QROPS in Australia

Australia is an eternally popular location for British expats. With sunshine, a developed economy and plenty of room, it meets many people’s desires for retirement.

As a result, the Australian government has taken steps to limit the numbers of immigrants, but if you are financially secure there are many advantages to living in Australia. A QROPS, whether held in Australia or elsewhere, can help you make the move.

Make the most of your retirement with a QROPS

If you are a retiree living in Australia with a British private pension, a QROPS can help your money go much further than keeping it in the UK.

It’s also worth noting that UK state pensions don’t increase with inflation in Australia, so its real value falls each year.

When you live in Australia for more than five years, there are numerous benefits to transferring your pension into a QROPS.

Advantages of a QROPS in Australia

As a British expat living in Australia, a QROPS arranged through STM allows you to:

• Receive your pension income into your Australia bank account in local currency, making you less vulnerable to currency fluctuations
• Avoid paying UK tax on the fund
• Benefit from lower maximum income tax rates than in the UK, with the possibility of zero tax from an Australian QROPS
• Choose the jurisdiction where your QROPS is held, to find the one that suits you best
• Deal with a local adviser in Australia, making it easy to manage your account
• Avoid UK inheritance tax
• Pass the fund on to your beneficiaries upon death

Is a QROPS right for me?

As long as you plan to live in Australia for more than five years and have over £100,000 to invest,then a QROPS is an excellent solution.

You will avoid paying UK tax, and pay no tax in Australia on the first AUS $6,000 of income.

Find out more about QROPS in Australia

Please contact STM QROPS for a no-obligation discussion to find out more about the advantages of a QROPS in Australia.