Expat New Drawdown Rules

Published / Last Updated on 30/04/2014

New rules coming in 2015 will allow people to drawdown as much as they want on retirement with no requirement to buy an annuity.If you have a UK based pension and are living overseas then the flexibility is still the same. Our warning however is that just because a 25% lump sum is tax free in the UK does not mean it will be tax free in the country where you live.The drawdown of remaining pension as income may be taxed differently when compared to local annuity taxes or other income taxes.

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