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Forum: Canada

Feb 12th 2018, 7:43 pm

Replies: 66

Cashing in final salary pension.

Views: 11,174

Posted By Kentonmag

Re: Cashing in final salary pension.

A further update I have just had the CRA phone me up. The guy had talked to his superiors he told me that as long as it is only a switch of a UK Company pension plan into a UK SIPP, and I am not...

Forum: Canada

Feb 10th 2018, 4:11 pm

Replies: 66

Cashing in final salary pension.

Views: 11,174

Posted By Kentonmag

Re: Cashing in final salary pension.

There is no difference between having it in the UK Company Pension or SIPP than having it in an RRSP in Canada in that until you draw money from it, it is tax exempt. Once you draw money from it then...

Forum: Canada

Dec 28th 2017, 5:57 pm

Replies: 66

Cashing in final salary pension.

Views: 11,174

Posted By Kentonmag

Re: Cashing in final salary pension.

As I said I am dealing with an international financial advisor, they set it up and they also recommend the SIPP to invest, no different to TD Waterhouse telling you what to invest your RRSP's in, in...

Forum: Canada

Dec 28th 2017, 5:50 pm

Replies: 66

Cashing in final salary pension.

Views: 11,174

Posted By Kentonmag

Re: Cashing in final salary pension.

I am 61 years old and, along with my wife, looking to retire in 2018. If I wasn't contemplating retiring I would not be looking to move my Company pension into a SIPP, or a QROP's for that matter,...

Forum: Canada

Dec 28th 2017, 5:02 pm

Replies: 66

Cashing in final salary pension.

Views: 11,174

Posted By Kentonmag

Re: Cashing in final salary pension.

I am about to set things in motion, both my wife and I have UK Company pension plans that we are looking to transfer into SIPP's this year since the QROP option appears to have gone for now, and...

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