What To Do With A UK Pension
As an Irish resident who has worked or has an occupational pension scheme in the UK, you may have pension entitlements that you’ve left behind. If you do, it’s worth considering whether you should transfer that pension to the Irish market. At askpaul, we can help you assess whether transferring your UK pension to Ireland is the right option for you.
Transferring a pension from the UK to Ireland is more complicated than transferring the average pension benefit. It needs to be done under a control called co-ops, and it also needs to be signed off by an independent financial advisor (IFA) in the UK marketplace. Fortunately, askpaul is now part of the Fairstone group, a full-service wealth management house that is redefining the UK financial planning market. This means we have access to UK advisors who can help transfer benefits from the UK to Ireland.
It’s important to note that transferring a pension from the UK to Ireland should be done on a case-by-case basis. Some UK pensions have excellent benefits attached, and it may not be in your best interest to transfer your pension entitlements to Ireland. Our team of advisors can help you navigate the complex decision-making process and provide you with the information you need to make an informed decision.
At askpaul, we’ll take you through your options and give you some certainty around the decision you must make. We understand that making decisions about your pension can be daunting, but we’re here to help. Our team of experts can provide you with the information you need to make the right decision for your financial future.
Don’t leave your pension entitlements in the UK behind. Contact askpaul today to discuss your options and see whether transferring your pension to Ireland is the right choice for you. With our expert guidance and access to UK advisors, we’ll help you make the best decision for your financial future.