28th April 2016
As you are no doubt aware the only UK pension fund transfers that can currently be accepted are those to HMRC approved super funds. As each fund must contain a minimum 55 year age restriction, only SMSFs are currently capable of gaining the requisite approval. We have processed quite a number to date. Unfortunately the process must be repeated in full for each individual SMSF.
Due in large part to HMRC’s enthusiasm for the postal service the process can take months. We are pleased to advise that we have now established a UK presence which, we expect, will shorten the process by up to 6 weeks.