Transfer of Your UK Private Pension(s) to Ireland

The Irish Revenue allows the transfer of UK private pensions that are part of an occupational pension scheme in the UK. These pensions can be transferred to a Personal Retirement Bond or Personal Retirement Savings Account in Ireland.

If you have lived or worked in the UK at some stage of your career, you may have accumulated a UK pension. If you are now living and resident in Ireland, you may want to bring your pension here. To transfer your Private UK Pension from the UK back to Ireland, you will need to transfer it to a QROPS Scheme (Qualifying Residential Overseas Pension Scheme) which facilitates Pension transfers from the UK to Ireland.

For many years we have been arranging such transfers from the UK to Ireland and we can help you figure out the quickest and easiest way to get it done. Each new case can be different and have a lot of revenue rules, we can address and simplify this process for you.

Why Transfer Your UK Pension to Ireland Now?

Stock Market Volatility

Consistent stock market volatility has left many pension investors struggling to get information on the impact of market turmoil on their pensions in the UK. Having an Irish based advisor will allow you to get access to information far quicker in times of uncertainty.

Tax & Inheritance Planning

A QROPS registered pension fund can accept transfers from the UK to Ireland without any tax liability. If the beneficiaries of your will or your dependents are not living in the UK, leaving your pension there may become more complicated to deal with in the future. Also, if you are not dealing with an Irish pension broker then there could be significant delays. It could make sense to transfer it now to Ireland.

Access

When you access your Pension in later years you will be receiving your money from an Irish Pension Fund as opposed to a UK Pension fund.

Local Irish Advice and Experience

Our pension fund is administered in Ireland with access to local advice from your Irish advisor. We have 30 years experience in fund and pension advice and we are a reputable provider that deals with all the large international pension providers in Ireland.

Brexit

The ongoing Brexit uncertainty in the UK has made many people wary of keeping their money in the UK.

Protecting & Growing Your Money

Protecting what you have built up in your pension fund is important. We can help you decide if now is the right time for you to transfer your UK Pension. We can also provide ongoing advice on the performance of your pension.

Currency Risk

Having your Pension money held in Sterling in the UK introduces currency fluctuation risk, whereas having your Pension in Ireland long-term eliminates that additional currency risk.

Click here to see a testimonial from one of our UK pension transfer clients. (put in Colin McKay)

What is the Next Step?

Usually, your first contact with us will be a short telephone call or an email with Joanne in client services. This allows us to understand your situation and let you know how we can help you. A quick phone call or email can often be the easiest way to take the stress out of these decisions.

For most of our clients that initial phone call or email is where they start to get clarity on the right steps to get the most from their Pension.

Transferring your Pension from the UK to Ireland can be far more straightforward than you think. We will prepare all the forms and paperwork for you, deal with your pension provider on your behalf, and of course keep you updated along the way.