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UK Pension Transfer & Advise

Under £250K

  • Free Consultation
  • Independent Financial Advice
  • Annual Review Meeting
  • Online and Mobile Access to your Advisor
  • Holistic Advice Offering
  • Low Transparent Cost

£250K - £750K

  • Free Consultation
  • Independent Financial Advice
  • Annual Review Meeting
  • Online and Mobile Access to your Advisor
  • Holistic Advice Offering
  • Low Transparent Cost

Above £750K

  • Free Consultation
  • Independent Financial Advice
  • Annual Review Meeting
  • Online and Mobile Access to your Advisor
  • Holistic Advice Offering
  • Low Transparent Cost

Book a Free Consultation

A Fixed FCA report Fee of 3000 may apply to your pension transfer, and not included in the cost

Pension Advice Process

Frequently Asked Questions

What is a UK pension?

A UK pension is a retirement savings plan that provides individuals with income in retirement, typically funded through regular contributions made during their working years. Pensions in the UK can be provided by employers (occupational pensions), the government (State Pension), or individuals (personal pensions), and they play a crucial role in helping individuals maintain financial security during retirement.

 The State Pension is a regular payment provided by the UK government to eligible individuals who have reached State Pension age and have made sufficient National Insurance contributions during their working life. The State Pension serves as a foundation of retirement income and helps individuals maintain a basic standard of living in retirement.

To qualify for the UK State Pension, individuals typically need to have made a minimum number of National Insurance contributions or credits during their working life. The number of qualifying years required depends on the individual’s date of birth and gender, with a minimum of 10 years needed to receive any State Pension and 35 years needed to receive the full new State Pension amount.

Defined benefit pensions guarantee a specific level of retirement income based on factors such as salary and length of service, with the employer bearing the investment and longevity risk. Defined contribution pensions, on the other hand, accumulate a pension fund based on contributions made by the individual and, often, their employer, with the final pension amount depending on investment performance and annuity rates at retirement.

UK pension transfers involve moving the accumulated pension benefits from one pension scheme to another, typically from a defined benefit or defined contribution scheme to a different type of pension arrangement, such as a personal pension or a self-invested personal pension (SIPP). Pension transfers require careful consideration of factors such as transfer values, investment options, tax implications, and regulatory requirements.

A defined benefit pension transfer involves transferring the accrued pension benefits from a defined benefit (final salary) pension scheme to an alternative pension arrangement, such as a defined contribution pension scheme or a personal pension plan. Defined benefit transfers are subject to regulatory oversight, financial advice requirements, and careful consideration of the advantages and risks involved.

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