British Expats

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-   -   Pensions from UK (https://britishexpats.com/forum/spain-75/pensions-uk-909844/)

tortis Mar 1st 2018 12:12 pm

Pensions from UK
 
Has anybody heard or know something about...

The 2017 budget legislation stipulates that pension transfers outside of the EU (EEA) are subject to a tax charge of 25% of the entire value. It looks like, the moment the UK leaves the EU under Brexit, the Government will want to tax the pensions of all British expatriates in Europe.?????

Tortis

lurchio Mar 1st 2018 12:56 pm

Re: Pensions from UK
 
Woah tiger! Are we talking about STATE pensions or transferring PRIVATE pensions into stuff like QROPS ( not my field, of course) or whatever.

How do YOU perceive it?Sensationalised, incomplete or speculative so called 'News' you may hear is sometimes the worse thing.

lurchio Mar 1st 2018 12:57 pm

Re: Pensions from UK
 
And sorry, 'Welcome!'

tortis Mar 1st 2018 1:02 pm

Re: Pensions from UK
 
I think it is speculative too, but...
that is why I am eager to hear from other people.

Thank you.

bobd22 Mar 1st 2018 1:57 pm

Re: Pensions from UK
 
I think this is what you are referring to?

http:// https://www.gov.uk/transferr...pension-scheme

Having your state pension paid in another country is totally different, as simply payment not a transfer.

Otto The Squid Mar 8th 2018 10:59 am

Re: Pensions from UK
 

Originally Posted by tortis (Post 12453569)
I think it is speculative too, but...
that is why I am eager to hear from other people.

Thank you.

I am not sure anyone can answer that. I have seen people, with a vested interest in QROPS sales, push this point hard to get business.

For the vast majority, there is little to be gained from a transfer to a QROPS but an awful lot to potentially lose via hidden fees, high charges and generally second rate investment advice.

tortis Mar 8th 2018 11:58 am

Re: Pensions from UK
 
I guess, we will just have to wait and see, isn't it?

Otto The Squid Mar 8th 2018 12:55 pm

Re: Pensions from UK
 

Originally Posted by tortis (Post 12458586)
I guess, we will just have to wait and see, isn't it?

Yes. Act in haste and repent at leisure.


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