The Benefits of moving your UK Pension to Ireland?
Having your pension with an Irish pension provider and having a local financial advisor will be more convenient for you, if you intend to retire in Ireland.
Your pension in Ireland will be valued in Euro and will be paid to you in Euro which is the currency that you will be using in Ireland during your retirement.
3. On your death
If your dependants are not living in the UK, then leaving your pension there may be more complicated to deal with after your death. So moving your pension to Ireland will simplify your situation now and for the future.
4. Tax Returns
If you access your pension from the UK and then receive a pension income from your UK pension, it will be more complicated in terms of your tax returns. You will not be able to move your UK pension to Ireland after you start to receive an income from your UK pension.
The next step is to contact Joanne on 01 5267770, Joanne will schedule a free advisory telephone appointment for you with our UK Pension Transfer Advisors.
Jim has been providing tax, pension/investment and lifetime financial planning advice to clients for over 30 years. He has an in-depth understanding of Business Owners and their requirements, which allows him to guide his clients through the complex world of long-term financial planning.