We can facilitate an integrated global solution, incorporating UK advice (where required) from FCA licenced advisers, known specialists and leaders within the UK transfer marketplace. UK FCA Advice costs £900 and UK SIPP set up (where required) costs £1,850. If you are aged below 55 yrs and have a UK DB (Defined Benefit/Final Salary) scheme, you should consider transferring into a UK SIPP until you turn 55 yrs of age.
Secure a higher Transfer Value for DB Schemes:
Transfer Values for Defined Benefit / Final Salary Schemes have been at all-time highs for the past several years with UK interest and gilt rates at historical lows. These values have been predicted to decline as interest and gilt rates were predicted to rise. Recent evidence from client CETVs received in January 2017 have shown these values have now begun to decline.
If you are under 55 yrs of age and have a UK DB Scheme (Defined Benefit/Final Salary Scheme), we may be able to assist you in securing your CETV (Cash Equivalent Transfer Value) via an interim UK SIPP, thus keeping your retirement monies secure* until you are eligible to transfer to Australia. We can facilitate an integrated global solution, incorporating UK advice (where required) from FCA licenced UK advisers, known specialists and leaders within the UK transfer marketplace.
CETVs (Cash Equivalent Transfer Values) can vary significantly (up or down) each time they are calculated. CETVs can be much higher or much lower than the previous calculation and this can occur within short periods of time, even as short as 3 months (as per our client case study below). Each quote is usually guaranteed for a period of 90 days from date of issue and is based upon a number of factors, including current market conditions (eg interest rates & gilt rates), benefits to be received by members and the investment strategy of the Scheme.
- Jun 2012 CETV - £1,598,753
- May 2013 CETV - £1,366,464 (↓ £ 232,289 = 14.5% drop in 12 mths)
- Aug 2013 CETV - £1,492,766 (↑ £ 126,302 = 9.2% increase in 3 mths)
Additional Fees for the UK advice component are circa GBP 900 for the UK Statement of Advice and GBP 1,850 to set up an appropriate UK SIPP for initial transfers (as required).
Call Sterling Planners on 1300 132 737 to discuss our Over 55 SMSF Transfer Option or our Under 55 Secure your CETV Option.