Stephen Smith
Joined: 10/24/2024
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QROPS Rollover to Non-QROPS Australia
Hi there I have been resident in Australia since 2008,moving from the UK and intend to remain in Australia permanently. I transfered a UK Pension to an Australian QROPS Superannuation Fund in 2022. I turn 60 in November 2024 and have retired, meaning I will have reached my Preservation Age in Australia and will be eligible to access my Superannuation Funds tax-free. Please can you advise whether: 1. I can roll-over my QROPS fund in to another Australian non-QROPS Fund without incurring any UK Tax or penalties? 2. I can withdraw from my QROPS fund without incurring any UK Tax or penalties? Thank you for your help with this. Steve