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.
- 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. (From 1 July 2022 the age test will change to 75).
- 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.