Pension Transfers | Ross Naylor

Transferring A UK Pension Overseas: Why It Pays to Know Your OTA from Your OTC

If you are considering transferring your UK pension overseas, you’ve likely encountered a bewildering array of jargon and regulations. Among the most important terms you’ll encounter are the Overseas Transfer Charge (OTC) and the Overseas Transfer Allowance (OTA).

Irish Pension Transfer Rules Explained: Can You Move Your Pension Abroad?

Transferring Irish pensions for those who have previously spent time working in Ireland is a fairly recent trend. Many people only become aware of their options as they near retirement, but by then, transferring benefits abroad might no longer be allowed. That’s why getting expert advice early on is crucial. While Ireland’s pension system is great for those who live and pay taxes there, moving abroad can introduce major complications. Often, these issues only come to light…

Should I Consolidate My Pensions?

As an expat, managing your pensions can be a complex and often daunting proposition. With multiple pension pots scattered across different providers, and potentially jurisdictions, you might find yourself asking, “Should I consolidate my pensions?” This question is more common than you might think, and the answer depends on various factors specific to your circumstances. In this blog post, we’ll explore the pros and cons of pension consolidation, helping you make an informed decision.

Using Your CV As a Map To Find Lost Pension Treasure

It can be all too easy to forget about pensions linked to old jobs, especially when you’ve switched companies, careers, or even countries a few times. But your CV, which lists all your past jobs, can be a super helpful tool in tracking down any pensions you might have left behind. Here’s a simple guide on how to use it to find those lost pensions and make sure you’re not missing out on any money.

Pause Before You Pension: Understanding HMRC’s Urgent Retirement Update

In a development that underscores the complexities of pension legislation and the challenges of implementing policy changes, HM Revenue and Customs (HMRC) last week issued a crucial emergency communication.

What Do I Do With My Swiss Pension When Returning to the UK?

Moving from one country to another involves a myriad of tasks, and among them is the critical aspect of managing your pension. For those leaving Switzerland and returning to the UK, understanding the pension rules in both countries is paramount. This guide will walk you through your options for managing your Swiss pension funds, ensuring you’re well-informed and prepared for this important financial move.

Can I transfer my UK pension to Sweden?

Are you a Brit living in, or moving to Sweden? Are you unsure of how to navigate the complexities of managing your pensions across borders? Whether you’re entangled in the web of the UK’s State and private pensions or exploring the multifaceted Swedish pension landscape, understanding the nuances of each system is crucial. In this guide, I will explore the options, obstacles, and opportunities that await you.

Can I transfer my Irish pension to the UK?

Some Irish pension products are simply not suitable for non-domiciled individuals or those that do not intend to stay in the country in later life. However, navigating the complexities of pension transfer between countries can be daunting, especially when dealing with two different regulatory environments such as Ireland and the UK. This guide aims to simplify the process, outlining key considerations, steps, and implications of transferring an Irish pension to the UK.

Can I transfer my UK pension to Poland?

For Brits living in Poland (or Poles who have returned home after living in the UK), one of the big questions involves what to do with any pension schemes that they have accumulated in Britain. This issue has become even more pertinent in the aftermath of Brexit and the additional uncertainty that it has brought to the table. Firstly, unfortunately, the answer to the question of whether you can transfer your UK pension to a scheme in Poland, is, no…

QROPS guide for expats – Read to understand your options

The purpose of this QROPS guide for expats is to use 20+ years of experience in dealing with international pensions to help you understand how QROPS work and outline the circumstances in which they should and should not be used. Tens of thousands of British expats have transferred their UK pensions to QROPS structures since they were launched in April 2006. The structure has proved to be incredibly popular as they help Britons who have permanently moved abroad to simplify…

How are defined benefit pension transfer values calculated?

In the past decade, huge numbers of people have transferred their final salary/defined benefit pensions to a SIPP or QROPS as Cash Equivalent Transfer Values have soared. However, since the start of 2022, these valuations have started to fall back and I have had numerous enquiries from people wanting to know why their pension transfer value has dropped. In this post, we will look at the nuts and bolts of how a defined benefit pension cash transfer value is calculated.

What is an international SIPP?

A Self-Invested Personal Pension (SIPP) can be a low cost, flexible and straightforward way to save for your retirement. It allows you to take control of how your pension funds are managed by providing access to a wide range of different investments.

European Commission Pension Scheme – 10 year rule and transfer options

There is a pension scheme available for those working for the various EU entities. It is a Defined Benefit scheme. This means that when you retire, you are guaranteed an income, based on your length of service, until you die. In addition, if you pass away before your partner, they will receive a reduced monthly payment, known as a Survivor’s Pension, until they die.