Under Age 55 With a UK Defined Benefit / Final Salary Scheme
IF YOU ARE AGED BELOW 55 & HAVE A UK DEFINED BENEFIT / FINAL SALARY SCHEME,
YOU SHOULD CONSIDER TRANSFERRING INTO A UK SIPP UNTIL YOU TURN 55…
Secure a higher Transfer Value for DB Schemes:
With UK interest rates at historical lows, Transfer Values for Defined Benefit / Final Salary Schemes have been at all-time highs for the past several years.
These Transfer Values are predicted to decline as interest rates rise.
If you are under age 55, we can assist you in securing your CETV (Cash Equivalent Transfer Value) & move your Defined Benefit “inter UK” via an interim UK SIPP (Self Invested Personal Pension) until you can transfer those funds to Australia.
We can incorporate UK advice (where required) from FCA licenced UK advisers whom are specialists within the UK transfer marketplace.
Possible Future Prohibition of Defined Benefit Transfers
Over the past 2 decades, the UK Government has made & has proposed a myriad of changes to the Pension Industry; many detrimental to ex-pat UK Pension holders.
There is a general concern within the industry as to the possible prohibition of future transfers from all Defined Benefit Schemes, similar to the 6 April 2015 ban on all unfunded Civil Service Defined Benefit Schemes.
