Can you transfer your pension?
It is quite common to have accumulated a number of pensions over your working life. There are many reasons why an individual may decide to transfer an existing pension to a new pension structure. The most common types of pension transfer we deal with are:
Transferring a Pension to Ireland from Overseas
Many people resident in Ireland have accumulated pension benefits in previous pension schemes with employers overseas, particularly in the UK.
It is possible in many instances to transfer the accumulated value of an overseas pension back to an Irish Pension Fund. The looming Brexit crisis is currently a trigger for many people resident in Ireland to consider a pension transfer from the UK. This can be facilitated via the Revenue approved QROPS Scheme (Qualified Residential Overseas Pension Scheme).
We have experience in arranging pension transfers from overseas and we can help you explore the best options available to you.
Transfer Pension To New Employer
It is not uncommon to have built up a pension fund with an old employer and to have left the pension fund in place when you moved employment.
It is possible to transfer this pension benefit / accumulated fund away from your previous employer to either your new employer pension scheme or into a pension in your own name.
There can be many benefits in transferring your pension from a previous employment:
- Greater investment control
- It breaks the link with the previous employer
- It may be possible to access the pension from age 50 in certain circumstances
We have experience in arranging pension transfers from a previous employment and we can help you explore the best options available to you.
If you have an existing pension that you are unhappy with it is possible in most cases to transfer the pension to a different pension company. It might be that there are problems relating to:
- Excessive Fees – We can review the fee structure on your existing Pension to see if it is possible to have the fees reduced.
- Poor or Erratic Investment Performance – We can review the investment funds you have in your Pension and develop a more sustainable suite of funds for you.
- Lack of Communication– We commit to meeting with our clients at least every 12 months. We feel this level of interaction is important as there are many issues and ongoing decisions that need to be made as your own circumstances change.
Whatever your situation, Guardian Wealth can help you choose the right option. We have the skills and the team to provide expert retirement and pension planning advice. We can formulate a financial plan for you that achieves your personal and financial goals, and most importantly we can explain it to you in a clear and easy to understand manner.
We want to take the mystery out of retirement planning and give you a very clear understanding of what you need to do to make sure you achieve financial freedom in retirement.
How can we help you?
If you have a Pension in the UK with a previous employer but are now resident in Ireland, is it possible to transfer your pension from The UK to Ireland? There has been a marked increase of late in queries from clients looking to find out what options are available to...read more
Our Trusted Partners
As a conservative investor with little understanding of the stock market, they created an investment portfolio for my Pension that allows for solid growth potential but also that shielded me from the excesses of stock market turmoil over recent years.Conor