Guest lynneand mark Posted June 14, 2007 Share Posted June 14, 2007 Could anyone recommend an independent financial adviser in London or Surrey? We need someone who knows about migration issues (obviously). We are looking for advice on transferring the profits from the house sale, transferring pensions (or not if that is the better option) and anything else that we may not even have thought of!!!!! Many thanks, Lynne Link to comment Share on other sites More sharing options...
ali Posted June 14, 2007 Share Posted June 14, 2007 We used prismexpats - not sure if they do it as all one word or not (could be prism ex pats), they travelled up to manchester to see us (we met them at a hotel near the airport), The guy who saw us had qualifications in both UK and Aus Ali Link to comment Share on other sites More sharing options...
Anderson Posted June 15, 2007 Share Posted June 15, 2007 We used prismexpats - not sure if they do it as all one word or not (could be prism ex pats), they travelled up to manchester to see us (we met them at a hotel near the airport), The guy who saw us had qualifications in both UK and Aus Ali Were are going to see them on Tue they are coming to Bristol. So i would have thought that they will travel to London. I believe there office is in Abingdon near Oxford. Tracey Link to comment Share on other sites More sharing options...
Guest lynneand mark Posted June 17, 2007 Share Posted June 17, 2007 Thanks. Do you know if they are a set fee and how much or do they go by some sort of commission??? Link to comment Share on other sites More sharing options...
Guest Abi&Dan Posted June 18, 2007 Share Posted June 18, 2007 try www.unbiased.co.uk for IFAs in your area. You might need to ring a few to find one that can claim to have Oz knowledge and you should check upfront what their method of renumeration is (fee based ones are often very good but if they're hourly based this can add up) Link to comment Share on other sites More sharing options...
Alan Collett Posted June 19, 2007 Share Posted June 19, 2007 In my experience few IFAs in the UK have knowledge of Australian tax law ... ditto UK accountants ... Best regards. Link to comment Share on other sites More sharing options...
Guest Shirazslugger Posted June 19, 2007 Share Posted June 19, 2007 Could anyone recommend an independent financial adviser in London or Surrey? We need someone who knows about migration issues (obviously). We are looking for advice on transferring the profits from the house sale, transferring pensions (or not if that is the better option) and anything else that we may not even have thought of!!!!! Many thanks, Lynne Hi, my husband met with them in Abingdon yesterday. He felt they seemed to specialise in pensions and inheritance tax issues ( possibly as these are the areas in which they have products to sell). He paid £150 for a 2 hour discussion after first having to fill in a hefty questionnaire with all aspects of your financial situation and assets. He does need to go back and ask them specific questions that weren't answered in the mtg and I found that a lot of what they spoke about was stuff that you could pick up on the web. My suggestion would be to go and see them but be very specific as to the info you want otherwise it will end up being more of an overview of information. We need specific help and advice on our tax liablility on assets here and also US held stock so any suggestions gratefully received! good luck! Link to comment Share on other sites More sharing options...
Alan Collett Posted June 19, 2007 Share Posted June 19, 2007 It seems these are capital gains tax planning issues ... if you'd like me to send you a fixed fee proposal for tax planning advice please feel able to send me an email. I can then send you a Questionnaire, and when I have that to hand I can send you a proposal. If you are interested there are also some free tax factsheets available here: Collett & Co Best regards. Link to comment Share on other sites More sharing options...
Guest newnico Posted June 19, 2007 Share Posted June 19, 2007 Sorry to butt in, Alan, but are you able to provide advice on pension transfers, ie whether to leave pensions in the UK or transfer them? I also had an initial session with the firm referred to in this thread but will not be going back for more, so I'm still looking for independent advice (moving to Melbourne in Nov). Nico Link to comment Share on other sites More sharing options...
Alan Collett Posted June 20, 2007 Share Posted June 20, 2007 Sorry to butt in, Alan, but are you able to provide advice on pension transfers, ie whether to leave pensions in the UK or transfer them? I also had an initial session with the firm referred to in this thread but will not be going back for more, so I'm still looking for independent advice (moving to Melbourne in Nov). Nico I can advise on the tax background. What I don't do (yet) is advise on which fund should be the recipient of pension benefits that are transferred to Australia - that is a financial planning issue. If you know you want to effect a pension transfer I would: - contact your UK pension scheme administrators, and ask them to confirm the information they will need to arrange a transfer of your UK benefits to a superannuation fund in Australia - liaise with a financial planner in Australia once you have arrived; after due consultation you should have details of the super fund in Australia (which must have what is called QROPS status to avoid a tax charge when the pension benefits exit the UK) - lodge the relevant paperwork with the UK pension scheme admin people, after which your UK scheme benefits should find their way to your Australian super fund Remember the pension transfer should take place within 6 months of your commencing tax residency in Australia to avoid a tax charge in Australia (albeit one computed with reference to the value of the UK scheme on the day you become a tax resident of Australia - NOT the whole sum transferred). Best regards. Link to comment Share on other sites More sharing options...
Guest angela m Posted June 20, 2007 Share Posted June 20, 2007 Re: pensions Have you tried The Pensions Advisory Service (TPAS) I'm not in any way recommending them, but you could find some useful info there. Angela Link to comment Share on other sites More sharing options...
Guest Abi&Dan Posted June 21, 2007 Share Posted June 21, 2007 - liaise with a financial planner in Australia once you have arrived; after due consultation you should have details of the super fund in Australia (which must have what is called QROPS status to avoid a tax charge when the pension benefits exit the UK) Though be aware QROPS isn't to avoid tax. An approved UK pension scheme will simply not pay a transfer to an overseas pension scheme that is not QROPS (they would lose their tax approval status from HMRC - as UK pension scheme can only TV to another approved scheme in UK or abroad). HM Revenue & Customs: Qualifying Recognised Overseas Pension Schemes (QROPS) for a list of current approved schemes Hope it helps - though it's a blinkin minefield!! And always bear in mind Oz is very reluctant to give up your pension funds for a TV back to UK if you change your mind (think you have to give up residency status or something). Link to comment Share on other sites More sharing options...
Guest Abi&Dan Posted June 21, 2007 Share Posted June 21, 2007 The Pensions Advisory Service (TPAS) - Pension Rights - Overseas Transfers This breaks it down quite nicely Link to comment Share on other sites More sharing options...
Guest newnico Posted June 21, 2007 Share Posted June 21, 2007 Thanks Alan and everyone else. My problem is that I can't work out whether I SHOULD transfer my pension at all, so I'm stuck at the moment. Oh well, no decision is a decision, so to speak, and all the advice could come in useful if I get a blinding flash of inspiration. So thanks all! Nico Link to comment Share on other sites More sharing options...
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