UK Pension Transfer Specialists and Advisors

Does your client have a UK pension? Think of us as an extension of your team.

We Exclusively Advise on UK Pensions

Florin Pensions specializes in providing solutions for managing your client’s UK pension assets. We regularly work with US wealth advisors, accountants and estate planners to help their clients understand and manage their UK pensions in line with their overall retirement strategy.

We Have a Single Focus

We focus solely on UK pensions and helping US-based people with their UK retirement strategies. So, you can feel confident about working with us.

We Make It Easy

UK pension and retirement plans can be complicated for people living in the US, but we’ll provide a clear picture of your client’s current UK pension(s) and options.

We Are a Partner

We are specialists in our field and work regularly alongside US wealth advisors, accountants, and estate planners so their clients’ UK pensions can work cohesively with their US retirement assets.

We Stay Current

We monitor changes to UK pensions legislation that may affect your client’s assets, and we’ll proactively advise you as things change.

How We’ve Helped Other US Advisors

Due to the nature of our work, we often partner with our clients’ US advisors when advising on UK pensions. Our case studies highlight just some of the ways we have helped our clients make sense of their UK pensions.

Read Our Case Studies

Talk to an Advisor

If you would like to discuss your client’s UK pension(s) to learn what options might be available before and during retirement, contact one of our Florin Pensions advisors for an initial consultation.

Get in Touch

We know that it can be difficult to find up-to-date information on a client’s UK pension, particularly if the client has accumulated a few pensions over the course of their employment in the UK. To assist, we will ask your client to complete a Florin Pensions’ Authorization. This authorization enables our team to assist in locating each UK pension provider and then request up-to-date information on your client’s UK pension(s) including current value, investments, and benefits. We can then use this information to have a complimentary consultation with you and your client to discuss our findings and confirm any next steps.

Unfortunately, the transfer of a UK workplace or personal pension into any US retirement account, including an IRA, is not permitted by the Internal Revenue Service (IRS).

We appreciate that it can be frustrating for clients when we confirm this to them. Many clients retiring in the US simply want to have their retirement assets in one place. However, we advise our clients to make sure their UK pension is in the right type of UK pension plan structured to meet their overall retirement goals so that it can continue to play a meaningful role in their retirement.

In simple terms a person should, in most cases, be able to transfer a QROPS into a UK SIPP, however, there are important factors that should be considered on a case-by-case basis before doing so.

A QROPS (or Qualifying Overseas Pension Scheme) is a personal pension scheme set up outside of the UK (and regulated as a personal pension scheme in the country where it is established) but recognized by UK HMRC. QROPS can receive transfers from UK-registered pension schemes. A popular jurisdiction for QROPS transfers has been Malta.

As a result of changes to pensions and tax legislation/guidance in 2015, 2017 and even 2021, the benefits of a QROPS over a UK personal pension like a SIPP for expatriates have significantly diminished. This is particularly the case for US residents/taxpayers.

If your client is currently in a Malta QROPS, it is possible to transfer the pension assets back to the UK into a UK personal pension. Reasons for considering such a transfer can include having a more cost-effective pension structure in a jurisdiction the client is more familiar with. However, whether a transfer from a Malta QROPS to a UK SIPP is advisable will very much depend upon the client’s individual circumstances. If you would like to learn more, contact a Florin Pensions advisor.

We know that it can be difficult to find up-to-date information on a client’s UK pension, particularly if the client has accumulated a few pensions over the course of their employment in the UK. To assist, we will ask your client to complete a Florin Pensions’ Authorization. This authorization enables our team to assist in locating each UK pension provider and then request up-to-date information on your client’s UK pension(s) including current value, investments, and benefits. We can then use this information to have a complimentary consultation with you and your client to discuss our findings and confirm any next steps.