FAQs

Frequently Asked Questions


You can transfer your UK Pension to Australia if you meet the following criteria.

  • You must be aged between 55 and 75 years. If you are under the age of 55 then you can transfer your Funds to our International Expat SIPP.
  • You can only transfer your UK Pension into a scheme that is registered with HMRC as a Qualifying Recognised Overseas Pension (QROPS).

In some cases, you may fit these criteria but there are restrictions with transferring your plan, for example, it could be an NHS Pension Scheme or Teachers Pension which generally do not permit transfers. Our FREE consultation will allow us to understand what pensions you have and the options you have with them.

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

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.

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 under certain circumstances. This goes against UK rules which only allow you to access your pension once you reach age 55.
  • 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).

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.

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.

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.

It's important to seek professional financial advice to make well-informed decisions about your pension funds, especially when transferring a pension. A qualified financial adviser can help protect you from the various tax risks involved in transferring a UK Pension overseas and create a tailored plan to align with your financial objectives. When transferring a 'defined benefit' pension (e.g., a final salary scheme), involving a financial adviser is mandatory if the value exceeds £30,000. This requirement is because of the guarantees associated with these pensions. Your current scheme provider will require you to obtain a Transfer Value Analysis (TVAS) Report from a FCA Qualified adviser before permitting 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. However, we have close relationships with many financial advisers and can introduce you to a qualified adviser in your area.

When transferring your UK Pension to Australia, you may be subject to a tax charge upon transfer. Tax is based on the investment growth achieved within your UK pension plan, from the date you became an Australian resident, to the date you transferred your UK pension into Australia. It is the growth achieved during this period which would be subject to tax.

You should seek professional tax advice from a qualified adviser before transferring your funds to safeguard you from any significant charges. An adviser will put in place a transfer strategy to mitigate any potential tax liabilities.

We can introduce you to one of our financial advice partners to help you with your transfer.

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.