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Search: Posts Made By: AndrewE
Showing results 1 to 9 of 9
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Forum: Canada
May 5th 2022, 7:28 pm
Replies: 26
Views: 3,736
Posted By AndrewE

Re: Technical question about tax and UK pension

Agreed, and getting the CRA to acknowledge that the funds are from a suitable pension scheme, and therefore comply with 60J, is one of the key requirements. I think the rest of the 60J requirements...
Forum: Canada
May 5th 2022, 4:29 pm
Replies: 26
Views: 3,736
Posted By AndrewE

Re: Technical question about tax and UK pension

I don't believe it's a pension 'transfer'. I understand that for QROPs one needs to 'transfer' the pension over but for this the route (I believe) is to cash in the UK pension as a lump sum (UFPLS...
Forum: Canada
May 4th 2022, 9:42 pm
Replies: 26
Views: 3,736
Posted By AndrewE

Re: Technical question about tax and UK pension

I heard about this '60J' method of moving pensions to Canada from an (unpaid) tax lawyer and my research indicates it should work and gets round the need to use a QROPS. I have a ~GBP100k Standard...
Forum: Canada
Jul 4th 2020, 9:29 pm
Replies: 12
Views: 1,649
Posted By AndrewE

Re: UK pension taxation in UK and Canada (UFPLS)

That's it! It's not just Googling - it's knowing where to Google!

Aegon won't let me convert (crystallize) my pension into a drawdown scheme. I suspect (have heard) Standard Life may be the same....
Forum: Canada
Jul 4th 2020, 6:36 pm
Replies: 12
Views: 1,649
Posted By AndrewE

Re: UK pension taxation in UK and Canada (UFPLS)

Hi Hurlabrick - sorry about taking you back to your day job (I'm looking forward to escaping mine) but this is all great info. Although probably only for me!

By DD I actually meant drawdown. Mea...
Forum: Canada
Jul 4th 2020, 5:48 pm
Replies: 12
Views: 1,649
Posted By AndrewE

Re: UK pension taxation in UK and Canada (UFPLS)

The IFA 'pricing' is a good move. I never understood how they could get away with being called 'independent' when it was clear that they were entirely dependent on the companies whose products they...
Forum: Canada
Jul 3rd 2020, 7:45 pm
Replies: 12
Views: 1,649
Posted By AndrewE

Re: UK pension taxation in UK and Canada (UFPLS)

Thanks Hurlabrick. Understood about the 25% - I was meaning 'go back to the UK for 2-3 years to become a tax resident, take 25%, then come back to Canada' etc. I know its not a straightforward...
Forum: Canada
Jul 3rd 2020, 5:52 pm
Replies: 12
Views: 1,649
Posted By AndrewE

Re: UK pension taxation in UK and Canada (UFPLS)

Many thanks for the comments. Is the pension arrangement you're referring to with Aegon? They told me they couldn't arrange a regular payment (like you're referring to) as I was in Canada. It seems...
Forum: Canada
Jul 1st 2020, 11:14 pm
Replies: 12
Views: 1,649
Posted By AndrewE

UK pension taxation in UK and Canada (UFPLS)

Hi, I'm been very impressed with the knowledge about UK / Canadian pensions on this site and was hoping you could help me with a question.

I'm a Canadian tax resident with a reasonable UK 'defined...
Showing results 1 to 9 of 9


 
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