Many people have worked in the United Kingdom at some stage in their career and have made the decision to come back to Ireland. In many cases, there may have been a pension benefit built up which was left behind in a deferred state.
It is possible to bring your UK pension rights into an Approved Irish scheme. This will allow more control and flexibility for you than if it is left within an old UK employers scheme. Importantly, it is possible to bring your UK benefits into Ireland and to still maintain your funds in Sterling if you wish. In particular, with the imminent completion of Brexit, the freedom of access currently available may not be available once the UK fully departs the European Union.
We can advise you on and facilitate the process of transfer into what is known as a QROPS (Qualified Recognised Overseas Pension Scheme). This is an Irish pension scheme which is fully approved by the HMRC for the proper transfer of retained UK pension benefits. We have extensive experience of dealing with UK providers and the HMRC.
Contact us to find out how we can assist you in taking control of your UK pensions.