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Take Pension in Canada.
jpnt4
Posts: 1 Newbie
If a pension pot in the UK has over £90,000 in it can it be transferred to a pension scheme in Canada where the person now resides. He is 53 and would like access to it at age 55, but now lives and works in Canada.
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Comments
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Pensions cannot usually be transferred across boarders. There are QROPs, but these can be expensive minefields. However, pension income can be taken across boarders and tax treaties combined with domestic laws will allow you to get the taxation right. Double an triple check the tax treatment of the foreign domiciled pension's investments by your new country of residence before you move.“So we beat on, boats against the current, borne back ceaselessly into the past.”0
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There are no QROPS schemes approved for Canada. I'm in a similar situation and am considering transferring my pension to a SIPP.0
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Try an international SIPP.0
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