Getting expert QROPS advice could potentially save you thousands on a UK pension transfer - click here to see how.
If you decide to transfer a UK pension without seeking specialist QROPS advice (eg with assistance from your accountant or financial adviser) you could risk incurring greater costs overall (unless your accountant/adviser is also a QROPS expert). Nik Hayes(above), a UK Chartered Accountant, now living in Australia, explains why he sought expert QROPS advice for his own transfer, despite having substantial financial expertise himself.
For most, the risk of higher costs and/or potential penalties is just too high. As Nik Hayes so eloquently states in this video, let the experts handle the complexities of QROPS and the tax calculations for you.
Experience has proven that people who do NOT seek QROPS expertise for their transfer:
IMPORTANT NOTE: Your Australian Superannuation Fund is not responsible for ensuring your UK pension transfer is compliant [i.e. complies with all UK QROPS/ROPS rules and Australian ATO tax rules] - even though claims on their websites and in PDS brochures appear to indicate they may advise on these matters.
Sterling Planners have been the QROPS leaders in Australia since 1997 and are arguably one of the most experienced, reputable UK pension transfer specialists in Australia. Our two senior Advisors have over 23 years of combined experience with UK pension transfers. We offer a comprehensive Statement of Advice, allowing you to make a fully informed decision about whether or not a UK transfer would benefit you financially.
19 March 2018 - The UK Government has ruled out a proposed £90 billion cut in defined benefit (DB) scheme benefits through indexation changes. In last year's green paper on DB schemes, the DWP proposed 'across the board' cuts to… Read More.
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Getting expert QROPS advice could potentially save you thousands on a UK pension transfer - click here to see how. If you decide to transfer a UK pension without seeking specialist QROPS advice (eg with assistance from your accountant… Read More.
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July 5 2016. For UK Pension Transfers to Australian QROPS, made between 6 April 2015 to 30 June 2015 (inclusive), HMRC has confirmed such transfers WILL NOT be subject to any UK tax charges in relation to the transfer. For transfers… Read More.
Transfer Values for Defined Benefit / Final Salary Schemes are at all-time highs given that UK interest rates are at historical lows. Evidence suggests these values are likely to decline if/when interest rates rise. For members under… Read More.
Former Management Consultant (from a Top Tier Accounting firm), David Gooding, describes why he wanted specialist QROPS advice for his own UK Large Transfer Value (i.e. a lump sum value greater than the current Non-concessional Contribution… Read More.
Getting expert QROPS advice could potentially save you thousands of $$$ on your transfer - click here to see how. If you decide to transfer a UK pension without seeking specialist QROPS advice (or with assistance from your accountant… Read More.
On 6 April 2015, UK legislation effectively banned QROPS transfers to Australia for members aged under 55yrs of age in addition to transfers of Unfunded Public Sector Schemes (such as NHS, Teachers, Civil Service, Police, Firefighters… Read More.
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Sterling Planners Pty Ltd (AFSL Number 357306) and its advisers are members of Fortnum Financial Advisers and Authorised Representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306 | Level 9, 75 Miller Street, North Sydney NSW 2060. | PO Box 1238, North Sydney NSW 2059
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