UK pensions transfer tax

kenivan

New member

Member since 25 July 2017

Cebu City, Central Visayas

kenivan

22 September 2017 22:37:54

kenivan

22 September 2017 22:37:54

Cebu City, Central Visayas

Good evening. We have been planning our retirement to Mauritius. We are currently SA citizens living in SA, planning to relocate to MU in 6 months or so. Our pensions are sterling based in UK. The British Government introduced a "transfer tax" on all pensions transferred outside the UK effective March 2017. Is anyone going through the same problem? I.E. planning their retirement only to deal with the shock of 25% UK transfer tax on their pension? Does anyone in MU have any advice or experience to offer? Apparently the UK Government does not charge the tax if the pension is transferred to a QPRO scheme? Any advice or information or contact appreciated. Thank you

Raj18

Active member

Member since 17 February 2017

Yet to be decided!

Raj18

24 September 2017 11:23:08

Raj18

24 September 2017 11:23:08

Yet to be decided!

Afraid I cannot offer advise as have no expereince or knowledge but I too would be interested to find out more on this topic.

kenivan

New member

Member since 25 July 2017

Cebu City, Central Visayas

kenivan

24 September 2017 11:44:52

kenivan

24 September 2017 11:44:52

Cebu City, Central Visayas

Thank you for your reply. If you Google UK government pensions transfer tax....you get to the proprt UK Government tax Web page. From there you can search for MU approved QPROS. There are only 2.