May 29, 2025May 29 On 5/28/2025 at 6:07 PM, recom273 said: I don't believe that is the only viable option, there seems to be plenty of other options, for example, using a financial advisor will limiting the tax payable, as mentioned above, opening offshore accounts may help with dealing with TRD and HMRC, along with international SIPPS may suit my purpose. Ok believe what you want, if you think you can sort it out from Thailand good luck.
May 29, 2025May 29 Author 7 hours ago, treetops said: Upthread you mentioned UFPLS as an option with the current company. That should not require you to take it all at once and incur 40% tax. You should be able to spread UFPLS withdrawals over the years keeping you in a lower tax bracket. Thanks, I just sent them an email to clarify - this is interesting. What is the negative of doing this? If I transfer my pension to a fund that welcomes expats then I can manage any future investments, does the current pension stagnate? I had a couple of good meetings with some advisors today, they were quite honest in saying that the best way to proceed, if possible, is to basically do this yourself - do as @BritManToo first suggested, but they said this is becoming increasingly difficult to manage if you are a long term expat without property in the UK - as mentioned above by @PBob now the fund know I'm not in the UK I would need to jump through hoops to prove some kind of residency - the transfer cost would be comparable to a return flight to the UK, and time spent doing the legwork - I would also benefit from having a financial advisor to lay down the foundations for any future developments, for instance, inhertance. But thanks for the tip, It will be interesting to hear the reply.
May 29, 2025May 29 14 hours ago, PBob said: Try Hargreaves Lansdowne they may allow you to transfer your pension pot into a SIPP. You will need to jump through a few hoops to proved identity. Charges on a SIPP are capped at £16.99 a month. Do they still charge management fees on funds where you already pay management fees? because of that I moved my investments to Interactive Investor
May 30, 2025May 30 Author On 5/29/2025 at 2:40 PM, treetops said: Upthread you mentioned UFPLS as an option with the current company. That should not require you to take it all at once and incur 40% tax. You should be able to spread UFPLS withdrawals over the years keeping you in a lower tax bracket. Worth a try Quote Yes, if you take a UFPLS, you will have to fully encash the plan. If this is not what you want to do, then your only other option is to transfer to a QROPS provider who may be able to offer flexi-access drawdown.
May 30, 2025May 30 16 hours ago, scubascuba3 said: Do they still charge management fees on funds where you already pay management fees? because of that I moved my investments to Interactive Investor The HL charge for a SIPP or an ISA is completely separate to any extra individual fund or trust management charges. If you have funds then the maximum £200 (16.66 per month) does not apply....... If you are in draw down then that is a whole separate set of charges https://www.hl.co.uk/pensions/sipp/charges-and-interest-rates
May 31, 2025May 31 10 hours ago, topt said: The HL charge for a SIPP or an ISA is completely separate to any extra individual fund or trust management charges. If you have funds then the maximum £200 (16.66 per month) does not apply....... If you are in draw down then that is a whole separate set of charges https://www.hl.co.uk/pensions/sipp/charges-and-interest-rates But are they charging a % fee based on other fund manager funds held? I'd expect anyone who is with them should know this answer. When I was with them they were charging
May 31, 2025May 31 On 5/28/2025 at 4:01 PM, BritManToo said: Hargreaves Lansdowne don't investigate where you live, you just need a UK address to start the ball rolling. Don't mention anything about living outside the UK, they won't ask. Then you can transfer your funds to them by filling a few forms, no need to invest, they are happy to hold cash. Then you just use drawdown to take up to 10kgbp out every year until it's gone. Dead easy, no risk, but they might take 20% tax off your drawdown, which you reclaim through your government gateway account online. But if you say you live in the UK, then you will also need to pay taxes as if you live in the UK. Cannot have both...
May 31, 2025May 31 11 minutes ago, K2938 said: But if you say you live in the UK, then you will also need to pay taxes as if you live in the UK. Cannot have both... 12,000gbp/year tax free, so you only take out 10k chunks with no tax to pay. This is how I financed age 60-65 living in Thailand, 20% tax taken, fill in an online form through government gateway, and refunded to my bank within 3 weeks. Used Hargeaves Lansdowne, the only financial firm i have ever used that didn't try to cheat me. I didn't have any funds, so no charges .........
May 31, 2025May 31 30 minutes ago, scubascuba3 said: I'd expect anyone who is with them should know this answer. Yes thanks I do...... if you had bothered to read the link I provided it set out all the charges which depend on the type of investment. However I am guessing you are referring to the .45% charge for funds.
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