Sterling Planners have been the market leaders in UK pension transfers to Australia for 20 years. We specialise in tax optimising large transfer values and are considered one of the most reputable and experienced QROPS specialists in Australia. If you want your transfer done right, in a tax optimised manner, Sterling Planners are the prudent choice for expert QROPS advice - watch the testimonials above from some of our discerning, financially knowledgable clients.
We assist UK migrants (and returning expats) to transfer (eligible) UK pension funds from the UK to Australia as a lump sum. We offer an integrated global solution, incorporating UK advice (if required) from FCA licenced UK advisers, UK SIPP set up (if required), SMSF set up (where required) and all intra-UK and overseas transfers.
Be wary of companies that cold call you, offering free QROPS advice and no face to face meetings, as these may be scams. Companies previously promoting offshore transfers to Malta, Gibraltar, Guernsey, NZ & Isle of Man (often based in Hong Kong or Spain) are now restricted by the HMRC 25% Overseas Transfer Charge (tax), announced in March 2017. If you do not currently reside in the same country as the QROPS fund you transfer to, you will be subject to a 25% tax.
Save Money on UK Pension Transfers - Utilising our professional transfer services could save potentially thousands of $$$ - click here for details.
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.
Basic Eligibility Criteria:
Most personal, company and civil service (funded public sector) pensions can be transferred as a lump sum for those aged 55yrs or over if:
The fund has NOT yet begun paying a pension payment or annuity (excluding draw down pensions)
The funds are transferred into an Australian Superannuation fund on the HMRC ROPS List. See our Over 55 SMSF Transfer Option - click here.
For funded Civil Service/Public Sector Pensions that are eligible for transfer - eg. Local Govt Pensions Schemes and USS - (Universities Super Scheme) - they usually require completion of the transfer prior to turning 60 yrs old - (we recommend getting transfer quotes at least 9mths prior to your 60th birthday)
All unfunded Civil Service Schemes (eg NHS, Teachers, Police, Firefighters, Armed Forces) CANNOT BE TRANSFERRED - effective from 6 April 2015 - click here for details.
UK pension transfers to Australia are complex and time consuming. We can save you time, money and the hassle.
We offer a comprehensiveUK Pension Report for your particular situation which includes:
detailed financial comparisons between leaving the funds in the UK Vs transferring to Australia
calculation of Australian tax obligations (if applicable)
comparison of retirement planning and estate planning benefits
exchange rate considerations and options
outline of requirements and obligations for SMSF set up, procedure for obtaining inclusion on the HMRC ROPS list and ongoing administration and /or wind up of SMSF
outline of applicable transfer fees plus any relevant fees for the legislated UK advice required on the transfer of Defined Benefit Schemes
the fee for our comprehensive UK Pension Report is $1,650 (incl GST). It is strongly recommended that you obtain this professional advice before making any decision about transferring your UK pension
In addition, we offer -
a complimentary meeting/consultation with a QROPS specialist adviser prior to commencement of the advice process in order to ensure your complete satisfaction with our company expertise and transfer process.
Our FREE UK Pension Transfer E-book contains:
QROPS/ROPS Information - including 6 April 2012 and 2015 changes
Which UK pensions are eligible for transfer to Australia
Our Checklist - All the questions you should consider before making any decisions about your UK pension transfer.
January 2018 Breaking News:
A well known UK company pension scheme has announced that effective from February 2018, all new Cash Equivalent Transfer Values (CETVs) issued for their Defined Benefit/Final Salary Pension Scheme will… Read More.
January 2018 Update.
Breaking News - a well known UK company DB (Defined Benefit) pension scheme has announced all future Cash Equivalent Transfer Values (CETVs) from February 2018 will be reduced by 20% to help alleviate their underfunding… Read More.
October 2017: Sun-Herald, Money Article - 'Thousands of Aussies caught in tougher rules to transfer British pensions'. Laura McGeoch explains how UK legislative changes implemented in April 2015 have resulted in thousands of Australian… Read More.
May 2017 Update - From 1 July 2017, clients who are close to or have already reached their total Australian super fund balance of $1.6M, may have viable options to transfer additional UK pension funds to their Australian (complying… Read More.
Effective from 9 March 2017, transfers to offshore schemes (such as NZ, Malta, Gibraltar, Guernsey etc) will now be subject to a 25% HMRC tax charge unless both the individual and the QROPS reside in the same country.
As predicted… Read More.
An article by James Phillips in Professional Pensions highlights that growing speculation over a ban on UK (DB) Defined Benefit Scheme transfers could lead to a rush on members requesting early transfers. Sterling Planners have witnessed… Read More.
