If you worked in the UK for 10 years or more and hold a Defined Benefit or ‘Final Salary’ pension with an estimated income in excess of £10,000 a year or a total value of over £300,000, it is vital you gather as much information as possible about its performance and understand your Options as a US resident.
A number of factors could make this the best time to transfer your pension into another scheme.
At GWM USA we know that making a decision on which solution is right for you can be daunting, which is why the guide will also help you answer the questions most British internationals are asking.
There are a number of reasons why transferring your pension to a different pension scheme may provide you with greater control over your future.
Record High Transfer Values
Final Salary Transfer Values are currently at the highest level we have seen. With continued global uncertainty, it’s hard to know how long this will last.
Rather than your money being held in a scheme created to serve the masses, transferring allows you to build a new plan tailored to your personal requirements.
Many international workers don't want to be told when they need to start drawing an income from their retirement fund.
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