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stw11111(Newbie)Newbie
3 Oct 2021

I am wanting to move the small amount of UK pension I have from living and working there 10 years ago. Is it worthwhile or do you receive too many fees/taxes to make it worthwhile? Are most superannuation providers now considered eligible to receive the funds?

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758 views
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AriATO(Community Support)Community Support
ATO Certified Response5 Oct 2021

Hi @stw11111 You may want to get professional advice about transferring your UK fund to see if the fees/taxes (if any) are worth it for your circumstances. I can’t tell you if all Super funds can receive UK pensions but if you have an existing one or one in mind it’ll be best to contact them directly to check. See our website about transfers from UK funds https://www.ato.gov.au/individuals/super/in-detail/withdrawing-and-using-your-super/tax-treatment-of-transfers-from-foreign-super-funds/?page=6#Transfers_from_United_Kingdom_funds

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Most helpful replyATO Certified Response

AriATO(Community Support)Community Support
ATO Certified Response5 Oct 2021

Hi @stw11111 You may want to get professional advice about transferring your UK fund to see if the fees/taxes (if any) are worth it for your circumstances. I can’t tell you if all Super funds can receive UK pensions but if you have an existing one or one in mind it’ll be best to contact them directly to check. See our website about transfers from UK funds https://www.ato.gov.au/individuals/super/in-detail/withdrawing-and-using-your-super/tax-treatment-of-transfers-from-foreign-super-funds/?page=6#Transfers_from_United_Kingdom_funds

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