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Getting my UK pension

Steve Brown

By Steve Brown
in Money & Finance

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Steve Brown Newbie

Steve Brown

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Hi guys,

 

I will be 55 in August 2019, therefore able to draw on my UK pensions. Does anyone have any advice on how to do this without paying ridiculous amount so tax?

We became Australian Citizens in 2000, have a few smaill-ish pensions; I was in contact with a company earlier this year who would have transferred my funds to Isle of Man which, sounded like a good idea at the time. I contacted an organisation here who advised against the Isle of Man (some more issues with tax apparently), so am not going down that track, they also said that they only manage funds of $100k + as smaller amounts do not really benefit... 

All really confusing.

Is anyone else in the same position or 'been there and done that"?

 

looking forward to replies, thank you

Steve

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