UK pension transfers

If you have benefits in a UK Pension and have left the UK permanently, you can transfer your benefit to Australian Enterprise Super and not be subject to the UK ‘unauthorised payments' charge providing certain conditions are met.

Professional Associations Super, of which Australian Enterprise Super is a division, is a Qualifying Recognised Overseas Pension Scheme (QROPS). This means no UK tax will apply on transfer of your UK pension(s) into your Australian Enterprise Super account providing certain conditions are met.

Plan ahead for a tax-free transfer

Australian residents with a benefit in a UK superannuation/pension fund have six months from the date of becoming a resident to transfer the benefits to an Australian complying super fund, without paying tax on transfer.

Depending on how you elect to have the payment treated, some Australian tax may apply. The transfer will be assessed (in part or in full) towards your non-concessional contribution cap.

Note: Any subsequent benefit payments from your UK transferred funds may attract UK tax while you are still considered a UK tax resident.

How to arrange a transfer

Transferring benefits from a UK pension involves processes both over there and here in Australia. It can take from six weeks to 12 months.

The first step is to contact us, and we'll step you through the process.

Our dedicated team of Member Services Consultants can also provide assistance with these transfers. Email memberservices@aesuper.com.au or call 1800 555 024 and we'll put you in touch with your local Member Services Consultant.

More information

Read our UK pension transfers factsheet or contact us if you have questions.