Getting advice on transfering pension oversears

Suhusa

Are you sure doible taxation agreements also include pensions pre-retirement? Afaik the German one for example is only concerned with taxation of pensions that are paid out and apart from that the German tax agency decides what counts as taxable.

bostonerimus

You will have to apply the provisions or the UK/Germany Double Tax Treaty. These treaties are put in place to avoid double taxation and generally mutually recognize the tax deferral on money in pensions held in the countries and give guidance on where income will be taxed. A google of UK/Germany tax forums and a talk to a relevant expert will directly answer your questions.

rexmedorum

bostonerimus said:

You will have to apply the provisions or the UK/Germany Double Tax Treaty. These treaties are put in place to avoid double taxation and generally mutually recognize the tax deferral on money in pensions held in the countries and give guidance on where income will be taxed. A google of UK/Germany tax forums and a talk to a relevant expert will directly answer your questions.

I assume you mena UK/Netherlands, but yes indeed which is a faf I'd prefer to avoid by transfering if it's not a complete disaster financially

Marcon

rexmedorum said:

I'm looking to transfer to The Netherlands. As you say it could get complicated tax wise and indeed who knows whether we'd still be allowed a UK account by the time we retire.

I can't seem to work out the value of the pension pots fro the statements, both are `defined benefit` schemes I think (USS and teachers pensions)

You can't because there aren't any 'pots' with DB schemes. The Cash Equivalent Transfer Value (CETV) bears no discernible relation(!) to the numbers you see on your statements.

The only way to find out is to ask the scheme to supply a CETV - which is then only valid for 3 months, so you need to be in a position to move swiftly or you'll need to start the whole advice process again.