Euroburo

Making the most of living abroad




Sunset in the Steiermark

Sunset in the Steiermark

Pension Information


Transferring your Pension Out of the U.K.

There are many advantages to leaving your homeland and living abroad. Quality of life, Quality of healthcare, for those with children there is the quality of education and depending on what you are looking for many, many more benefits.

Sunset in the Steiermark

Minimise yout taxes

One very important benefit is the ability to escape the unpleasant tax regime of your homeland and gain a great deal more flexibility in the management of your financial affairs.

There are many simple ways to minimise tax and increase your overall wealth one of the most well known is to base your money in offshore centres such as the Isle of Man or the Channel Islands.

Since 2006, a not so well known and very simple method of increasing your wealth is to transfer your U.K private pensions overseas therefore escaping the restrictions placed on your pension by the U.K Government. Funds can be available within 5 years or from age 50 and the 55% tax charge on death payable on Lump Payments from Protected Annuities or any remaining Fund (when in payment) can be avoided.

It is hard to think of an occasion when it would be an advantage to keep your pension in the U.K to purchase an annuity or rely 100% on UK based investment funds when you can transfer overseas and gain the freedom to use as your own money as you see fit.

Escaping the HM R&CS

Escaping HM R&CS

Care must be taken when transferring.
A mistake with the administration of the transaction could trigger a 55% tax charge and therefore this should be completed with professional advice to avoid any such mistake.

Andrew Pinkney TEP, Dip PFS

Financial Adviser - Qualified Trust and Estate Practitioner


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For rules, regulations, restrictions, renting-out, pension-transfers and other administrative procedures involved in buying property or relocating to Austria, please visit our more general Euroburo-Austria website.


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