UK Pensions Transfer Australia
The Benefits of transferring your UK Pension to Australia
You can realise a host of benefits when you transfer your UK pension to Australia. One such benefit is the tax advantages you are entitled to when you transfer your UK pension to an Australian superannuation fund. By consolidating your UK pension into an Australian super fund, you will not have to pay any tax, in retirement. In contrast, if you leave your pension in the UK and receive a UK pension income, you will be required to pay tax in Australia.
By transferring your UK pension to Australia:
- You gain greater control over your money.
- You will have the flexibility of full access to your pension, when you retire from age 60, giving you greater control over how you manage and invest your money.
- Your beneficiaries can be looked after. In Australia you can pass the full benefit of your super on to your beneficiaries. On the contrary, many UK pension funds pay a reduced benefit to a spouse and often nothing to the rest of the family.
Everyone’s situation is unique and by seeking professional advice from us, we will guide and support you on the best way to transfer your UK pension to Australia.
How does it work?
What Client’s Say
Peter Almond efficiently and carefully guided myself and my wife through the processes for transferring a UK pension into an Australian superfund, taking care of all the bureaucracy. This was unknown territory for us, but it has proved to have been a really worthwhile exercise, and, thanks to Peter, a painless one.