The decision to transfer is time-sensitive:

TRY AND TRANSFER WITHIN 6 MONTHS OF RESIDENCY

All tax charges are waived if you transfer within the first six months of your residency

FAILING THAT, TRANSFER AS SOON AS YOU DECIDE TO STAY IN AUSTRALIA

If you miss the six-month window, the longer you wait the more tax you’ll pay.

FAILING THAT, TRANSFER BEFORE YOU RETIRE

The funds CANNOT be transferred as a lump sum once they start paying you an annual pension or annuity.

Amidst all the upheaval of moving to Australia it's easy to see why UK pension transfers are a low priority for many migrants. And that's ironic because it is actually one of the most far-reaching decisions you'll make.

Moving to Australia is about creating a better life, not just now, but for the rest of your life, and for your children as well.

Doing nothing about your UK pension funds could cost you and your family thousands for years to come.