Back to: Moving to Australia

Westpac provides financial planning to help you achieve your financial goals faster. Westpac has been helping Australians with their finances for over 100 years, and over one million customers deal with us for their investment and insurance needs. Our financial planners will guide you through each financial strategy so you are informed about all your options. When you talk to one of our Financial Planners, you get: Access to a specialist to get the best possible expert advice for your situation A personalised plan tailored to your financial situation and goals Fees explained clearly and up front Access to a wide range of investments from different fund managers Access to cutting edge financial illustration software to show you a range of personalised scenarios

UK Pension Transfers

Superannuation funds provide the framework for retirement savings in Australia.

If you are a UK migrant moving to Australia, one of the things you will need to consider is whether to transfer your pension entitlements to an Australian superannuation fund. It is best to consider this early as the transfer will generally be tax free under Australian tax laws if you complete it within six months of becoming an Australian tax resident.

Of course, you will need to consider UK tax laws as well. One of the advantages of using a Westpac Financial Planner is that they have access to a "Qualifying Recognised Overseas Pension Scheme (QROPS)" registered with HM Revenue & Customs (HMRC).

As this is quite a complex area potentially significant taxation implications, it is important that you seek appropriate financial planning and taxation advice. A Westpac Financial Planner can provide appropriate guidance on the options available to you.

How do I contact a Westpac Financial Planner?

When you arrive in Australia, visit any branch or call us on 131 817 to make an appointment. If you would like to speak to a Financial Planner before you arrive, please email us.