The Impact of Rising Interest Rates on Your UK Pension Transfer

Pensions Transfer

The Impact of Rising Interest Rates on Your UK Pension Transfer

May 18th, 2022

Following several years of the RBA keeping Australia’s Cash Rate Target below 1.00%, 4 May 2022 saw an increase of 0.25% - the first interest rate rise this year. While the immediate reaction to this tends to focus on the property market and how it will impact home loans, less is covered regarding the impactread more

Your UK State Pension Guide

October 1st, 2019

For those that are eligible, claiming a UK State Pension is a great way to boost your income in retirement. Unlike the Australian Age Pension, the UK State Pension is not means tested, and even if you haven’t worked there for years, you could still claim. And as the uncertainty of the current political andread more

Your UK Pension Lump Sum – Could you be sitting on a goldmine?

May 31st, 2019

As people move from job-to-job over their working lives, they are likely to accumulate several  super funds, which now given that they are less likely to be eaten up by insurance premiums, could potentially add up to a fairly significant income stream in retirement. While many struggle to locate, consolidate and take advantage of theseread more

Claiming your UK State Pension

February 19th, 2019

Have you been keeping an eye on the newspapers? Our Pensions team have been hard at work fielding queries from a number of UK immigrants, returned Aussie expats and others who have worked in the UK previously – all looking to top up their UK State Pension and set themselves up for an even moreread more

Last Chance to Increase your UK State Pension at Lower Class 2 Rates

September 20th, 2018

5 April 2019 – seems like a fairly unimportant date to most, but if you’ve eligible to purchase UK National Insurance Credits at the Class 2 rate, it’s D-Day. On the 5th (which will come around sooner than you may think), Class 2 rates will be abolished by the UK government and you’ll be stuckread more

QROPS Changes and the Contributions Cap

April 25th, 2017

Pension transfers may seem more complex than ever following the changes on 8 March 2017. Ideally, you would need financial advisors who will look at all of your benefits in Australia and UK to ensure that you are compliant with the legislations of both countries. Whilst advisors do not have a crystal ball for jobread more

Important Changes on QROPS Rules

March 16th, 2017

If you are in the process or planning to transfer your UK pension to Australia, it is important that you stay informed on the latest rule changes on Qualifying Recognised Overseas Pension Scheme (QROPS). Early in March, Her Majesty’s Revenue and Customs (HMRC) announced that payments made to QROPS may be subject to 25% UKread more

Increase Contributions at Lower Class 2 Rates to Maximise Your UK Pension

February 16th, 2017

If you have ever worked in the UK then you will have paid National Insurance contributions. These contributions are paid by workers and employers towards the cost of certain state benefits, one of which is the State Pension. When you left the UK you may have filed away a letter from HMRC which confirmed howread more

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