Horatio3000 Palmer
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RE: QROPS Rollover to Non-QROPS Australia
Can I ask why there would be UK tax implications for withdrawing from a QROPS when the individual has satisfied the conditions of release under Australian superannuation rules? If the individual was in the UK, they would be able to access the entire pot via UFPLS (retired or not). Why would they therefore be penalised for effectively doing the same thing in Australia within 5 years of a switch from a UK-based pension? Are you saying nobody is ever allowed to access a QROPS within 5 years of switching from a UK-based pension regardless of their age, how long they've been a foreign resident or the rules of the country they now live in?