Guide to pension transfers and free online quiz!

Could a UK pension transfer be right for you?

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Retire well with sensible planning!

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Expert guidance from a UK Regulated, Chartered Pension Transfer Specialist!

Written for the 2020/21 tax year

Our FREE 8-page planning guide has been written exclusively for us by a UK regulated Pension Transfer Specialist.

If you hold a UK pension, claim your FREE expert guide for planning tips & techniques.

Our FREE Guide Includes:

A background to pension transfers and why they are so popular today

How pension Cash Equivalent Transfer Values (CETVs) are calculated

Why DB schemes are considered ‘gold plated’ and must be properly evaluated

Planning tips & techniques for retirement with a defined benefit scheme

The transfer opportunity and what it could mean for your planning

A head to head comparison of DB pensions against private pension planning

Things to think about and ask yourself when considering a transfer

The risks and benefits of private pensions

Professional analysis tools used to assess DB schemes

The role of the Pension Transfer Specialist and requirement for FCA advice

Scheme health, funding and the role of the Pension Protection Fund (PPF)

A guide to all LTA protection options available under HMRC for current pension members

Bonus planning options available only for expats

Our FREE guide to UK defined benefit pension transfers was written exclusively for reviewmypensions.com!

Key Benefits of a Private Pension:

Increased control

Streamlined retirement strategy

Currency options for cash holdings & investments

Flexi-access drawdown functionality

Improved death benefits

Tax planning opportunities under phased retirement

Higher Pension Commencement Lump Sum (PCLS)

Investment growth opportunities

Tax relief on future contributions for UK taxpayers

Cross-border tax planning opportunities

Ability to design a retirement income strategy and vary income with needs

Ability to plan around Lifetime Allowance limits

Improved investment strategy

Ability to switch investment funds

Removal of PPF risk

Control over income withdrawals – total income flexibility

Ability to withdraw ad-hoc lump sums

No tax on death for members under 75 years

Currency options for income

Full pension withdrawal option

Option to preserve funds for loved ones

Unlimited death benefit options to nominate loved ones and/or charities

This guide was prepared by a Chartered Pension Transfer Specialist

Try our Pension Transfer Quiz!

Pension Transfer Personality Quiz

Take our free pension transfer personality quiz to find out if a pension transfer is right for you!

1 / 10

How would you describe your investment or financial planning experience?

I have never taken invested money in the markets, I don’t understand pensions and have no interest in financial planning

I take some interest in my planning and would like to explore my options

I have a keen interest in finances and the markets, and have some investment experience

2 / 10

Where will you live in retirement?

I will live in the UK and be a UK taxpayer

I am uncertain of where I will live, it could be abroad

I will not live in the UK in retirement

3 / 10

What sort of taxpayer will you be in retirement?

I will pay modest UK tax, with total income under £40,000 per annum

I will be a UK higher rate taxpayer

I will not be a UK taxpayer as I will live abroad

4 / 10

How would you describe your relationship with money and finances?

I have a poor relationship with money. I struggle to keep to a budget and tend to overspend.

I have a realistic attitude to money and finances. I save surplus income and live within my means. I take some interest in my finances.

I have a good relationship with money. I focus on long-term savings and take interest in my financial planning. I have a good understanding of pensions and am comfortable discussing financial topics.

5 / 10

Are your essential outgoings already covered by other retirement income?

No, my pension will be used for essential outgoings

Partly, I do have other sources of income for retirement

My essential outgoings will be covered by other income in retirement

6 / 10

Will anyone else be reliant on your pension for their financial security?

Yes, this will be the main source of income for our household in retirement

Partially, but my loved ones have other resources for their retirement

No one else is dependent on my pension income

7 / 10

When you retire, will you need to withdraw a lump sum?

I do not require a specific lump sum, but the option would be nice

I will need some funds at retirement

I want to take the maximum lump sum available

8 / 10

Do you require ad-hoc access to your pension funds in retirement?

No, a structured income would be enough

I would like the option to take ad-hoc withdrawals

I would like my pension to be flexible and allow ad-hoc withdrawals

9 / 10

How would your ideal retirement income be structured?

I want a guaranteed monthly income for life

I want some financial protection, with some flexibility

I want my pension income to be flexible and under my control

10 / 10

If you died, who would you want to benefit from your pension money?

I would like my spouse/civil partner to benefit from a pension income for their lifetime

I would like my spouse to benefit first, with money then left to children or other loved ones

I would like to have the flexibility to choose and change who benefits from my money

Only provide your details if you are happy for us to contact you about your planning

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