International Pensions
We can advise and help clients with many existing pension schemes across various jurisdictions. Most notably, we have worked extensively with clients who have existing pension assets in:
- Australia
- Ireland
- Netherlands
- South Africa
- Switzerland
- United States
Whatever type of pension asset you hold, we can help find and understand your options with respect to combining these assets and/or transferring them somewhere more suitable for your retirement.
Speak to our International Pension Transfer Specialists to discuss your specific scheme type and we can work with you to show the options available to you.
Transferring International Pensions
Not all types of pensions across all jurisdictions are transferrable or offer flexibility to the members. Far from it. Pensions, how they are administered, what you can do with them, what you can access, how they are taxed and how you can withdraw money and/or take your income from them are all characteristics that will vary not only from country to country but also from scheme to scheme.
In some instances, a tried and tested process will be available to you; in other instances, one may need to be created. In some cases, there simply won’t be an option to transfer at all, but whatever your scheme type and whatever you are looking to try and do with that pension asset, Hoxton Capital should be your first port of call to help you find out what you can and can’t do.
Withdrawing money from your International pensions
Whether or not you are looking to transfer, we can help you understand the specifics of your existing scheme and clarify how and when you can start to take income from your international pension.
Sometimes trying to make sense of documentation and information from a scheme that doesn’t use your native terminology (and perhaps even language) can be stressful and confusing – our international pensions advisors can go through any documentation with you and make sure you are clear on what benefits you have and what you can do with them.
Pension transfer calculator
Try out our free pension transfer calculator if you are thinking about transferring.
Examples of international transfer solutions
A SIPP is a pension ‘wrapper’ that holds investments until you retire and begin to draw an income. It works in a similar way to a standard personal pension. Read more here.
A qualifying recognised overseas pension scheme (QROPS) is an overseas pension scheme that meets certain requirements set by HMRC. Read more here.
Qualifying Non-UK Pension Schemes (QNUPS) are designed for pensions and income that will be taken outside the UK and can benefit wealthy retirement planners regardless of where they choose to live. Read more here.
Speak to us for a review
If you would like to discuss your pension transfer options, speak to one of our advisers today.