UK Trade magazine - Money Marketing 05/06/08 warned - UK Pension savers that have transfered their pension funds to an authorised pension scheme in Australia could face a 40% tax charge for unauthorised payments following a change in the Australian tax law, a leading international IFA is warning.
Since 2004, any growth in the assets held in a qualified registered overseas pension scheme has been liable to tax at 15% if the scheme benifiary is under retirment age.
There is obviously more to the artical but I saw this and thought it worth posting.
I welcome anyones thoughts.
UK Financial Adviser (Soon to be Adelaide Oz)