UK Tax Residents with Australian Superannuation
We specialise in UK and Australian tax advice for Australian superannuation funds that are held by UK tax residents.
If you hold Australian superannuation and live in the UK, we can assist with:
UK tax advice in relation to how your Australian superannuation will be taxed on withdrawal;
This includes Australian superannuation funds that have been subject to ROPS (Recognised Overseas Pension Scheme) and QROPS rollovers (Qualifying Recognised Overseas Pension Scheme) from UK pension schemes;
This also includes Australian Government Superannuation and International Pension Plans; and
The Australian tax and superannuation rules on withdrawing your Australian superannuation funds.
If you are looking for UK and Australian tax advice for Australian superannuation funds held by UK tax residents, why not get in touch to find out more about how we could help?
We can help you to potentially reduce your UK tax by:
Assessing whether you are eligible for foreign service relief on lump sum withdrawals;
Assessing whether you are eligible for a 25% UK tax-free lump sum withdrawal from your Australian superannuation fund;
Claiming the UK’s remittance basis of taxation where appropriate;
Claims under the UK/Australian Double Tax Agreement for persons who are dual UK and Australian tax residents;
Where someone has died, assessing whether a UK tax-free withdrawal can be made from the deceased’s Australian superannuation fund member’s account;
Advising on the UK IHT implications of holding Australian superannuation on death.
We can also assist to potentially reduce Australian tax on death by:
Advising you on the untaxed, taxed and tax-free elements of your Australian superannuation funds; and
Assisting you with choice of beneficiaries so that the funds can be received in a tax efficient manner.
We are not licenced to supply financial planning advice however, we also work with various financial planning firms in the UK and Australia and can refer you to a suitable financial planner, if you require financial planning advice.
If you are looking for UK and Australian tax advice for Australian superannuation funds held by UK tax residents, get in touch to find out how we could help.