HarbourPTS offers the only dedicated B2B UK pension transfer solution for Australian financial advisers, providing a seamless end-to-end transfer solution for your client’s UK pensions.
We help you, as an Australian financial adviser, provide your clients UK pension with a pathway to Australia, bridging the advice gap between the UK and Australia. Our compliance friendly transfer process is a transparent solution for both under and over 55’s, aimed at achieving the best possible outcome for your clients. We understand that every client situation is unique, requiring a thorough assessment and tailored solution to produce an optimal outcome.
Our guidance will give you all the information you require to make the necessary decisions for your valued clients.
HarbourPTS is a compliance-friendly outsourced solution that utilises FCA regulated UK pension transfer specialists.
You maintain full control of your clients. Our UK pension transfer specialist’s role is to provide UK pension transfer advice.
We cut out the middle man to provide a low-cost solution which does all the heavy lifting for you, allowing you to focus on what you do best.
HarbourPTS provides you with a level of understanding and a trusted process to provide a UK pension transfer solution to your clients.
If your client is over the age of 55 and retiring in Australia, it is in their best interest to transfer their UK pension to an Australian QROPS.
Should clients draw their UK pension from the UK, the Australia Tax Office (ATO) will treat the pension as income and tax it accordingly for life.
Should clients pass without transferring their defined benefit schemes to Australia, the benefits may die with the beneficiary. At best, the surviving spouse will receive up to 50% of the benefit. Transferring to Australia significantly increases the Estate planning options for the client.
CETV are high based on 15 year gilt rates being low. As interest rates rise in the UK, CETV’s fall. Gilt rates have already started to rise and are starting to impact Cash Equivalent Transfer Values (CETVs).
They can draw a tax-free income at retirement age.
Leaving UK pensions in the UK may leave clients liable for inheritance tax.
Like Australia the UK has limits on how much you can accumulate in your UK pension. Once your client’s entire UK pension has been transferred to an Australian QROPS the pension can grow without further assessment for Lifetime Allowance limits.
Forecasting income from a foreign pension in a foreign currency can be difficult on a year to year basis. By transferring to Australia and investing in AUD investments you eliminate the clients FX risk.
If you have clients under the age of 55 they can move their UK pension to a self-invested personal pension (SIPP). Like a SMSF in Australia, a SIPP provides greater transparency, control and investment options for clients.
There are a number of reasons why Advisers with clients under the age of 55 should transfer their clients UK pension to a SIPP.
By transferring to a SIPP Australian Advisers and clients acheive greater control and transparency around their UK pension Investments.
Transferring to a SIPP provides mulit currency investment opitons including AUD investments.
Transferring to a SIPP will allow Advisers to bring the clients UK pension into congruence with the client Australian retirement plans.
CETV are high based on 15 year gilt rates being low. As interest rates rise in the UK, CETV’s fall. Gilt rates have already started to rise and are starting to impact Cash Equivalent Transfer Values (CETVs). Transferring to a SIPP allows clients to take advantage of the high CETV’s.
Should clients pass without transferring their defined benefit schemes to a SIPP, the benefits may die with the beneficiary. At best, the surviving spouse will receive up to 50% of the benefit. Transferring to a SIPP significantly increases the Estate planning options for the client.
14 Macquarie Street
Belmont
NSW 2280
Harbour PTS is a trading name only. IP of Arteixo Limited which is registered in England and Wales under company number 09118869.
This website is intended for use by Professional Advisers/Introducers, and Investors, HarbourPTS does not engage in specific advice directly. The content should not be deemed to be an offer of, or invitation to engage in any investment activity or take out any financial product from HarbourPTS. All information provided on this website and in response to enquiries is solely for information purposes and should not be viewed as advice or a personal recommendation by HarbourPTS to any prospective investor. Any person accessing the website and considering potential investment opportunities should make their own personal assessment of an investment opportunity as a Investor who has sufficient financial sophistication, knowledge or experience to be capable of doing so, or after seeking the advice of a suitably qualified and appropriately authorised and regulated advisor. The service and guidance that is accessible through HarbourPTS is carefully sourced for Introducers. Any clients who have accessed this sight independently should ensure that they seek independent financial advice. Harbour PTS are NOT directly authorised or regulated by the Financial Conduct Authority.
HarbourPTS Pty Ltd ABN 61 654 041 835 is a Corporate Authorised Representative (“CAR”) of Shartru Wealth Management Pty Ltd operating in Australia under AFSL: 422409 | ABN 46 158 536 871
Information on this website is general advice and does not take into account your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances. Before acting on this general advice, investors should therefore consider the appropriateness of the advice having regard to their objectives, financial situation or needs.
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