Pension Transfer Specialists in Joondalup | Local service

Pension Transfer Specialists

Locality: Joondalup

Phone: +61 8 9233 9269

Address: Level 2 / 5 Davidson Terrace 6027 Joondalup, WA, Australia

Website: https://www.ptspecialists.com.au

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25.01.2022 If you reach State Pension age after 6 April 2016 then you will usually need at least 10 National Insurance qualifying years to be eligible to receive the UK State Pension. If you do not have 10 years then you are entitled to purchase additional years to remain eligible for the UK State Pension.

25.01.2022 Class 2 rates are approximately 145 per tax year. At present you can access up to 11 additional years of the UK pension at Class 2 rates. Buying 11 extra years would increase your State Pension by approximately 50 per week!... Class 2 rates will be abolished 5 April 2019

23.01.2022 Backto60, along with other campaign groups like Women Against State Pension Inequality (Waspi), are arguing against the perceived inequality and unfair treatment of women born in the 1950s who have experienced changes to their state pension age. Please read more here: https://www.ftadviser.com//women-s-state-pension-campaign/

23.01.2022 Have you been keeping your eye on the papers? It's a great time to start topping up your UK State Pension - here's how to find out what you need, whether or not you're eligible, and how to claim: https://bit.ly/2BDG2Vq

22.01.2022 A little interesting fact that Nicola has clarified with International Pension Centre. If both spouses reached State Pension Age before April 2016 then the old rules still apply and they can still claim based on each others contributions. This is valid where both spouses reached State Pension Age after April 2010 and before April 2016. Therefore when someone is claiming and they reached State Pension Age before April 2016, if the spouse's State Pension Age is also in this pe...riod then even if they never worked a day in the UK they can claim on spouses contributions and receive approx 60% of spouses entitlement. If the person claiming also tops up then both pensions increase!

22.01.2022 Did you know the QROPS list is updated on the 1st and 15th of every month. https://www.gov.uk//list-of-recognised-overseas-pension-sc

20.01.2022 Sometimes when we move abroad or as the years go by, we can forget or misplace important pension information. One of the staff at PTS forgot they had a Standard Life policy. This was the contracted out portion of a company scheme which was contracted in! This policy was a nice little find! Not sure if your employer in the UK had a pension scheme? You can check on the following website.... If you have totally forgotten if you contracted out, joined a pension or simply need assistance, we offer a FREE pension transfer tracing service. Please contact us 08 9233 9269 https://www.findpensioncontacts.service.gov.uk/

19.01.2022 Pension Transfer Specialists are based in Perth and offer a range of UK Pension services to the UK expat and Australians who have worked in the UK.

19.01.2022 We have an interesting poll happening in our Facebook group. Request to join today to see the results. https://www.facebook.com/groups/2029011580678383/?source_id=1399565640280442

19.01.2022 Did you know that the earliest you can submit a claim for your UK State Pension is 4 months prior to your State Pension age? You can also submit a claim after you have reached your UK State Pension Age. There is no time limit for claiming. If you do not claim when it first becomes due and you reached State Pension Age prior to 6 April 2016 then you could be entitled to a lump sum, alternatively you could elect to receive additional pension instead.... Everyone reaching State Pension Age after 6 April 2016 are only entitled to additional pension for deferring their UK State Pension.

17.01.2022 "Personally I don't think the service can be bettered. My experience has been outstanding great help all the way" We recently reached out for feedback from our completed or in progress pension transfer clients. The team at PTS are always on hand to answer questions and guide you through the pension transfer process.

