The complete guide to UK final salary pensions

British UK pension transfer header2


If you worked in the UK for 10 years or more and hold a Defined Benefit or ‘Final Salary’ pension, it is vital you gather as much information as possible about its performance and understand your Options as an international worker.


A number of factors could make this the best time to transfer your pension into another scheme.

What is a UK Pension Transfer?

Very simply, government rules allow you to transfer your UK pension fund, or funds, into a different pension scheme.  So long as you are careful to follow the rules


Download your complete guide to UK final salary pensions NOW to FIND OUT:

  • The Pros and Cons of taking up your right to a cash transfer instead of your final salary scheme.
  • Why cash equivalent transfer values (CETV) are so high
  • How to gain control over how and when you access your pension
  • The purpose of the Pension Protection Fund (PPF)
  • How you could pass on more of your wealth to your family
  • What the QROPS bombshell means for you
  • What is meant by a Self-Invested Private Pension (SIPP)
  • If you could be better staying in your DB Pension scheme?

At GWM we know that making a decision on which solution is right for you can be daunting, which is why the guide will also help you answer the questions most British internationals are asking.

ROW Inset final salary UP pension transfer


  • How living in the overseas affects your scheme.
  • What is the difference between a SIPP and QROPS
  • Take a bigger tax-free lump sum upon retirement
  • Consolidate your old UK pensions into one place
  • Draw income through retirement to suit your needs
  • Avoid pension tax allowance charges
  • Improve your tax efficiency

Download your UK Company Pension Update e-guide now to ensure you are making the most of your international status

There are a number of reasons why transferring your pension to a different pension scheme may provide you with greater control over your future.

Record High Transfer Values

Final Salary Transfer Values are currently at the highest level we have seen.  With continued global uncertainty, it’s hard to know how long this will last.

Investing Freedom

Rather than your money being held in a scheme created to serve the masses, transferring allows you to build a new plan tailored to your personal requirements.

Drawdown Flexibility

Many international workers don't want to be told when they need to start drawing an income from their retirement fund.

Research shows that taking regular advice from a professional financial adviser can result in a 53% increase in retirement income compared to those who sought no financial advice.

Choosing the right adviser...

GWM is one of the few planning companies to have an in-house Investment Committee comprising both internal and external specialists. All overseen by our own in-house Chartered Financial Analyst. All UK pension advice is supported by G60 qualified, UK Chartered Financial Planners ensuring you have access to the very best possible advice on your UK pensions.

At GWM we know how unhelpful generic advice can be, especially when it comes to your plans for the future. That’s why, as part of our award-winning service we offer a comprehensive pension and retirement review. To start the process, simply download your free E-Book to read expert and qualified advice about what options are available to you.

Share this post

Download your complete guide to UK final salary pensions


UK Pension scheme transfer

© 2019 GWM