TEL: 0151 280 7640

We have offices in both the UK and Australia When looking for professional advice don't just look at a company in the country you are emigrating to, look at one who understands and operates in both markets. Prime Advice provides that all important feature. For more information on our Australian branch go to ukpensiontransfer.com.au .

Are you leaving the UK?
Coming to live in Australia?

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Leaving the UK and coming to live in Australia is a life changing decision that requires a great deal of planning and, one of the most far-reaching decisions you'll make iswhat to do with your UK pension funds. Transferring your pension assets from the UK to an Australian fund may benefit you substantially. Some of these benefits include:

No Tax
If you transfer your UK pension to Australia you will be able to take the full benefit of your pension at age 60 tax free. If the funds remain in the UK, any pension income stream will be assessable as income and taxed at the marginal income tax rates.

Control
By transferring your pension scheme to Australia you will maintain your pension benefits at retirement, avoiding the difficulties encountered due to schemes being wound up or under-funded, issues that are not uncommon to UK pension schemes.

Flexibility
In Australia, there is no requirement to purchase a life pension/annuity. You will be able to draw your benefits as a retirement income (allocated pension), as a lump sum or as a combination of both.

Boosting retirement income
UK pensions paid to an Australian resident are still subject to tax (as per Dual Taxation Agreements)

No long term currency risk
You will eliminate the long-term currency risk incurred when transferring foreign currency if you transfer your UK pension funds to Australia.
There are some major benefits in transferring your pension into an Australian Superannuation, however you must be aware of the following

Penalty - If the funds are transferred to a non­registered fund in Australia a UK tax rate of 55% could be imposed on the funds being transferred.

The UK State Pension cannot be transferred.

The monthly pension must be drawn from the UK

SERVICES WE OFFER

Why choose Prime Advice?

Prime Advice was established in 1997. Our experienced consultants have been successfully providing clients with pension advice for many years. Earlier this year due to the new pension legislation we formed a partnership with a UK Financial Adviser.

Our alliances within the UK, place us in a unique situation, offering qualified advice into your UK pension plans, as well as expertise in your fund allocation / rollover into the Australian superannuation scheme.

With the involvement of a UK adviser who is authorised to give advice on your UK pension we know that our clients will receive a comprehensive report which will provide the necessary details in order that an informed decision can be made. If a transfer is to proceed the involvement of our UK office will no doubt ensure a speedy completion.

Phone Prime Advice on:
in Australia: 03 8567 3777
in UK: 0151 280 7640