Just to update you, DWP (department of work & pensions) are about to change the rules on pension transfers from the U.K.
They are removing the statutory right to transfer on 30th November this year.
https://www.thepensionsregulator.gov.uk/en/pension-scams/dealing-with-transfer-requests#overseas
https://www.thepensionsregulator.go...y-guidance/db-to-dc-transfers-and-conversions
After this it is just going to be more difficult.
This on top of the Revenue change a few years ago which made transfers to anything other than a PRSA a train wreck waiting to happen due to the HMRC tax charge of 55% if you tried to retire benefits to an ARF within 5 years.
Marc Westlake
Chartered Certified and European Financial Planner
www.globalwealth.ie
They are removing the statutory right to transfer on 30th November this year.
https://www.thepensionsregulator.gov.uk/en/pension-scams/dealing-with-transfer-requests#overseas
https://www.thepensionsregulator.go...y-guidance/db-to-dc-transfers-and-conversions
After this it is just going to be more difficult.
This on top of the Revenue change a few years ago which made transfers to anything other than a PRSA a train wreck waiting to happen due to the HMRC tax charge of 55% if you tried to retire benefits to an ARF within 5 years.
Marc Westlake
Chartered Certified and European Financial Planner
www.globalwealth.ie