You may have accumulated a significant fund or have a company with a defined benefit scheme which is offering attractive multiples if you transfer out its scheme. This is an opportunity for you to realise that value with a pension transfer and take control of your wealth in one place.
And once you’ve transferred your UK pension it will be free from future UK legislation changes. Furthermore, at the age of 55 you can withdraw your pension income in the currency of your choice with no FX costs.
Also, there is no requirement to take an annuity at any stage, thus enabling any unused monies to be passed to your beneficiaries