UK Pension Transfers to Australia
Sterling Planners are market leaders in UK pension transfers (QROPS/ROPS)
Our Free UK Pensions E-book provides valuable information about the defined benefit schemes, (Company Pension schemes and various personal pension plans. It is not relevant to UK State Pension enquiries (i.e. Old Age Pensions from your National Insurance contributions) for unfunded Civil Service Pensions (i.e. NHS, Teachers, Police, Armed Forces etc..) as these pensions are not eligible for transfer to Australia. If you are enquiring about the UK State pension you will need to contact the UK State Pensions Department on (+44) 191 218 7777.
If you are a UK migrant or returning expat, residing in Australia, Sterling Planners specialise in transferring your eligible UK pensions to Australia as a lump sum in a tax optimised solution (if aged 55yrs and over) or transferring your UK employer defined benefit/final salary scheme or personal schemes into a UK Self Invested Pension Plan (SIPP) (if aged under 55 yrs). Our experienced advisers have transferred more than £850 million over the past 22 years. In that time, we’ve dealt with some of the largest and most complex UK pension transfers, so we understand the nuances of the process and the constantly changing QROPS, tax and Superannuation regulations.
We offer an integrated global solution incorporating our expertise in Australian superannuation, QROPS, and mandatory UK advice (if required by HMRC) from accredited FCA licensed UK advisers.
UK pension transfers to Australia can be complicated and onerous. Getting the process wrong can be costly and time consuming.
It’s essential you have the right advisers helping you through this process. Transferring your funds to a non-compliant overseas fund structure could result in a penalty tax by Her Majesty’s Revenue and Customs (HMRC) of up to 55% of the value of the transfer.
Transferring into an offshore fund (in Malta, Gibraltar, Isle of Man or New Zealand etc) when you do not reside in the same country at the time of transfer, will incur the HMRC Overseas Tax Charge (OTC ) of 25% of the transfer value.
Engaging our transfer services will save you time and potentially thousands – even tens of thousands of dollars. We specialise in large transfer values and ensure your transfer is completed in a compliant and tax efficient manner.
Our integrated global solution, depending on your situation may include:
- UK advice (required by regulation) from an FCA licensed UK advisers
- UK Self Invested Pension Plan (SIPP) establishment
- ROPS registered Self-Managed Super Fund (SMSF) establishment
- undertaking all intra-UK and overseas transfer requirements.
Free Ebook for UK Pension Transfer
For further information please download our FREE UK Pension Transfer E-book or contact the client service team on 02 8904 9793