UK TRANSFERS

With the globalisation of employment markets and Australia's significant migrant intake over the years, movement of retirement monies is an important issue. Many of these transfers are from the UK since their rules and their difficulties of pre July 2004 movement means a large pool of assets exist to transfer. Movements from other countries tend to be withdrawal and recontribution type exercises, not true transfers.

Most overseas juristictions including the UK tend to have generous retirement money accumulations, with reasonably normal taxation in retirement. Australia's nil tax post age 60 superannuation environment will be a significant incentive for people looking for a retirement place in the sun.

The links to the left will give you important information about transferring monies from the UK.