Why Transfer?

If you expect to retire in Australia, then in most* cases, it will be financially beneficial to transfer your UK pension into the Australian superannuation system. If you are concerned about exchange rates, it is possible to retain the funds in GBP Sterling, thus exchange rate fluctuations are not a reason to delay transferring. Getting expert QROPS advice could potentially save you thousands of $$$ on your transfer - click here to see how.

 * The decision to transfer your UK pension to Australia requires professional advice. It may not always be in your best interest to do so.

Breaking News 9 March 2017: QROPS transfers to New Zealand, Malta, Guernsey, Isle of Man etc will now incur a tax charge of 25% on the total transfer value if the individual does not reside in the same country as the QROPS - click here for more details.

Main benefits of transferring to Australia:  Refer to our FREE UK Pension Transfer e-book

  • Tax Advantages - Australian Super withdrawn at retirement is usually tax free, whereas pension payments in the UK are usually taxable at marginal tax rates. Up to 45% potential tax savings are available for compliant transfers (i.e. non-compliant transfers attract a penalty of up to 55% of the total transfer value). There was an ATO interpretive tax ruling on UK Pension Transfers in April 2015 - See Latest News Article - ATO Tax Ruling.
  • Freedom of Choice - Australian Superannuation offers greater flexibility at retirement (choose either a lump sum, an Annuity, an Account Based Pension or a combination) plus greater potential to monitor and adjust your investment portfolio.
  • Consolidation of your Assets - Having all of your pensions in one place means having only one set of tax and pension rules to comply with and one set of administration fees.
  • Estate Planning - Protect Your Asset and your Loved Ones -  Australian superannuation generally pays out 100% of your money to your nominated beneficiaries versus a reduced sum (or sometimes nothing at all) under the UK pension system.

 

How to get started?