We have an SMSF that has now been recognised/registered as a QROPS by HMRC. In the past, we transferred the first 25% of the balance into our SMSF. Now there's a residual balance that we'd like to move into our Australian SMSF. All members of the SMSF are over 67 and Australian residents.
Regarding the money still in the UK, I went back to the company that held the UK pension funds when we left the UK to get a balance on the day we left England. They explained that the pension was in a pot and that their records don't show individual pension balances. They also quoted a huge amount to get that balance calculated by an actuary.
For Australian tax purposes, do we need the pension balance at the time we left the UK?
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