Transfer Your UK Pensions to Australia

Our Australian Expatriate Superannuation Fund (AESF) is currently Australia’s ONLY Retail Super Fund that is registered with HMRC as a Qualifying Recognised Overseas Pension Scheme (QROPS), making it the only retail fund available to accept a transfer of Pension funds from the UK. You can find us on the HMRC QROPS list under ‘The Tidswell Master Superannuation Plan’.

Our seamless pension transfer service makes it easy for you to transport your UK pension to Australia and our experienced team of retirement solution specialists are always on hand throughout the transfer journey.

ABOUT US

Who We Are

The Australian Expatriate Superannuation Fund (AESF) is a Retail Superannuation Fund that is brought to you by IVCM. IVCM is the promoter of the fund and a Global Retirement Solutions provider with retirement savings products in Australia, New Zealand, the UK and Gibraltar.

What We Do

The Australian Expatriate Superannuation Fund (AESF) provides a simple solution to transfer your UK Pension to Australia. It is a public offer, Retail Superannuation fund that is registered with HMRC in the UK as a Qualifying Recognised Overseas Pension Scheme (QROPS). The fund is listed on the HMRC QROPS register under the Tidswell Master Superannuation Plan.

Who We Work With

The fund is managed by Tidswell Financial Services Ltd. Tidswell is an approved Trustee regulated by the Australian Prudential Regulation Authority (APRA) – RSE License Number L0000888 and AFSL License Number 237628. Tidwell can be found on the HMRC ROPS list. The Administrator of the Fund is DDH Graham Limited, ABN 28 010 639 219, AFSL 226319.

uk pension transfer aesf
  • This field is for validation purposes and should be left unchanged.

WHY CHOOSE THE AUSTRALIAN EXPATRIATE SUPERANNUATION FUND

UK Pension Transfers Made Easy

The process of transferring your pension can be daunting and there are many technical complexities to consider. Our expert support team take care of these complexities and handle all of the transfer processes, so you don’t have to.

SIMPLE TRANSFER PROCESS

We take care of the full transfer administration process on your behalf, to give you peace of mind.

EXPERT SUPPORT & GUIDANCE

Our expert support team will be on hand every step of the transfer journey.

MULTI CURRENCY INVESTMENTS

Take advantage of a range of multi-currency investments within the Fund

LOW COST, TRANSPARENT FEES

All of our fees are disclosed and there are no hidden charges.

Our Australian Expatriate Superannuation Fund provides a simple solution for you to transfer your UK pension to Australia

Fill in your details and get your free AESF Pension Transfer Guide!
  • This field is for validation purposes and should be left unchanged.

GET STARTED

Take the next step to building your secure future

1- Forms

Print, complete and return our application forms

Our forms include a mandate to allow us to deal with your UK scheme provider on your behalf.

2- Identification

Provide Certified Copies of your identification documents

A passport or driving license as proof of identity. A utility bill as proof of address.

3- Apply

Send the forms and identification documents to us

Post all required documents to our office in Sydney below.

DOCUMENTS

Everything we require to start the process

Superannuation
Application Form

AESF

APSS263
AESF

AESF

Form 11
Work Test Declaration

AESF

[If aged 67 or over]

Once you have completed these forms, send them to our Sydney office, noted below, alongside your completed UK Pension transfer forms and your identification/proof of address documents.

IVCM (Aust) Pty Ltd
Lvl2, Suite 210, 25 Solent Circuit, PO Box 7403
Norwest Business Park, Baulkham Hills NSW 2153, Sydney

We can start the process if you email/scan the documents to us, but ultimately we need the original forms and documents.

Email your documents to enquiries@ivcm.com

LEGAL DOCUMENTS

Product Disclosure Statement

AESF

Investment Guide

AESF

Member Guide

AESF

Statement of Compliance

AESF

Superannuation Application Form

AESF

APSS263 - AESF

AESF

Form 11 – Work Test Declaration

AESF

[If aged 67 or over]

Form 1 – Beneficiary Nomination

AESF

Form 2 – Adviser Appointment / Remuneration

AESF

Form 3 – ATO Foreign Super Transfer

AESF

Form 4 – Benefit Payment Request

AESF

Form 5 – Change of Member Details

AESF

Form 6 – Change of Pension Payment Details

AESF

APSS241 - Change of Member Residency

AESF

Form 8 – Investment Switch & Strategy

AESF

Form 9 – Proof of Identity

AESF

Form 10 – Cancel Existing Insurance Cover

AESF

Form 11 – Work Test Declaration

AESF

Form 12 – Member Contribution

AESF

Form 13 – ATO Rollover Initiation Request

AESF

Form 14 – Authorised Representative Appointment

AESF

Form 15 – FCA Safeguarded Benefits

AESF

Pension Application Form

AESF

APSS263 - AESF

AESF

Checklist for New Business Requirements

AESF

Password Reset Process

AESF

Change of Member Details online

AESF

Guide to Access AESF Account

AESF

Document Certification Requirements

AESF

Investment Information Sheet

AESF

AESF Annual Report 2019

AESF

AESF Annual Report 2018

AESF

AESF Annual Report 2017

AESF

AESF PMIF PDS Update Notice

AESF

Important Notice

AESF

KNOWLEDGE HUB

Greater Knowledge Brings Greater Decisions

FREQUENTLY ASKED QUESTIONS

Yes, but there are certain conditions and criteria that you must meet.

