Pension Transfers to Australia

UK pension transferred into Australia must be transferred into a QROPS certified fund - or pay very substantial tax penalties. This UK Government site addresses many of the frequently asked questions.

This is a full list of all Australian superannuation funds currently qualifying for QROPS. Please note this is a PDF file.

Up until now, the business of transferring pension balances to Australia, mostly from the UK, has often been the province of firms charging both a base fee and a percentage of funds transferred; sometimes as high as 5% of funds. We have now decided to offer a real alternative; access to professional actuarial advice and management of the total transfer process for a total fixed fee of $1500 inclusive of GST for UK pension transfers. This offer covers any number of pension funds from up to two different pension providers.

The Simplified Superannuation reforms will make superannuation easier to understand, improve incentives to work and save, and provide greater flexibility over how superannuation savings can be drawn down in retirement. Under the reforms, the adequacy of retirement incomes will be improved, and over 10 million Australians with superannuation accounts, plus future account holders and their families will benefit through greater simplicity.