Australian Advice – What can Global QROPS do for you?

Global QROPS can provide tax effective solutions for the issues that people encounter when migrating to Australia.

If you have a house to sell, pensions, saving and investment or other assets you may need advice as to the most tax efficient course of action.

Property

Many potential migrants to Australia look to retain their UK property post migration. There may be tax consequences on the rental income, capital gains tax and inheritance tax in retaining property. Global QROPS can provide options, including re-mortgaging advice, to minimize any exposure to tax and make the retention of UK property tax efficient.

UK Pensions

Global QROPS can assess whether a UK to Australia pension transfer is the best course of action. Global QROPS can provide a pension report and, where appropriate, a transfer analysis for your UK pension schemes. The advice provided would include the alternatives to a UK pension to Australia pension transfer, how to minimize your exposure to the exchange rate, the solution to the Australian cap on funds transferred in and the 6 month rule. Should a transfer be the correct course of action, Global QROPS can arrange for the UK to Australian pension transfer to be completed.

UK Financial Products

Potential migrants to Australia may have endowments, bonds, shares, life cover, ISA’s, savings or investments. As well as tax issues (see Australian Tax Issues) there maybe surrender penalty or maturity values to consider. Global QROPS can provide a full financial plan detailing recommendations for the best strategies for your financial products.