A Few Facts About Transferring UK Pension to Australia

A Few Facts About Transferring UK Pension to Australia

05:41 10 March in Blog

Moving to Australia can be an exciting time, but it might become a cause for worry when you are unsure of what you should do with your finances and pension. You might be glad to know that it is possible to do a UK pension transfer to Australia, but the process can be challenging. However, UK expats who have moved to Australia are able to succeed with help from a specialist. Here are a few facts you should know about the process and what you can do:

  • Get help from a pension transfer specialist:

Find a credible and trustworthy international financial advisory firm that specialises in UK pension transfer to Australia. They will save you from the hassle of doing the transfer by yourself, and they can potentially help you save on taxes when you let them handle the financial aspect of the transfer. This way, you can maximise your pensions and savings.

  • Transfer anything:

It does not matter whether you want to transfer an occupational or personal pension, a defined benefit, SSAS, SIPP, or an unfunded scheme, and whether it will come with a guaranteed annuity rate, safeguarded rights, or an enhancement. The process will be tailored to your financial situation. Transfer specialists usually provide a free initial investigation to see if a transfer is the best solution.

  • Things to expect:

Working with experts for UK pension transfer to Australia can save you from all the guesswork involved in the process. They will provide a detailed report on your situation and it will include an analysis, recommendations on what to do, reasoning, and a review of your schemes. You can have them implement their advice for you, too.

  • The benefits:

Successful UK pension transfer to Australia will provide you with more control over your investment strategy. You can start investing locally, while reducing currency risks and taxes.