UK Pension Transfers Facts & Questions

What are my options when transferring my UK pension?

There isn’t a one size fits all solution when transferring your UK pension. A common vehicle for expatriates in the US when transferring is a Self-Invested Personal Pension (SIPP for short). Our team of Investment Advisors are on hand to talk through all the pros and cons of each options available to you.

How long does it take to transfer my UK pension?

The process of transferring your UK Pension typically takes 5-6 weeks but this is dependent on a number of factors. Thankfully our team of paraplanners and researchers are on hand to do all the legwork and ensure a smooth road to a successful conclusion.

Does it cost money to transfer a UK pension?

Yes, we charge an upfront one-off fee to process your actual UK pension transfer. The exact cost of transferring your UK pension is dependent on a number of factors, however the process of exploring your options is completely free.

Can I transfer my UK pension to another person?

Typically, 50% of your UK DB pension is passed onto your spouse upon death. In the event that your children are your next of kin, they will only benefit if they are still classed as dependant (Under 21 and in full time education). You can’t transfer your pension to another person whilst you are alive.

Who can transfer their UK pension?

In some cases, a UK pension transfer is not possible. Public sector unfunded defined benefit scheme members are prohibited from transferring, and if you are within one year of retirement age, it is left to the discretion of the trustees of the scheme.

Can I transfer my UK pension myself?

If your pension is worth more than £30,000 then you are legally required to consult a registered financial planner. However, when you are considering a UK pension transfer, we would always recommend you seek the advice of a professional.

There are lots of ways that we can help you. So why not request a call back.

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