UK Pension Guide for Australian Expats

How to Transfer a UK Pension to Australia?


The portability of an overseas pension is a key issue that we see Australian expats face with time and time again and those Australian expats who have lived and worked in the United Kingdom, and who have a UK pension, are no different. The key issues are always centered around:

Can I and how do I transfer it?
Is there any penalty tax that I may pay on it?
What tax applies on both sides (transferring from and receiving)?
It is only natural that Australian expats will want to consolidate their overseas pension to an Australian superannuation fund when they return to Australia for a number of reasons, including the allowances that the Australian Taxation Office provides for repatriation of an overseas pension, and the ease of managing your retirement and pension account in one jurisdiction.

There are a number of types of UK pension structures and they will fall under two categories;

Defined contribution pension
Defined benefit pension
read more..