CyprusLiving

When I move to Cyprus I can obviously have my occupational (UK Government) pension and - at 65 - my OAP sent to my Cypriot bank and subsequently pay local taxes.

However, the changes to the UK pension rules being implemented from April 2011 would appear on the surface to give me a lot more options regarding my current pension fund.

As I qualify wrt the Minimum Income Requirement I will apparently be able to undertake drawdown without limits. If I wished I could draw the whole lot down in one lump - having taken the 25% TFC and then pay UK tax on the rest. What exactly are the implications for somebody resident in Cyprus in this situation?

See my post 'what the annuity shake-up will mean to you.

If you need more info please contact me.

All the best