Jump to content
  • Sign Up
stevehier75

Armed forces pension

Recommended Posts

I'm sure Andre or Adam will be along later to confirm, but unless you are over 55 it is almost impossible to transfer your pension to Australia under the rules.

Share this post


Link to post
Share on other sites

Armed Forces Pensions Society should be able to give you some advice on whether to get it paid in UK or Oz as I know you have the option of getting it paid in either country. Not so sure you would be able to transfer it though.

 

Regards

 

Sarah

Share this post


Link to post
Share on other sites

Hi Stevehier75,

My AFP I have paid into my Lloyds account in the UK and then transfer it via Moneycorp into my Oz bank account. This way there are no bank charges/transfer fees. You can also fix the sterling or exchange rate for a set period so you know exactly what is coming across every month. It works very well for me and my OH who both have AFpensions.

Share this post


Link to post
Share on other sites
Hi Stevehier75,

My AFP I have paid into my Lloyds account in the UK and then transfer it via Moneycorp into my Oz bank account. This way there are no bank charges/transfer fees. You can also fix the sterling or exchange rate for a set period so you know exactly what is coming across every month. It works very well for me and my OH who both have AFpensions.

 

 

 

What is the tax issue with this option?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Use