What type of UK Pension can I transfer to Australia?

You may transfer the following types of UK pension arrangements to an Australian QROPS:

  • An Occupational Pension Scheme – A pension offered by your employer, typically a Group Personal Pension.
  • A Defined Benefit Scheme – These are schemes offered by your employer which offer a guaranteed benefit in retirement. Also known as Final Salary Schemes.
  • A Defined Contribution Scheme – These are Personal or Group Personal Pension Plans. A Self Invested Personal Pension (SIPP) is a Defined Contribution Scheme.
  • A Small Self Administered Scheme (SSAS) – This is also a Defined Contribution Scheme, however, the set up of them is a bit more complex.

The following types of UK Pensions are not permitted to transfer:

  • UK State Pension
  • Unfunded Civil Service Pensions which include NHS, Teachers, Fire Fighters, Police and Armed Forces.