SIPP into overseas pension scheme

Suhusa

sultan123 said:

Suhusa said:

sultan123 said:

So no overseas pension pot gets you tax relief? E.g. reduced net income, 20% back etc??

Why would other countries have the exact same tax schemes as the UK?

More do they have a tax relief system at all. Seems like the answer is no?

They do have tax relief systems, for their own residents (in the same way that the UK also offers tax relief only to UK residents).

Linton

sultan123 said:

dunstonh said:

Because the UK SIPP investments seem more risky in terms of growth.

SIPPs are whole of market for investment choice.  That is over 30,000 different investments available.   So, there isn't much logic in your argument there.

Yeah but they are always risky?

Why do you think that investments in foreign pensions wont be equally risky?

sultan123 said:

bostonerimus said:

Forget about ROPs and QROPS. You can invest however you like inside UK based pension wrappers and tailor your risk and you get all the protections of UK regulation and tax advantages. Going overseas will be expensive and you'll have the added risk of foreign regulation and dealing with cross boarder taxation. You'll also be swimming in shark infested waters. If you are considering this you need to read and understand the applicable Double Taxation Treaty and that should put you off doing it.

So no overseas pension pot gets you tax relief? E.g. reduced net income, 20% back etc??

It would seem that employer scheme payments into certain overseas pensions could get tax relief.  However you would need to have opened the pensions prior to starting the employment.  Presumably this facility is intended for employees of global companies.  But perhaps that isnt what you are after.  

I do not think you can do what you want and I fail to understand what you would gain from it anyway.