Key Points Transfer transfer timeframe is typically between 3-6 months Defined benefit pension plans take longer to transfer than defined contribution plans Very important to double check all documents prior to submission Strata Wealth specializes in the transfer of pension schemes to Canada via QROPS The actual process of transferring a UK pension to a

Key Points UK QROPS transfers to Canada are currently permitted (as of 2023) You must be age 55 or older to qualify to transfer a pension scheme Certain pension schemes are not eligible for a transfer Transfer process can be complicated and timely – work with a professional Pension funds are converted to Canadian Dollars

Key Points Withdrawals from a QROPS RRSP are 100% taxable as income Withdrawals from a QROPS RRIF are 100% taxable as income At age 71, you must convert your RRSP to a RRIF You must be age 55 or older to transfer a UK pension to Canada All withdrawals are reported to HMRC for 10

If you have moved to Canada from the UK permanently, but still have a previous private employer pension in the UK, you may be wondering what the key benefits of transferring it to Canada are. There are several key benefits to transferring a UK pension to Canada, including: It’s important to note that there are

Key Points You must be age 55 or older to transfer a UK pension to Canada Pension values over £30,000 must be reviewed by a UK advisor Transfer process can be complex – use a professional Non-state UK pensions can be transferred to Canada Not all UK pensions can be transferred to Canada QROPS –

Key Points – QROPS can be transferred to Canada as of January 2023 – You must be age 55 or older to qualify – There are many attractive benefits to transferring your pension – Consult with a professional before making a decision to transfer QROPS Overview QROPS (Qualifying Recognised Overseas Pension Scheme) is a type

Key Points Choose between mutual funds or segregated funds for your UK pension scheme Mutual funds can potentially offer lower costs to invest compared to segregated funds Segregated funds offer more guarantees on your principal investment compared to mutual funds Strata Wealth specializes in the transfer of pension schemes to Canada via QROPS Introduction When

Key Points It is very important to understand how currency flucations can impact your pension transfer Be sure to keep an eye on the current conversion rates for currencies There are many different facotrs which can influence conversion rates Strata Wealth can help provide guidance with UK pension transfers to Canada Transferring a pension from

Key Points Consult with Strata Wealth before making the decision to transfer your pension There are many advantages to transferring a UK pension scheme to Canada It is beneficial to work with a professional to transfer your pension assets You must be age 55 or older to qualify to transfer your pension scheme to Canada