Can I transfer my UK Pension funds to Australia?

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).