UK pension transfers
If you have benefits in a UK Pension and have left the UK permanently, you can transfer your benefit to RecruitmentSuper and not be subject to the UK 'unauthorised payments' charge providing certain conditions are met.
Professional Associations Super, of which RecruitmentSuper is a division, is a Qualifying Recognised Overseas Pension Scheme (QROPS). This means no UK tax will apply on transfer of your UK pension(s) into your RecruitmentSuper account providing certain conditions are met.
Plan ahead for a tax-free transfer
Australian residents with a benefit in a UK superannuation/pension fund have six months from the date of becoming a resident to transfer the benefits to an Australian complying super fund, without paying tax on transfer.
Depending on how you elect to have the payment treated, some Australian tax may apply. The transfer will be assessed (in part or in full) towards your non-concessional contribution cap.
Note: Any subsequent benefit payments from your UK transferred funds may attract UK tax while you are still considered a UK tax resident.
How to arrange a transfer
Transferring benefits from a UK pension involves processes both over there and here in Australia. It can take from six weeks to 12 months.
The first step is to contact us, and we'll step you through the process.
Our dedicated team of Member Services Consultants can also provide assistance with these transfers. Email memberservices@recruitmentsuper.com.au or call 1300 304 000 and we'll put you in touch with your local Member Services Consultant.
More information
Read our UK pension transfers factsheet or contact us if you have questions.
About the Fund
RecruitmentSuper is Australia’s leading industry fund for the recruitment and employment services sector, a range of membership options will help you get the solution you need. Experience the benefits of great value, low–fees and personalised support. With our simple, straight-forward solutions, we’re proud to be known as specialists in the recruitment industry.
We offer three membership categories to make sure you get the best solution for your needs. Choose from our EasyChoice, SelectSuper and SelectPlus RecruitmentSuper products, and enjoy the convenience of flexibility, options and services tailored to suit you.
Chances are, you’ve probably changed jobs, states, and careers a few times, collecting little pockets of super all over the place. Make sure you don’t miss out on your lost or unclaimed super. We can help you to consolidate super accumulated from different jobs over the years, so you don’t lose valuable funds. Read more
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RecruitmentSuper is a division of Professional Associations Super, an industry fund with over 445,000 members across Australia and over $1.5 billion of funds under management. Professional Associations Super divisions include SMARTpension, Australian Enterprise Super, and Accountants Super
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This information is of a general nature only and does not take into account your personal objectives, situation or needs. Before making a decision about RecruitmentSuper, you should consider your own requirements and the relevant Product Disclosure Statement. Contact us for a copy.