Are you looking at retiring in Australia but don't know how you will still access your UK pension? In recent times, there have been significant changes to UK laws that limit the ability for retirement-aged workers to access their UK pension if they wish to retire in Australia. With every door that closes, a window of opportunity opens.
With Oncore Wealth Solutions, if you are aged over 55 and have a UK pension that you want to access in your retirement on Australian-soil, you can receive pension transfers across to an Oncore Wealth-facilitated Self Managed Super Fund (SMSF).
Due to recent changes to UK law, all Australian Industry and Retail Super Funds are currently unable to accept UK pension transfers, as QROPS as we knew it is no longer. This means that, for the time being, only a specialised SMSF can be considered an "over 55s fund" and receive the rollover.
This is where we are pleased to announce that we are able to help. Oncore Wealth Solutions specialises in retirement and taxation planning, and has teamed up with a reputable and proven UK-based IFA provider. This partnership of skills and resources allows us to provide you with a personalised analysis of your options and, should a transition be favourable, facilitate a transfer of your UK pension funds. We are ready to assist you in your retirement goals!
Once your UK pension is received in your Australian Over 55s SMSF, Oncore Accounting Solutions can manage any of the tax implications that come along with the transfer. This ensures every aspect of your SMSF is managed compliantly and with a company you can trust.