➤ The Facts

UK Pension Funds That Can Be Transferred:

The vast majority of UK pensions can be transferred to Australian Superannuation Funds, providing benefits have not already been taken.
The UK state old age pension cannot be transferred. Regular benefits will be paid directly from the UK once the required retirement age has been achieved.

Why Transfer?

Current legislation in the UK will allow transfer of pension benefits to Australia and so avoiding the restrictive rules of the UK. Only 25% of the fund is paid tax-free. The remaining 75% of the fund must be used to provide a restricted regular income, which is subject to taxation.
Current or future UK governments could change the legislation due to the loss of substantial amounts of pension money and the associated future taxation.
Once benefits have been transferred, the rules of the Australian Superannuation Fund will apply. All benefits can be withdrawn from age 60 tax-free as either a lump sum or income. (A restriction could apply if you have not been out of the UK tax system for 5 years at age 60).
The fund value on death forms part of your estate and is transferred to the beneficiaries free of taxation.


Upon receipt of a transfer there will be a liability to taxation on any growth of your UK pension whilst you have been resident in Australia.
The tax rate can be capped at 15% and deducted from the pension by the receiving Superannuation Fund. Exemptions to this tax could apply
for further information contact Collins House.

Australian Superannuation Funds

From April 2006 transfers of UK pensions to Australia must be approved by Her Majesty’s Revenue & Customs and can only be transferred
to a Qualifying Recognised Overseas Pension Scheme (QROPS).
Collins House are aware of all Australian Schemes which have QROPS status and will recommend one based on your personal requirements.


All costs will only be implemented on completion of the transfer and can be taken directly from the Superannuation Fund.
The UK has many different types of pensions and the time taken to complete transfer varies considerably. The current timeframe is between 3 – 6 months.

How else can we help you?

Independent Financial & Investment Advice

Collins House Private Wealth, Independent advice that could save you thousands every year.

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Superannuation Advice

We help you decide on the right Super Fund, and assist in building a flexible strategy that's suited to your lifestyle.


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Taxation & Accounting Advice

Collins House Accountants assist you to navigate your way through the Taxation and Compliance maze.

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Estate Planning & Legal Advice

With over 20 years of commercial experience, Collins House Legal assists you to protect assets that matter.

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UK Pension Transfers

With our experienced UK pensions expert resident in Australia, the process is simple and inexpensive.

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