SIPP from overseas

2ADH

Morning

My wife and I are planning to permanently move to Oz next year. We have an income in the UK from renting our house out. Is it possible to open a SIPP whilst in the UK and put money in it whilst overseas?

Regards

2ADH

Daniel_Elkington

If you are planning to permanently move to Oz, why would you want to keep UK assets?

besti

What part of the question asked if they needed advice on whether they should keep UK assets. You can still pay into a SIPP but I don't think yoiu will get tacx relief as you will not ne paying UK tax.

Daniel_Elkington

Thanks for the useful post besti, however a SIPP is a UK asset.

It's useful to attempt to understand the person behind the query, the maths and the technicalities are all well and good, but they may be completely wrong for the individual's lifestyle choices.

Unless there is a specific reason for keeping a house half the way across the world then it may be a better idea to sell up, use principal private residence relief to eliminate any CGT liability and buy a b2l in Oz.

Which leads to the question; if a permanent move, why would you want to pay into a personal pension in the UK?

Simply why are you considering this as there is no clear and immediate reason that either of your investments make any sense.