Launching our Irish transfer service for SIPPs

Launching our Irish transfer service for SIPPs

  • DateMarch 11, 2021
  • CategoryInsights
  • CategoryNews

New transfer service is backed by strong Irish pension knowledge and experience.

We are pleased to announce the launch of a new Irish Transfer Service, enabling Irish expatriates and people with Irish pension benefits to consolidate Irish, UK or other overseas pension benefits into a SIPP.

With the ability to transfer into the  Adviser SIPP or Platform SIPP, the Irish transfer service is available to individuals who are resident or employed in the UK, or those who wish to transfer for other bona fide reasons acceptable to the Irish Revenue.

Consolidating existing pensions into a SIPP provides flexibility on retirement planning and can provide currency choices as well as access to wider investment options and Discretionary Fund Managers. Clients will also benefit from the ability to take financial advice from a regulated Financial Adviser on their retirement planning options.

Transfers of Irish pension benefits overseas can only be made for bona fide reasons and not to circumvent Irish pension tax rules or Irish Revenue pension rules and conditions. Individuals residing or working outside the UK will need Irish Revenue approval for the transfer.

Our transfer proposition benefits from the expertise of a senior team of Irish expats working at group level and was developed fully in-house.

Group CEO Sandra Robertson said: Demand for the transfer service has come from advisers looking for solutions which will enable them to support Irish expats and individuals who have previously worked in Ireland and now reside in the UK.

“Leveraging our in-house experience and knowledge on Irish pensions, we have developed a transfer service which provides the flexibility of SIPPs to people with Irish pension benefits as well as providing an opportunity to get independent financial advice on their retirement options.”

We have made significant investments in technology as part of our growth strategy and have recently launched an Adviser Portal designed to save time on administration and provide round-the-clock access to client information. The new Adviser Portal enables advisers to complete the SIPP application process within minutes.



The content of this article is for general information purposes only and should not be construed as legal, financial or taxation advice. You should not rely on the information contained in this article as legal, financial or taxation advice. The content of this article is based on information currently available to us, and the current laws in force in the UK. The content does not take account of individual circumstances and may not reflect recent changes in the law since the date it was created. It is essential that detailed financial and tax advice should be sought in both jurisdictions and any legal advice, if required.

iPensions Group Limited is authorised and regulated by the Financial Conduct Authority, Licence Number 464521.