Brett Evans

If the balance is, you know, say 50,000 pounds, the cost of going through that whole process may not be worth it.

Don't forget too, you've got the situation where the ATO give you six months to move pensions into Australia.

And after that, they'll tax you on any growth post that period.

So if you don't.

Look, I mean, if you've got a 500, 700 million pound pension fund, it does make sense.

Yeah.

Because in the UK, they tax in pension phase, not an accumulation phase.

So if you work in the UK for 20 years and build up quite a big pension and

and then you move back to australia say age 60 you've now passed the 55 release mechanism in the uk you can do a transfer from the uk to australia and then essentially you've had this nice tax-free growth in the uk on your pension and then you move to australia and you have tax-free growth in pension phase in australia the catch is the same contributions that still apply

So 120K on the non-concessional three-year rules and all those things are the same as well too.

But people find it very difficult to try and shoehorn a large balance into super over a very short amount of time because that money can only go from your UK pension to your Australian super account.

Look, I mean, it depends on the person.

It really depends on the person.

So you've got places like Denmark, for example, that do unrealised capital gains tax on foreign ETFs.

So if you hold VAS and all the favourites of the Australian market in terms of ETFs,

and move to Copenhagen, they would do a mark-to-market on your ETF and taxi that way.

Their tax rates are quite high.

There's an expat version as well too.

They do have a local pension, but it's not portable.

So sometimes clients end up gathering pension accounts like baseball cards if they've moved around a bit.