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If you’re over 55, you may be considering transferring your pension from the UK or Ireland to an Australian Super. Afterall, you’re the right age, and you could draw down that pension back at home.
However, it’s not quite as simple as making a transaction or two.
Being eligible to access your pension funds is one of the only things that is straightforward about transferring a UK or Irish pension to Australia. Because you’re over 55, one of the problems you face is that you have less time, both to plan your retirement and to actually execute the transfer of your pension.
The answer will depend on many factors based on your situation, plans and objectives. Just because you can (and might think you should) transfer your Irish or UK pension to Australia, it may not be the right thing to do to meet your situation and objectives. It may even be that partially transferring your Irish or UK pension would be the best option for you. For further information, you can read Jason’s article should you transfer your UK pension to Australia.
It all depends on your individual circumstances. Some large case transfers can take up to a decade to fully move all assets into Australian banks and funds. That’s because you’ll likely be trying to juggle at least some of the following:
Don’t let this put you off. Jason has helped hundreds of British and Irish expats successfully plan for their retirement – all you need to do is start.
Some further reading that might help you if you’re under 55 and planning a retirement in Australia:
If you’re over 55, you may be considering transferring your pension from the UK or Ireland to an Australian Super. Afterall, you’re the right age, and you could draw down that pension back at home.
However, it’s not quite as simple as making a transaction or two.
Being eligible to access your pension funds is one of the only things that is straightforward about transferring a UK or Irish pension to Australia. Because you’re over 55, one of the problems you face is that you have less time, both to plan your retirement and to actually execute the transfer of your pension.
The answer will depend on many factors based on your situation, plans and objectives. Just because you can (and might think you should) transfer your Irish or UK pension to Australia, it may not be the right thing to do to meet your situation and objectives. It may even be that partially transferring your Irish or UK pension would be the best option for you. For further information, you can read Jason’s article should you transfer your UK pension to Australia.
It all depends on your individual circumstances. Some large case transfers can take up to a decade to fully move all assets into Australian banks and funds. That’s because you’ll likely be trying to juggle at least some of the following:
Don’t let this put you off. Jason has helped hundreds of British and Irish expats successfully plan for their retirement – all you need to do is start.
Some further reading that might help you if you’re under 55 and planning a retirement in Australia:
This is a literal once-in-a-lifetime opportunity – don’t take any risks.
Jason can help you make the most of it. He has direct knowledge and everyday experience helping hundreds of expats not just make the move to Australia, but enjoy a golden retirement there too.
This is a literal once-in-a-lifetime opportunity – don’t take any risks.
Jason can help you make the most of it. He has direct knowledge and everyday experience helping hundreds of expats not just make the move to Australia, but enjoy a golden retirement there too.
FINANCIAL SERVICES GUIDE | PRIVACY POLICY
JASON O’CONNELL 2022 | ALL RIGHTS RESERVED
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.
