Specializing in Transferring Pensions from UK to Canada
Free Consultation
Benefits of Transferring Your UK Pension to Canada
Tax Free Spousal Roll Over
Upon death, your UK pension in Canada will roll over to your spouse TAX FREE. This is because your pension will be a RRSP account in Canada which the CRA allows to be transferred to a spouse tax free at death. If left in the UK, you could be subject to tax at death and/or lose a large portion of your pension.
No Tax Liability to the UK
You will not be subject to any taxation in the UK when withdrawing your pension funds in Canada. You will only be subject to tax in Canada which is dependent on your total income in the tax year that you withdraw from your pension.
Currency Risk / Exchange / Fluctuations
Your pension will be held in Canadian dollars if you transfer it to Canada. This eliminates the risk of currency fluctuations of the pound sterling and provides you with more control on your retirement income. Withdrawals in retirement will be in Canadian funds.
Choosing Your Beneficiary
You have the ability to name a beneficiary on your pension to ensure that the balance of your pension goes to person(s) of your wish at death. Your beneficiaries will receive the full remaining amount of your investment because your investment has the ability to bypass probate and estate fees.
Retirement Income Options
There is full control of your retirement income options when it is in Canada. Choose between regular scheduled withdrawals or lump sum deposits- you have the ability to decide how and when to take income from your retirement account.
Guarantee Your Principle
Currently Industrial Alliance is the only eligible investment provider accepting UK pensions in Canada and they provide the ability to guarantee up to 100% of the initial transfer value of your pension when it arrives in Canada. This adds another layer of protection on top of your hard earned money.
Accessibility / Control
Since your pension would be managed in Canada, you have full control of when you would like to withdrawal monies, make investment selections and decisions, name your beneficiaries and more.
Investment Options
When your pension arrives in Canada, you have access to our advisory team to select between a mix of different investment options to suit your needs and risk tolerance. Stocks, bonds or even cash. You can make changes to your investments as freely as you like.
Contact Us For A Free Consultation
What our clients say
Simon was extremely helpful with getting our pension monies from the UK to Canada. After we got him all of the paperwork he asked for, everything was taken care of. Thanks much.
B. Anderson
Super helpful and reliable service. We thank the Huften Financial team for helping getting our families pensions over to Canada as we are now Canadian citizens and want to control our investments. Thanks so much.
N. Seepersad
The service Simon provided allowed us to bring our pension accounts that we had from our previous employment to Canada. Now we have much more control and understanding of our retirement.
M. Simpson
Introductory Call / Meeting
If you have moved to Canada permanently and have a pension from a previous employment in the United Kingdom that you wish to transfer to Canada, contact us for an introductory phone call.
We will chat briefly to determine if it is beneficial to transfer your pension from the UK to Canada. If it is, we will send you our “Request for Information” data sheet so that we can start working on your behalf to get your pension funds to Canada.
Contact Simon today to learn more…
- Professional, trusted investment and pension advice
- No obligation one on one consultations
- Canadian owned and operated
Request for Information
Once we have both agreed that it is in your best interest to transfer your UK pension to Canada and you have decided to move forward, we will provide you with a document to complete that will allow us to work on your behalf.
We will contact your pension administrator to request an update on your pension values, account numbers, transfer details, etc.
Throughout this entire process there is no cost for the work we are doing as we are commissioned by the investment provider in Canada.
Contact Simon today to learn more…
- Professional, trusted investment and pension advice
- No obligation one on one consultations
- Canadian owned and operated
Completing The Transfer
After we have received the necessary information from your pension administrator, we will be in touch with you to review everything and complete any required application/transfer documentation.
We will take care of everything including setting up your new investment account in Canada, processing transfer requests, follow ups, etc.
Contact Simon today to learn more…
- Professional, trusted investment and pension advice
- No obligation one on one consultations
- Canadian owned and operated
Contact Us For A Free Consultation
Office +1 778 484 2683
Fax +1 250 762 3525
info@huftenfinancial.ca
Unit 110, 565 Bernard Ave. Kelowna, BC V1Y 8R4 Canada
Mon–Fri: 8:00 AM–5:00 PM
By Scheduled Appointment