UK Client Advice

 

Moving house can be a daunting experience. When that house is in a new country it is overwhelming. The logistics of moving can absorb your thoughts for years. Visa applications, job applications, rental or mortgage applications - the list is almost endless.

You probably haven't even thought about your pensions, UK investments, difference in tax and many other aspects of your financial situation. That is where Merideon can help.

Merideon has specialist financial advisers with first hand experience in migrating from the UK. They can look at your situation and provide advice on how to take advantage of your unique position and make the most of your financial future.

Let us think about your appropriate insurance cover, the best way to deal with your assets and how to get the most out of the Australian and UK systems.

For further information you can book a Free no obligation 45 minute consultation with one of our advisers or follow our facebook page to be kept up to date with future UK Pension seminars.

Why transfer your UK pensions to Australia?

There are many things to consider when deciding to move assets to Australia once you have migrated. The correct decision will depend on your personal circumstances, but here are some of the advantages to transferring your UK Pensions:

  • If you transfer within the first 6 months you avoid paying tax on the growth of your pensions.
  • No tax on your Pension income after age 60, once your UK pension is in an Australian super account.
  • Reduce the risk of paying hefty UK Inheritance Taxes on your pension.
  • By having all your retirement savings in one place you can cut down on costs. If you have more than one Superannuation or Pension account, it's more than likely you'll be paying multiple fees.
  • On your death your hard-earned money goes to your family rather than your UK pension provider.
  • When you are ready to retire, there is no requirement to begin drawing funds or purchase an annuity providing you with flexibility.

Why choose Merideon to transfer your UK pensions?

Merideon is a full-service financial advice firm not just a Pension transfer provider, therefore all your requirements from helping make the decision, to facilitating your pensions transfer, recommending suitable QROPS superannuation and providing full financial advice can be organised in the one place.

  • Professional, award-winning advice and service
  • Many of our competitors can handle the transfer, but then do not provide advice on what to do when the funds are here. Merideon takes into account your individual circumstances and needs, and develops a personal, inspired financial plan for your new life in Australia.
  • As with all our services, fees are charged on a fixed dollar basis (not a %) and quoted upfront. Fees are charged on a tiered basis, depending on the complexity of your needs not the size of your balance. For example, if you want to establish a Self Managed Superannuation Fund at the same time as your UK Pension Transfer, there is more work involved and the fee will be higher. If you simply require advice on the pros and cons of the transfer and an appropriate fund to transfer to, there is not as much work involved and the fee will be lower.
  • The quicker you transfer your UK Pension, the less tax payable, if any at all.
  • If you feel the current rate of currency exchange is poor, then we can now offer the option of transferring your UK Pension, but retaining the funds in £ GBP until the exchange rate improves.

For further information you can book a Free no obligation 45 minute consultation with one of our advisers or follow our facebook page to be kept up to date with future UK Pension seminars.

 

 

 

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Axxa - Redefining financial planningFPA - Principal Member