ColinG – so what tax rate is paid on UK pensions as a resident? If one has State and Occupational it would be a big deal!
In the uk you are entitled to draw down 25% of your private pension tax free.
Over here once you are a resident you cannot take that element tax free so quite a significant loss.
If I hade known about this I would have taken my tax free drawdown element before applying for residencia
Gotcha! I was thinking tax allowances and tax rates so I can calculate the impact of becoming a resident.