A guide to UK pension transfers involving SMSFs

<p>UK pensions specialist Jason O’Connell outlines important advice considerations with the transfer of UK pensions to SMSFs and the steps involved in the process.<br /> <br /> Jason, who is the general manager of UK pension planning at Shartru Wealth, delves into what requirements the SMSF must meet in order to be recognised as a qualifying recognised overseas pension scheme (QROP) to ensure a compliant transfer of the pension.<br /> <br /> He explores the differences between the two pension systems and highlights important considerations, including age and investment strategy restrictions and some of the ongoing reporting requirements.<br /> <br /> He also discusses whether an existing SMSF can be used for the transfer by updating the trust deed and whether there needs to be segmentation between the UK and Australian money.</p>