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Veteran
Posts: 566
 
Location: mooloolah Sunshine Coast Queensland | Hi
Is it posible to transfer my work pension into oz. dont know how to do it and I need more info
cheers
michelle | |
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Pensions Expert
Posts: 1
| In most cases, it is possible to transfer your works pension to Australia; there are UK pension rules that allow this, set out by HM Revenue & Customs (HMRC). The pension fund has to be transferred into an Australian qualifying recognised overseas pension scheme (QROPS). There are annual contribution limits in Australia and a transfer has to be managed in order to meet these requirements
You should obtain advice on any such transfer since an occupational pension in the UK may have valuable guarantees that should be fully considered before giving them up by transferring. A common Australian superannuation fund is like a UK personal pension plan and does not have these guarantees.
Siddalls offer such professional advice on such pension transfers.
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| | All communications contained in this message board are 'information only' and should not be regarded as 'advice'. Only your appointed agent can provide advice as these are the requirements of the Australian Migration Act. You are advised that action taken as a result of any information received that does not come from your appointed agent may jeopardise your migration application.
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works pension
