Important update for 6 April 2015 UK legislation changes impacting UK pension transfers.
On 30 June 2016 MLC received a letter from the UK tax office, Her Majesty's Revenue & Customs (HMRC), notifying us that HMRC will not be pursuing the tax charges that arise on those who transferred UK tax-relieved pension savings to MLC super Funds, between 6 April 2015 and 1 July 2015.
Due to the 6 April 2015 UK legislation changes communicated last year, the majority of Australian superannuation funds, including our Funds, no longer meet the requirements of a Qualifying Recognised Overseas Pension Scheme (QROPS).
This means we're not accepting any new UK pension transfer requests, and you may be unable to rollover to another superannuation fund. We recommend you seek advice from a registered tax agent and/or a financial adviser for any future UK pension transfer requests, accessing your UK pension benefits or rolling over to another Australian fund.