There have been a lot of changes to the rules around under 55’s transferring their UK pension to Australia. While you cannot transfer your UK pension to Australia or other jurisdictions now, you may want to consider your options.

Why you should consider taking action now? Transfer Values for Defined Benefit / Final Salary Schemes are at all-time highs given that UK interest rates are at historical lows. Evidence suggests these values are likely to decline if/when interest rates rise. For members under 55yrs we can assist in securing your cash equivalent transfer value via an interim UK SIPP.

Australian QROPS provides a comprehensive “End to End” transfer solution, incorporating independent UK advice from FCA licensed UK advisers with ASIC regulated Australian Advice to ensure an efficient and secure transfer of your UK pension to Australia.

To find our more information please contact Australian QROPS

Is your UK pension pot over £1 million?Anyone who has pension benefits with a value in excess of the lifetime allowance (LA) will be subject to a tax charge on their excess benefits value known as the lifetime allowance charge.  This tax charge could be as high as 55%. For advice on excess benefits contact Australian QROPS.