diana bosworth
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gaining access to my Super in Australia
Hi despite a lot of research I have been unable to receive a straight answer to this question we have superannuation funds in Australia which we would like to bring over to the UK what is the most tax efficient way of doing this? we can not transfer this money to a UK fund it is not QORP the money has already been taxed in Australia scenario 1 for example if we were to withdraw the super of a hypothetical amount of $100,000 and transfer it to the UK - what would be the tax on it? scenario 2 if we were to convert the $100, 000 to an income drawdown account what would be the tax implications of the income drawdown amount? A straightforward easily understandable reply would be helpful please
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RRSPs
Hi despite a lot of research I am still unable to ascertain what is the most tax efficient way of accessing my savings I Understand as a non resident these will be taxed at 25% if withdrawn as a lump sum what are the tax implications of depositing a lump sum form Canda to here from withdrawing my RRSPs? what are the tax implications of converting my RRSPs to a RRIF and receiving the funds as income drawdown on a regular basis? I do not understand why this has to be so complicated
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