17.01.2022 We have been receiving lots of enquiries recently from people with small pots of Pension in the UK and they are not sure what their options are. These pots can be fully paid out from age 55 in the UK or kept in place until your Normal Retirement Age. If you elect to take a Once and for all lump sum. The fund will be taxed in the UK, however due to the double taxation agreement, the funds should only be taxable in Australia. ... Therefore an adjustment needs to be made by completing a double taxation form, submitting this with your annual return and submitted to the ATO and onward to HMRC. If you are due a refund or tax credit it will then be applied at that time. Not sure of all of your options? Please call the office 08 9233 9269

17.01.2022 The UK Government held a consultation for the requirement for pension transfers to overseas arrangements to receive UK regulated financial advice. UK advice is needed when you move funds from a scheme which provides guaranteed benefits to a fund that allows flexible access, such as an Australian superannuation. The results of the consultation maintained the current requirement for UK advice. ... https://www.professionaladviser.com//hmrc-confirms-oversea

17.01.2022 The UK state pension is now a single tier pension. The additional state pension accrued under SERPS has been absorbed into your NEW state pension. If you were contracted out of SERPS you may have a contracted out deduction. This deduction allows for the fact you have accrued benefits while being contracted out of SERPS.... In some cases you may be able to buy out this deduction by making additional contributions to the State Pension. You can find out your current entitlement and how you can increase your pension by contacting the team at PTS.

17.01.2022 In order to transfer a UK defined benefit scheme to an arrangement that allows flexible access (UK SIPP or QROPS) UK advice is required by an FCA approved financial advisor. This additional step is required to ensure you are aware of the benefits you will loose upon transfer. PTS can arrange for your UK financial advice.

16.01.2022 Cold Calling I know we posted about this before, however even Pension Transfer Specialists have been receiving cold calls this week!! offering to transfer our UK pensions!! They were very insistent even though Nicola explained that we actually transfer pensions from the UK! ... So insistent they phoned her back today to see if they could change her mind! Please DO NOT provide your information to cold callers. If you are interested in transferring your UK pension then please contact a trusted Australian based advisor. Pension Transfer Specialists do NOT cold call. We are based in Perth, Western Australia and have been established for several years, transferring UK pensions and increasing the UK state pension. We are all expats and many of us have also worked in the UK pensions industry. Colette is the manager at PTS and is a registered Australian financial advisor, who can provide authorised and regulated advice.

15.01.2022 The UK State Pension is not indexed linked in Australia therefore once it is in payment it is fixed at that rate.

15.01.2022 It is important to be in regular contact with your UK scheme, every 12 months as a minimum. https://www.theguardian.com//house-of-fraser-may-have-to-p

15.01.2022 With the deadline fast approaching now is a good time to review your UK State Pension. For additonal information please see: https://www.ptspecialists.com.au/services/uk-state-pension/

14.01.2022 Please be careful. We have seen a rise in the number of people being contacted from pension transfer companies who are based overseas. If you are transferring with a company based overseas, always read the very small print and ensure you are receiving a product that meets your needs. ... If you have any questions the team at PTS are happy to answer any questions you may have.

14.01.2022 Since 2015 the UK has allowed flexible access to many defined contribution pension schemes. This means that you may be able to access up to 100% of your fund from age 55. It is always best to seek financial advice if you are considering accessing your funds early.

14.01.2022 I spoke with a lady today that was born July 1950. She had worked for 9 years in the UK but didnt think she met the rules for a UK State Pension. She actually is entitled to a UK pension and it should have been in payment since May 2010! Men born prior to 5 April 1945 needed 11 years of NI contributions and women born before 5 April 1950 needed 10 NI years. However everyone born after this who reached their State Pension Age before 5 April 2016 can claim a State Pension a...s long as they have 3 years on their record. If you are not sure which rules you fall under? Then call the team 08 9233 9269.

13.01.2022 Meet Colette Colette and her family moved from Lancashire to Perth in 2004. With her UK pension experience she quickly found a role assisting expats to transfer their UK pension money to Australia. ... Fast forward to 2018 and Colette is the Manager at PTS and a qualified financial advisor, specialising in assisting UK expats to transfer pensions to Australia. She is 100% client focused and is motivated to help expats and those that have worked in the UK transfer their UK pensions to Australia. She heads up a busy administration team, and is very hands on in getting to know each financial planning client and is able to recommend the best strategy for your pension.

