Have you worked in the UK and are now settled, or planning to retire in Australia? You’ll need to know what your UK pension is worth and whether transferring it to Australia is the right option for you. This guide will help you understand what you need to do to get the most out of it.
The simple answer; it’s an unnecessary risk which can be easily avoided. For many, retirement is about certainty. Certainty of income, certainty that your income will always be enough to help you live the lifestyle you want.
A question that’s often asked – is one million dollars enough to retire in Australia? My answer? It really depends on a few things. Retirement age The age that you want to retire in Australia and the age until which you live. Obviously, the more time between the two ages mean that you’ll need more […]
You plan to retire in Australia. Should you transfer your UK pension to Australia with you? Yes, you have a few investments and assets, but the bulk of your wealth is sitting in a pension pot in the UK – half a world away. Should you transfer that pension to Australia with you? Note that’s a […]
Everyone’s retirement goals are a little different, so that that will depend on your individual life priorities. But one question is always asked. How much money will I need in retirement? That’s because it’s not easy to change your plans (and income) once you do retire. Whilst it’s a great feeling to know that you have all the savings and income you’ll need – plus a little extra for those special moments and retirement experiences – it’s something that needs planning for.
For many, retirement is about living life on your own terms, with as few rules dictating what you can and can’t do as possible. However, if you’re planning your retirement in Australia, it helps if you take these 6 rules for British pensions in Australia into account.
Jason O’Connell is an authorised representative (“AR”) of Shartru Wealth Management Pty Ltd ABN 46 158 536 871, AFSL no. 422409.
This website contains general advice only. You need to consider with your financial planner (or adviser), your objectives, financial situation and your particular needs prior to making an investment decision. Shartru Wealth and its authorised representatives do not accept liability for any errors or omissions of information supplied on this website.