Breaking News - Effective from 9 March 2017, legislation will be introduced in Finance Bill 2017 such that transfers to QROPS requested on or after 9 March 2017 will be taxed at a rate of 25% unless both the individual and the QROPS… Read More.
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.
Important News for Large Transfer Values - If the combined values of all your UK pensions (including past benefit crystallisation events such as transferring to QROPS and income drawdown) as at 5 April 2014 was greater than £1.25 million… Read More.
An opportunity exists prior to 1 July 2017 for some UK Pension Transfers given the recent Australian Super Changes. On 15 September 2016 the Government announced some significant changes to the superannuation proposals previously… Read More.
2017 UK DB (Defined Benefit/Final Salary) Scheme Update - some CETVs begin to decline: Two recent developments have caused a surge in transfer requests for UK DB schemes:
The long predicted decline in CETVs (Cash Equivalent Transfer… Read More.
Nic Blakemore, Sterling Planners Director, talks about our Sterling Investment Options in this video:
FOR CLIENTS CONCERNED WITH FLUCTUATING EXCHANGE RATES - retain and invest your UK Pension Transfer in GBP/Sterling (if you are… Read More.
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.
Fortnum Practice of the Year Award - 2015
Ray Miles, Executive Chairman of Fortnum Financial Group Ltd, presents Brent Hutton, owner and founder of Sterling Planners Pty Ltd with the highly coveted Practice of the Year Award for 2015.
It… Read More.
An academic study conducted by researchers at Brisbane's Griffith University has argued the case for professional financial planning.
Griffith Business School senior lecturer Rakesh Gupta, believes that " there needs to be a change… Read More.
Britons are retiring in Australia in ever increasing numbers. In March 2015, Money Management Magazine published an article titled " Britons looking towards Australia for retirement ". A large cohort of British baby boomers are looking… Read More.
In April 2015, the ATO made a new interpretive ruling, 'clarifying' how growth and any potential taxes on UK pension transfers are to be calculated (differing from previous ATO private rulings on this matter). The previous ruling… Read More.
NEWS FLASH: Pension Transfers from UK (unfunded) Public Sector Pension Schemes will cease from 6 April 2015 [including MyCSP, NHS, Police, Firefighters, Teachers, Armed Forces, SPPA (Scottish Public Pensions Agency - both Scottish… Read More.
End of Financial Year Strategies:
If you are between 55 and 65 years of age - click here If you are Employed - click hereIf you are Self Employed or living off investments - click hereIf you are thinking of boosting your Partners… Read More.
The Australian Tax Office (ATO) is urging all taxpayers with offshore assets to declare their interests, ahead of a global crackdown on undeclared international income and tax havens.
The ATO's voluntary disclosure initiative, 'Project… Read More.
Are you resident in Australia with property in the UK? If so, proposed changes to the UK capital gains tax, effective April 2015, may impact your financial situation.
If you are living in Australia but still have property in the UK,… Read More.
With the end of the 2012-13 financial year just around the corner, Sterling Planners have summarised everything you need to consider regarding your superannuation - including Government co-contribution, spouse super contributions,concessional… Read More.
QROPS Guidance - On April 6 2012, new regulations were introduced in the UK, changing the reporting requirements of a Qualifying Recognised Overseas Pension Scheme ('QROPS').
Her Majesty's Revenue and Customs (HMRC) made a decision… Read More.
In November 2012, a cheque for $20,000 was presented to Nick Evans, RPA Newborn Care - Head of Department, byJulie Hutton from Sterling Planners (far right of photo) and Margaret Miles from the Fortnum Foundation 1000 Club.
Sterling… Read More.
Sterling Planners have created a summary of financial strategies for your consideration as we approach the end of the 2011/12 financial year.
These strategies include information regarding Salary Sacrifice, Contributions Splitting,… Read More.
Effective May 4th 2012, our company trading name changed from PTD Financial Services Pty Ltd to Sterling Planners Pty Ltd.
Our principal director, Brent Hutton established the Pension Transfers Direct (PTD) business in Perth, WA in… Read More.
Our previous 3 YEAR FINANCIAL VIEW was issued to all existing clients, effective from November 2011.
Please find an updated version of this document effective from April 2012.
Click Here to view the document.
Here at Sterling Planners Pty Ltd we believe strongly in supporting our community and giving back in a meaningful and significant way. These are the charities and organisations that we currently support.
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 *this website holds information for Australian Residents only.