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.
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.
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.
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.
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.
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.
You can reach us directly by calling us between the hours of 8:30am and 5pm at each of our respective offices and we will immediately assist you.