  • You must be over the age of 55 - This is because in Australia, under financial hardship rules, you can access your pension funds before the age of 55 in certain circumstances. This goes against UK rules which only allows you to access your pension once you reach age 55.
  • If you are between the ages of 67 and 74 - You must meet the criteria of the ‘Work Test’. In summary, you must have been employed for at least 40 hours in a period of not more than 30 consecutive days during the financial year to pass this test.
  • MOST IMPORTANTLY - You can only transfer your UK Pension into an Australian scheme that is registered with HMRC as a Qualifying Recognised Overseas Pension (QROPS).

Step 1 – Funds are transferred to the AFEX account for the currency conversion. We use AFEX to aim to achieve the best possible conversion rate for your funds to save you money.

Step 2 – Once the currency conversion is processed, the funds are transferred to our cash account. At this stage, the transfer administration fee is deducted before the investment of funds.  We will also pay the tax due on your behalf if you have elected for us to do so.

Step 3 – Our Suppor team will invest your funds, in line with the investment instructions you specified on the application form.

Step 4 – Once the funds have been invested, you will receive written confirmation from our New Business team, which will include a member pack and your login in details to the online client portal – My Super Solutions. 

Retail Superannuation Funds are similar to UK pension plans as they offer you a wide range of investment options such as:

  • Global Stocks and Shares
  • Managed Funds
  • Deposit / Cash Based Funds

Our Australian Expatriate Superannuation Fund offers investment options available in AUD, GBP and USD which allows you to take advantage of the best currency rates when you invest your money.

A full list of the funds available with our product can be found in our Investment Guide.

The table below summarises the ongoing fees we charge. You can refer to the following documents for further details of our fees.

Product Disclosure Statement

Member Guide

Type of FeeWhen Does it ApplyWhen Fees are CollectedFee Amount
Establishment FeeUpon receipt of an application for AESFOn receipt of the first transfer or contribution of funds$595
Per Transfer In On request of a transfer via cash and / or in-specieAt request$195
Investment FeeAnnuallyAnnuallyVariable
See Investment Guide
Annual AdministrationSuper (AUD Only Investment)Annually0.60%
Super (with non-AUD Investment)0.80%
Super (QROPS AUD Investment)0.80%
Super (QROPS non-AUD Investment)1.00%
Switching Fee No switching fee is appliedN/A0.00%
Buy Sell SpreadWhen switching your investment fundsWhen the switch is made0.10%
QROPS Reporting FeeWhen taking an Income from your QROPS FundAd-Hoc$295

We would always recommend that you seek professional financial advice from a suitably qualified adviser particularly when transferring a pension. This is to ensure that you are making the right decision with your money.

However, if you are transferring a ‘defined contribution’ pension (i.e. a SIPP or personal pension plan), it is not a compulsory requirement to do so via a Financial Adviser. If you feel comfortable then you can complete the process yourself.

If you are transferring a ‘defined benefit’ pension (I.e. final salary scheme), it is a compulsory requirement to involve a financial adviser, if the value is above £30,000. This is due to the guarantees that come with these types of pensions. Your existing scheme provider would need you to obtain a Transfer Value Analysis (TVAS) Report from an FCA Qualified adviser before they would allow funds to be transferred out of the scheme.

We are NOT authorised to provide you with personal financial advice. We can only provide you with general advice regarding our product and the options available to you.

No, you are not permitted to transfer your UK State Pension to Australia.

Your UK State pension is not transferrable in the UK or overseas. You can only receive the income payments you are entitled to once you reach your state pension age.

QROPS stands for ‘Qualifying Recognised Overseas Pension Scheme’. A QROPS is an overseas pension scheme that is registered with Her Majesty's Revenue and Customs (HMRC) and can accept a transfer of UK pension funds.  They were introduced in 2006 specifically for the benefit of former UK residents who have accrued pension funds in the UK, and who intend to remain outside the UK permanently.

You can only transfer a UK Pension overseas to a scheme that has QROPS registration, like our Australian Expatriate Superannuation Fund.

A full list of registered QROPS schemes can be found here.

Yes, and we do not charge a transfer administration fee for managing the process of transferring one superannuation fund to another.

Yes, but only once you have reached your ‘Preservation Age’. Your ‘Preservation Age’ in other words is your retirement age and provided that you meet a ‘condition of release’ at that age then you can flexibly access your funds.

These restrictions are known as the preservation rules. Access to your super is possible when one of the following has happened:

- You turn 65

- You retire from work and have attained your preservation age.

- You have reached preservation age and wish to commence a transition to retirement pension (TTR).

Your preservation age, determined by the Government, is 60; unless you were born in 1964. If you were born before June 1964, your preservation age will be as follows:

Date of Birth Preservation Age
Before July 1960 55
July 1960 – June 1961 56
July 1961 – June 1962 57
July 1962 – June 1963 58
July 1963 – June 1964 59
After June 1964 60

For further information, view the Australian Expatriate Superannuation Fund Member Guide.

Yes, if you are wanting to have a comfortable retirement lifestyle, then it is important that you have adequate savings in place and a great way of achieving this, is by contributing to your superannuation fund.

However, you must be aware of the eligibility conditions in order to contribute to your Super fund. You must also make sure that you are aware of the contribution limits in place so that you do not trigger an unnecessary tax charge.

For further details on the eligibility rules surrounding contributions to your Super, please view the Australian Expatriate Superannuation Fund Member Guide.

REVIEWS

Feedback From Our Clients

CONTACT US

Call us today and let the experts help you

Contact us today for some FREE expert support and guidance and one of our consultants would be happy to answer any questions you have.

aesf uk pension transfer
  • This field is for validation purposes and should be left unchanged.

3 REASONS DELAYING TRANSFERRING YOUR UK PENSION COULD 

1. TAX
2. EXCHANGE RATES
3. LEGISLATION CHANGE

COST YOU MONEY

TALK TO THE EXPERTS