There is a huge amount of planning needed to move to Australia but surprisingly many people neglect their finances. They may open a bank account, sort out the currency exchange but forget to think about their pension. If you don't plan and have a strategy for your pension you could see its value reduce by over 9% in your first year in Australia*.

Planning to move your pension is not a cumbersome process but you will need sound financial advice from experts who understand both Australia and the UK. When you’re confident you’ve got the money side of things under control, you can start to get excited about this major change in your life.

At Siddalls, we understand all the implications of relocating to Australia. We know how to plan the move of your finances. We have dedicated pension specialists to look after what is probably your biggest asset and they have access to financial products that assist in ensuring that its value is not eroded on transfer.  

Don’t wait until you arrive in Australia and then try to move your pension. If an Australian financial adviser is not authorised in the UK then they won’t fully understand how UK pensions work and you could be placing its value at risk.

To help you start thinking about them clearly, we’ve put together a moving to Australia checklist.

You may also find it useful to look at our top ten most-asked questions.

Moving your UK pension

Managing your UK finances

*12 month fluctuation in £ to Aus$ exchange rate to 1st August 2007 stood at 9.3%