UK Pension

[Pamela]

We are in Australia on a bridging visa is it advisable to transfer our pensions to Australia.  We are both retired and get state and company pensions.  We would like to leave our pensions in the UK and bring them out as and when we need the money over here is this advisable.  Would be grateful for any advice that anyone can give us.  

We have always found this site very useful for advice so will look forward to your replies and advice

thank you

 

Pam

[Andrew from Vista Financial]

Hello Pamela

In relation to your private pensions........are these in payment already?

Thanks Andy

[Pamela]

Thanks for your reply Andy

Yes we already receive these pensions they go into our bank accounts in the UK.  We have been retired for the last 5 years.  We were granted the bridging visas in August 2017.  

Thank you

 

Pam

 

[Andrew from Vista Financial]

Hello Pamela

In that case it makes no difference from a tax perspective whether you have the payments paid directly to your Australian or UK Bank.

Is that is what you are trying to ascertain??

Andy