Pensions from UK
#1
Forum Regular
Thread Starter
Joined: Nov 2015
Location: valencia
Posts: 40
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
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
#2
BE Enthusiast
Joined: Aug 2012
Location: Granada Province
Posts: 549
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.
How do YOU perceive it?Sensationalised, incomplete or speculative so called 'News' you may hear is sometimes the worse thing.
#3
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Joined: Aug 2012
Location: Granada Province
Posts: 549
Re: Pensions from UK
And sorry, 'Welcome!'
#4
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Joined: Nov 2015
Location: valencia
Posts: 40
Re: Pensions from UK
I think it is speculative too, but...
that is why I am eager to hear from other people.
Thank you.
that is why I am eager to hear from other people.
Thank you.
#5
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,624
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.
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.
#6
Forum Regular
Joined: Dec 2011
Posts: 193
Re: Pensions from UK
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.
#7
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Joined: Nov 2015
Location: valencia
Posts: 40
Re: Pensions from UK
I guess, we will just have to wait and see, isn't it?