Aged Over 55

for those aged over 55, it is still possible to transfer a UK pension to Australia. However to successfully make a compliant UK pension transfer – you must transfer your UK Pension to a HMRC recognised Overseas Pensions Scheme (ROPS) ROPS.

Therefore now more than ever, it is vital to seek specialist advice on a QROPS/ROPS transfer.

Our service includes the following:

• A free consultation with a QROPS specialist adviser prior to engaging our services
• We can assist you with an analysis of the benefits and/or disadvantages of transferring your UK pension
• An estimation on the potential Australian tax payable of your transfer.
• Compare the expected income stream payable from the UK vs the income stream you can expect from your net transferred proceeds from Australian super.
• Whether to establish a ROPS compliant SMSF or use a retail ROPS fund to facilitate your transfer.

If we chose to use a ROPS compliant SMSF

• Preparation of a Statement of Advice to establish a specialist SMSF
• Establishment of an Australian SMSF with a specialist ROPS compliant trust deed which has been approved by HMRC
• We will apply to HMRC on the new fund’s behalf to gain ROPS approval
• We will establish a corporate trustee for the SMSF and register the company with ASIC
• Preparation of all SMSF trustee/member applications and minutes
• Australian Tax Office (ATO) fund registration
• The provision of Tax File Number (TFN) and Australian Business Number (ABN)
• Establish the SMSF bank accounts