Transfer Process

 

Pro-Active Advice  has a 3 step process for your pension transfer:

 Step 1

Engage Pro-Active Advice for a Pension Transfer Options Report by contact us via email, this website or by phone. We will send you our Letter of Engagement document and a list of required information and supporting documents.

 The Pension Transfer Options Report will be prepared by a licensed Australian based financial adviser that will liaise with you directly. The fee for this report is AUD $330 per family (including GST). This will outline;

• You, your spouse's and any adult children's current pension analysis, including current transfer values
• A pension transfer assessment outlining your options
• UK State Pension assessment

We believe that it's imperative that a transfer analysis is undertaken to assess the viability of a potential transfer. Contrary to the advice of some planners not all funds should be transferred!

 Step 2

If, after the transfer analysis is completed, you decide to transfer your funds to an Australian superannuation fund, a Pro-Active Advice financial planner will prepare a Statement of Advice for you. Having an experienced Australian planner to recommend a suitable Australian superannuation fund for you is very important. Transferring to the wrong fund could cost you at least 40% in tax.

Our experienced planners can recommend a variety of superannuation funds that are Qualifying Recognised Overseas Pension Schemes (QROPS). These will be tailored to meet your individual investment needs.

You will be charged a transfer fee. These are;

• Balances under AUD 50,000 will incur a maximum equivalent fee of 3% of the transferred amount.
• Balances over AUD 50,000, will incur a maximum equivalent fee of 1.5% of the balance transferred.
• For higher balances, generally over AUD 500,000 this fee will be reviewed and is capped at 1.1%.

All fees include GST with most transfer fees being charged on the funds arrival in Australia if necessary and paid from the funds if required. How the fees will be charged will be advised to you in advance.

 

Step 3