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Pensions from UK

Pensions from UK

Old Mar 1st 2018, 12:12 pm
  #1  
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Angry 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.?????

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Old Mar 1st 2018, 12:56 pm
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Default 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.
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Old Mar 1st 2018, 12:57 pm
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Default Re: Pensions from UK

And sorry, 'Welcome!'
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Old Mar 1st 2018, 1:02 pm
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Default Re: Pensions from UK

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

Thank you.
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Old Mar 1st 2018, 1:57 pm
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Default 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.
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Old Mar 8th 2018, 10:59 am
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Default Re: Pensions from UK

Originally Posted by tortis View Post
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.
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Old Mar 8th 2018, 11:58 am
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Default Re: Pensions from UK

I guess, we will just have to wait and see, isn't it?
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Old Mar 8th 2018, 12:55 pm
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Default Re: Pensions from UK

Originally Posted by tortis View Post
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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