Pension Transfer to Australia/NZ

 

Is a transfer to Australia or New Zealand is in your best financial interest, or are there better options in the UK? If the advice is to transfer, how should this be done to save you tax?

These are key decisions which can make a large difference to what your after tax pension fund will be worth.

Your Options – A Choice of Two

1.    Full Advice Option

This is a very comprehensive service, providing you with fully regulated written advice, including an depth signed off recommendation by one of our UK pension transfer specialists on whether or not your UK pension fund should be transferred to Australia/NZ. We go in-depth and investigate whether there are any scheme funding issues, actuarial calculations, guarantees you may forfeit and how your death and spouses benefits will be impacted – so that you are provided with the best possible advice on how and when to act.

2.    Pension Transfer Assist Option [Discounted Service]

This is our discounted information only transfer option – the help you need, tailored to your own requirements, at a low price. Quite simply, if you are looking for a cut price service and want to have your UK pensions transferred to Australia or New Zealand, our “PT Assist” service is for you. We can co-ordinate the full administration work for you, or simply act as a helpline. The service starts from as low as GBP195 but is not available for final salary schemes.

When Should I Act?

A cross border transfer can easily take over 6 months when you consider scheme turnaround times in both locations. Combined with  Australian time restrictions and valuable exemptions available on moving to Australia or New Zealand you are best placed to commence the process up to 6 months prior to your departure date. As our UK based team will do most of the work in the same timezone as the schemes, you will have best chance to beat the timeframes, obtain the exemptions and minimise your tax bill.