lancashirelady

Re: HMRC PENALTIES

Sorry I thought your question related to the new rules as of April 6, 2012.

Forum: Canada

Jun 8th 2012, 2:50 am

Replies: 25

HMRC PENALTIES

Views: 5,456

Posted By Lancashirelady

Re: HMRC PENALTIES

Tangram, reading the new rules the 5 years penalty stays the same but HMRC have extended the period in with the companies have to report a withdrawal to 10 years. I am sure that is to test the...

Forum: Canada

Jun 8th 2012, 2:45 am

Replies: 25

HMRC PENALTIES

Views: 5,456

Posted By Lancashirelady

Re: HMRC PENALTIES

Believe me we have thought long and hard about the decision but we have no other way to make things work.

Yes it worries me how it will affect our retirement but I would rather get to retirement...

Forum: Canada

Jun 8th 2012, 2:01 am

Replies: 25

HMRC PENALTIES

Views: 5,456

Posted By Lancashirelady

Re: HMRC PENALTIES

I'm hoping that it's not the case. Rang the HMRC but the QROP's adviser is not in until Monday.

I assumed that since they are not applying it as a tax but a penalty charge. Then it would not be...

Forum: Canada

Jun 7th 2012, 3:38 pm

Replies: 25

HMRC PENALTIES

Views: 5,456

Posted By Lancashirelady

Re: HMRC PENALTIES

Hi There,

Okay so I have a pension withdrawal question. We transferred our UK pensions here in 2009 but due to financial issues at the moment we are looking to access $20,000 of it. I know...

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