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Defined Contribution Pension Transfer Service

Consolidate Your UK Pensions: Simplify Finances and Boost Retirement Growth as a British Expat

If you’re a British expat looking to take control of your retirement, our defined contribution pension transfer service can help.

As you progress through your career, you will likely accumulate various pension plans as you change jobs. These may include defined benefit (DB) and defined contribution (DC) pensions.

This can make managing all your pension pots challenging, which is further complicated by your expat status and where you want to retire.

Speak to a specialist cross-border financial adviser to consolidate, optimise and grow your defined contribution pension with lower fees and more investment options.

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Benefits of Our Defined Contribution Pension Transfer Service

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01

Simplify Your Retirement Planning

Manage one pension and plan your retirement with clarity instead of fragmented planning across multiple pension pots. Consolidate your pensions into one and make it easier to keep track of your investments.

02

Grow Your Pension

Know exactly what your costs are with one transparent fee instead of multiple fees across all your pots. Improve your pension performance by potentially lowering your fees.

03

Investment in What You Want

Remove yourself from a rigid investment plan with a generalised strategy that caters to a large pool of plan holders and instead focus your investments based on your risk profile. You will be able to achieve your investment goals by accessing a wider selection of investment options.

04

Ongoing Advice That Evolves With You

By consolidating your pensions, you may be able to better manage and monitor your retirement savings, which can help you stay on track to meet your retirement goals.

Why AHR Group?

British Expat Specialists

We are a financial advisory service that specialises in serving British expats. We offer a range of financial services, including defined contribution pension transfers specifically tailored to the needs of British expats.

Our advisers have extensive experience and expertise working with clients living abroad and can guide you on various financial issues unique to expat life, such as pension transfers, cross-border tax implications, and estate planning.

Our advisers are experienced working cross-border, guaranteeing that we satisfy both countries’ legislation and that you won’t invoke unnecessary tax penalties.

By focusing on British expats’ financial needs, we offer specialised, personalised advice to help our clients achieve their financial goals.

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Dedicated Pension Transfer Specialist Advisers

As a client of AHR Group, you will be assigned one of our dedicated pension transfer specialist advisers. There are several benefits to working with one of our advisers:

Expertise:

Your adviser will have the necessary knowledge and expertise to guide you through the process and ensure that it is carried out smoothly and in accordance with all relevant laws and regulations.

Convenience:

Your adviser will handle all the paperwork and communication with the pension providers on your behalf, saving you time and effort. Wherever you are in the world, we can work with you through the convenience of Zoom.

Access:

In addition to your dedicated adviser, you will also have access to AHR Group. This will future-proof your private wealth as you can access the full spectrum of our financial, tax and estate planning expertise.

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Fully Licensed and Regulated

We welcome and acknowledge the importance of stringent regulation and licensing in the financial advice sector. All of our advisers are fully licensed and regulated to provide industry-leading, trustworthy guidance and to our clients.

We also actively work with regulators to ensure that our service is compliant and tailored to best suit the interests of our clients.

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Transparent Fees

We believe in complete transparency regarding our fees. When managing your financial future, we understand that you want to know precisely what you are paying for. That’s why we clearly outline our fees upfront and explain what each fee covers.

One of the main benefits of transparent fees is that it allows you to make informed decisions about your financial planning. When you know precisely what you are paying for, you can decide whether the services offered are worth the cost.

This level of transparency also helps to build trust between you and your financial adviser. As a result, you can be confident that you are not being taken advantage of or overcharged.

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Common Defined Contribution Pension Transfer Queries

How do I track down all of my company pensions?

How do I track down all of my company pensions?

To track down your UK company pensions, gather paperwork, check the Government’s Pension Tracing Service, and contact former employers or pension providers directly. You can also contact us, use our free tracing service, and consolidate your pensions for easier management.

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I have multiple pensions. How do I know what my pension income will be?

I have multiple pensions. How do I know what my pension income will be?

British expats often find it challenging to manage and make informed decisions about their defined contribution pension(s) from abroad, due to various factors such as currency risk, tax implications, investment options, and uncertainty around retirement income. Work with a financial planner to consolidate all your pensions and create a clear retirement plan.

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I’m concerned about the currency exchange rate risk.

I’m concerned about the currency exchange rate risk.

