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 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 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 transfer is compliant [i.e. complies with all the UK QROPS/ROPS rules or the Australian ATO tax rules]. In addition, HMRC do not guarantee that transfers to schemes on the ROPS list will be free of tax. It is your responsibility to find out whether you have to pay tax on any transfer of pension savings.
Sterling Planners 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 transfer Statement of Advice, allowing you to make a fully informed decision about whether or not a UK transfer would benefit you financially.