Do you have a UK LGPS (Local Government Pension Scheme)?
If so, get some advice on the potential benefits of transferring those funds.
Many people believe they cannot transfer their civil service pensions from the UK, due to the 2015 UK legislation which banned the transfer of all unfunded civil service schemes such as the NHS, Teachers, Police & Firefighters Pensions.
However, some civil service schemes are still eligible for transfer because they are fully funded, such as the LGPSs (Local Government Pension Schemes) and USS (Universities Superannuation Scheme) and there are usually tax advantages associated with transferring the funds into a ROPS and potential benefits to securing the funds into a UK SIPP.
Contact our experienced Client Service Team on 1300 132 737 if you have any questions.
If you are over 55 yrs, you should investigate the option of transferring those funds as a lump sum into a ROPS (recognised overseas pension scheme) in Australia.
If you are under 55 yrs, you should investigate the option of transferring those funds into a UK SIPP.