UK Pension Transfer
In the past few years there have been a number of new laws concerning the transfer of UK private or company pension scheme funds.
As we are specialists in this field we are completely up to date with UK and Australian Legislation changes, both of which need to be considered in each individual case to ensure a transfer is in your best interest.
Transferring UK Pension Funds delivers substantial benefits:-
* SAVE up to 45% tax on your pension fund
Australian superannuation legislation provides for all benefits paid out of an Australian fund to be made tax free if you are aged 60 or above at the time of withdrawal.
* CONTROL the capital value of your pension
There are a number of UK schemes that only provide for a pension to be paid in retirement and have no capital value available to you.
* PRESERVE your estate for your beneficiaries
Most UK pensions cease upon the death of the second life (typically husband or wife) whereas Australian superannuation schemes allow for the funds to be passed on to your estate - often your children - upon the death of the second life.
We provide a report that includes a detailed comparison showing what your situation would be if you left your money in the UK against what you can reasonably expect an Australian fund to provide for you.
We will look at taxation differences, estate planning differences and income levels to determine the best place for your funds to be.
Please note transfers completed within the first 6 months of residency are free of tax!
You have made the move to Australia and so the question now is - should your Pension move over as well?
It’s easy to get started, we’ll do all the work.
Please call Carol, our Authorised UK Pension Fund Adviser on 9322 7029 or free call 1800UK FUND (1800 85 3863).
As we are specialists in this field we are completely up to date with UK and Australian Legislation changes, both of which need to be considered in each individual case to ensure a transfer is in your best interest.
Transferring UK Pension Funds delivers substantial benefits:-
* SAVE up to 45% tax on your pension fund
Australian superannuation legislation provides for all benefits paid out of an Australian fund to be made tax free if you are aged 60 or above at the time of withdrawal.
* CONTROL the capital value of your pension
There are a number of UK schemes that only provide for a pension to be paid in retirement and have no capital value available to you.
* PRESERVE your estate for your beneficiaries
Most UK pensions cease upon the death of the second life (typically husband or wife) whereas Australian superannuation schemes allow for the funds to be passed on to your estate - often your children - upon the death of the second life.
We provide a report that includes a detailed comparison showing what your situation would be if you left your money in the UK against what you can reasonably expect an Australian fund to provide for you.
We will look at taxation differences, estate planning differences and income levels to determine the best place for your funds to be.
Please note transfers completed within the first 6 months of residency are free of tax!
You have made the move to Australia and so the question now is - should your Pension move over as well?
It’s easy to get started, we’ll do all the work.
Please call Carol, our Authorised UK Pension Fund Adviser on 9322 7029 or free call 1800UK FUND (1800 85 3863).