To manage your currency exchange rate risk as a British expat with a UK company pension, consider: transferring the pension, hedging using financial instruments, diversifying investments, and regularly monitoring exchange rates and adjusting your investment strategy accordingly. It's important to seek professional financial advice before making any decisions.

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Multiple UK Pensions vs One Personal Pension

Multiple pensions
One Personal Pension

Managing multiple UK pensions separately

All pensions consolidated into one personal pension plan.

Potentially facing high fees that you’re not aware of through managing multiple pensions.

Potentially reduce fees and administrative burdens associated with managing multiple pensions.

Risk of losing track of pension savings.

Consolidating pensions helps to mitigate the risk of losing track of pension savings.

Lack of clarity around retirement planning.

Consolidating pensions provides greater clarity and control over retirement planning, which can lead to better outcomes in terms of retirement income and financial security.

Pension structures can be rigid and inflexible.

Consolidating pensions can provide more flexibility in terms of structuring retirement savings and retirement age.

Limited tax planning opportunities.

Consolidating pensions can allow for better tax planning opportunities, such as taking advantage of tax-efficient vehicles or structuring retirement income to minimise tax liabilities. Tax-free withdrawals exist in certain countries too.

Limited income options.

Consolidating pensions can provide more options for generating retirement income, such as annuities, drawdowns, and other investment vehicles.

Limited currency planning opportunities

Consolidating pensions can allow for more effective currency planning, such as investing in currencies that align with retirement plans or using currency hedging strategies to manage currency risk.

Limited legacy planning options.

Consolidating pensions can provide more options for legacy planning, such as passing on pension savings to beneficiaries tax-efficiently.

Limited lump sum payment options.

Consolidating pensions can provide more options for lump sum payments, such as taking a lump sum payment from a single consolidated pension pot.

Book a Call With Our Pension Transfer Team

How Our Service Works

Book a free no obligation 15 minute call with one of our pension transfer business development managers. They will explain which pension transfer benefits you qualify for, explain the best option for you and explain the pros and cons of transferring.

On your behalf we will contact the trustees of your UK pension schemes and gather all of the information specific to your pensions.

Once we receive information specific to your pensions, your pension transfer adviser will discuss your financial situation and personal objectives for retirement. To do this, we will :

  • Help you answer a financial questionnaire to understand your financial situation precisely.
  • Listen to what plans you have for the future, what financial security represents for you, where you plan on living and how much you expect to spend.

We will provide you with a free pension transfer assessment report that considers all the information from your pension and current situation. The report will include:

  • A future projection status of your entire financial asset base.
  • A clear comparison of projected income streams between your “current” arrangements and the “options” available.
  • Our expert advice on whether or not you should transfer your UK pension.

If a transfer is recommended, and you accept our recommendations, we will manage all aspects of the transfer for you. If not, you walk away without paying a penny.

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Defined Contribution Pension Transfer Advice

Speak with one of our experts during a complimentary 15-minute call, and you’ll:

  • Discover which pension transfer benefits you qualify for.
  • Understand the best option for your situation.
  • Learn the pros and cons of a pension transfer specific to your situation.
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Financial Resources

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Defined Contribution Pension Transfer FAQs

A defined contribution (DC) pension transfer is the process of moving your UK pension savings to another pension scheme that offers more flexibility, lower fees, and better investment options.

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Transferring your UK pension as a British expat can provide you with greater control over your retirement savings, as well as potentially lower fees and better investment options. It can also simplify your finances by consolidating multiple pension accounts into one.

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To be eligible for a pension transfer, you need to have a UK pension scheme that permits transfers, and the receiving pension scheme must also accept transfers.

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There are risks associated with transferring your pension, including the possibility of losing valuable benefits and protections, and the risk of investment losses if your new pension scheme underperforms.

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The length of time it takes to transfer your pension will depend on the complexity of your pension arrangements, the receiving pension scheme, and other factors. However, the average transfer time is around four to six weeks.

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The cost of a pension transfer will vary depending on your specific circumstances, such as the size of your pension, the complexity of your arrangements, and the fees charged by the receiving pension scheme. It’s important to compare costs and fees carefully before making a decision.

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To get started with a defined contribution pension transfer, you should seek professional advice from a qualified financial adviser who can help you understand your options and guide you through the transfer process.

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