Having just arrived and with no house purchase in sight, we have a largeish sum in the bank (in wife's name)

A casual chat with an advisor led us to be told that she can put money into a pension fund that will lead to her paying only 15% instead of almost 50% tax, while still being able to get at the capital when required. (She is 62, BTW).

Is this right? It seems too easy....

Rog,

Have a chat with my colleague Peter Ranson, on 07 3226 1800 ...

Best regards.

Better still convert the sum once in the super fund to an allocated pension with full access to all the capital and with no tax at all.

I thought you would have known this from seeing your observations on britexpats site?

Regards

Eh??

I may be thick (in fact I am constantly being told that) but I don't remember posting anything on this.

We are always told that if something seems too good to be true then it probably is. And it is a fact that there are a whole lot of folk out there who see you as merely a conduit between your bank account and their own. So all I was doing was asking a question!

OK. All I was doing was giving you an answer one order better than the question you asked.

Check it out to see and you'll see that its correct.