Bill Wood
Joined: 10/13/2021
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RE: UK Tax on Australian Superannuation
Could we please do some worked examples to this forum ? 1. Fred is resident in the UK and has $500,000 in an Australian superannuation fund in accumulation phase. The fund makes $50,000 pays 15% tax in Australia and the fund grows to $542,500 during the UK tax year and Fred does not take any money out. Does Fred have to pay HMRC tax on the $42,500 ? Thanks Bill