12.01.2022 The latest data from HMRC shows the historical number of transfers to QROPS schemes. In 2017 to 2018 4,700 QROPS pension transfers took place.

11.01.2022 When you claim your State Pension you can choose to be paid every 4 or 13 weeks. If your State Pension is under 5 per week, youll be paid once a year in December.

09.01.2022 You are able to submit a claim for the UK State pension up to 4 months prior to reaching State Pension Age. They generally take upto 8 weeks to process your claim. Pensions are paid in arrears. If you did not claim your pension when it became due, you may be entitled to additional State pension, or in some cases a deferral lump sum. ... The UK can take several weeks to calculate any additional pension or lump sum.

09.01.2022 QROPS Retail Fund has reduced its fees.

08.01.2022 Unfunded Public Sector Schemes are still restricted from transferring pensions to schemes which provide flexible access. We suggest keeping in regular contact with your UK scheme to obtain information regarding the schemes funding status. If a scheme becomes fully funded then transfers would be possible again.

08.01.2022 In April 2016 the UK introduced a new flat-rate State Pension. The full new State Pension is 164.35 per week based on 35 National Insurance qualifying years. You might be entitled to more than this if you have built up entitlement to additional state pension ( by staying contracted into the State Earnings Related Pension. SERPS) under the old pre-April 2016 system ... You may also receive less than this if you were contracted out of SERPS

08.01.2022 In March 2017 changes to legislation restricted the movement of your UK pension. It is now a requirement that you be resident in the same country that you wish to transfer your pension to, for 5 complete tax years after transferring your funds. Do you know the consequence of not following these rules? The UK can impose a 25% tax charge. ... These rules do not apply for transfers within the UK

07.01.2022 Call us today to find out if you're eligible for lower Class 2 rates for your UK Pension, before they're abolished in April 2019!

07.01.2022 Did you know we have a Facebook group? If you would like a quick response to a question then please feel free to pop the question in the group. https://m.facebook.com/groups/2029011580678383

07.01.2022 Pay your invoices via our website using our NEW Payment Gateway For your convenience you can now pay your invoices via our website. You can make a credit card payment 24 hours a day, 7 days a week ... Paying by credit card is totally secure and utilises the latest secure technology features and complies with the Payment Card Industry Data Security Standard PCI DSS therefore you always have peace of mind when making your transactions. To pay online simply go to our website and select the PAYMENTS tab (Link below) To help, we have also updated the How to Pay section of our invoices to point you to our Payment gateway. Complete the required fields. Once payment is made, you will receive an email verifying your transaction. Of course we still offer the ability for you to pay your invoices like you may have done in the past such as via cheque and EFT. https://www.ptspecialists.com.au/payments/

06.01.2022 Pension Transfer Specialists provide investment advice for funds held in UK, New Zealand and Australia.

04.01.2022 Just a reminder that we also have a group that you can ask your pensions questions in. Please feel free to join. https://www.facebook.com/1399565640280442/posts/2131123317124667/

02.01.2022 A transfer value direct to Australia is restricted to those aged 55 and over. The introduction of the Pensions Age Test into UK legislation on 6 April 2015 required all QROPS schemes to confirm they also met the Test. Australia was unable to meet the Test due to people under the age of 55 being able to access superannuation early, either as a temporary resident leaving the country or meeting the requirements for accessing super under financial hardship. ... The only funds able to accept a UK pension transfer in Australia restrict membership to over 55s.

01.01.2022 Due to breaks in employment many women will receive less State Pension than men. This will be even more noticeable for those who have moved abroad and ceased their National Insurance Contributions. You do have the opportunity to build up gaps in your NI history. At present you may be eligible to purchase up to 12 additional years of the UK State Pension.... Call PTS on 08 9233 9269 for further information.