Australia news Archives - Page 2 of 2

Australian QROPS list what is really going on

Posted on March 13, 2016October 30, 2019 by simon

Much has been made of the fact that Australian pension transfers are increasing at a dramatic rate as the number of schemes on the Australian QROPS list expands – because people are setting up their own self-managed super funds (SMSF’s). However, lifting the lid on this shows that in the...Read More

Pension transfer times blow out causing tax headaches

Posted on January 3, 2016March 1, 2016 by simon

Pension transfer times have increased dramatically since the introduction of new regulations in the UK form 6 April 2015. In a raft of legislative changes the HMRC: Now require UK pension schemes to undertake their own due diligence on the schemes that they are transferring to Require any transfer...Read More

New NZ regulations to cause more turmoil

Posted on September 6, 2015March 1, 2016 by simon

Access to funds from NZ superannuation schemes to be extremely limited at age 55 Schemes can change their rules without your consent Rules will change on 1 December 2016 at the latest Since the turmoil of UK regulations that eliminated all KiwiSavers and Australian schemes as qualifying...Read More

QROPS list changes – Australian and KiwiSaver Schemes no longer QROPS

Posted on March 20, 2015March 1, 2016 by simon

If you are currently transferring your pension to an Australian QROPS or KiwiSaver scheme action is immediately required to avoid a 55% tax on the transfer If you have already transferred into an Australian QROPS or KiwiSaver you may be stuck permanently The industry is in shock following recent...Read More