.png)
.png)
The old country and the new
Key points
- Pensioners considering moving between the UK and Australia should consider the effect on their pension receipts.
- Most retired people in Australia will receive their pension free of tax.
- For UK residents income from an Australian superannuation fund is likely to be an overseas pension and taxable here.
- The default position is that a lump sum from an Australian superannuation fund is taxable income.
- Payments for foreign service before 6 April 2017 may be eligible for foreign service relief.
- Pension payments may become taxable after a period of temporary non-residence.
Despite the countries being half a world apart there is it seems still a close relationship between the UK and Australia. There are estimated to be more than 100 000 Australians living in the UK and more than a million UK expats in Australia and television programmes giving British families the opportunity to live in Australia for a week ahead of possible migration...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
