3

Hope the question isn't too convoluted, but here goes: We are moving to Germany, permanently, into full time employed roles - from the UK where we currently have our own business. To reduce my business tax obligation here in the UK it was suggested by my accountant that I add funds to my pension.

I'd like to add those funds to a German pension plan which later allows me to apply some or all of those funds towards the purchase of a house and increase my down payment - but it of course needs to be seen by HMRC as a 'regular' pension plan in Germany.

Questions are:

  1. Can I do this / do you know of any plans that allow this?

  2. Can I open the German pension plan now (a month before I arrive there and start work / have a bank account, etc... this is necessary to move the funds to the pension plan before my business year end at the end of this month?

  3. If 2 can't happen, can I move the funds to a UK pension plan now and then transfer them next month to a German plan (and how would that work)?

1
  • 1
    I'm voting to close this question as off-topic: it requires legal input by both tax attorney and the German State tax authorities . – Giorgio Aug 2 '17 at 17:10