Uk pensions in Canada
#106
Re: Uk pensions in Canada
Last edited by christmasoompa; May 12th 2020 at 3:51 pm.
#107
Re: Uk pensions in Canada
Coming on to a forum I thought I would get some comments from people in similar circumstance, not from people trying to sell me their services. Also, the below quote puts me off...
In the majority of cases, we do not charge for our services. Instead, we receive remuneration from the RRSP provider of the Canadian plan. Therefore, we do not have to charge our clients for helping them transfer their UK pension funds to Canada.
This suggests to me that you will receive commission from the pension as I have seen it worded this way before. That is a no go for me.
In the majority of cases, we do not charge for our services. Instead, we receive remuneration from the RRSP provider of the Canadian plan. Therefore, we do not have to charge our clients for helping them transfer their UK pension funds to Canada.
This suggests to me that you will receive commission from the pension as I have seen it worded this way before. That is a no go for me.
If the purpose of you coming onto a forum is to try and get answers to your questions, then that is what I will look to provide, especially when it is related to an area that I would like to think I know a little bit about ........and also, you did get a response from somebody who has been in the same circumstances as yourself, I too had my pension funds in the UK before transferring them to Canada
Last edited by mjwalker007; May 12th 2020 at 4:05 pm.
#108
Just Joined
Joined: Oct 2019
Posts: 7
Re: Uk pensions in Canada
Touched a nerve I think? Apologies if so but not wanting to be sold or swayed when I am asking questions. If I want that, I'll contact someone directly.
Your post signature also did not have your website attached first off and now it does which would have made me discount comments anyway and is an informal way of advertising your services.
Your post signature also did not have your website attached first off and now it does which would have made me discount comments anyway and is an informal way of advertising your services.
#109
Re: Uk pensions in Canada
Touched a nerve I think? Apologies if so but not wanting to be sold or swayed when I am asking questions. If I want that, I'll contact someone directly.
Your post signature also did not have your website attached first off and now it does which would have made me discount comments anyway and is an informal way of advertising your services.
Your post signature also did not have your website attached first off and now it does which would have made me discount comments anyway and is an informal way of advertising your services.
Now let's get this thread back on track eh?
#110
Re: Uk pensions in Canada
Touched a nerve I think? Apologies if so but not wanting to be sold or swayed when I am asking questions. If I want that, I'll contact someone directly.
Your post signature also did not have your website attached first off and now it does which would have made me discount comments anyway and is an informal way of advertising your services.
Your post signature also did not have your website attached first off and now it does which would have made me discount comments anyway and is an informal way of advertising your services.
#111
Just Joined
Joined: Oct 2019
Posts: 7
Re: Uk pensions in Canada
I am sure you are and I am sure you have helped I just didn't like the first few comments collaborating information and then trying to solicit services. I like that you have your website at the bottom now as now I can see that you do have a vested interest in comments and has the necessary declaration that any registered investment adviser should have online. Working in law, I do have some knowledge of what can and cannot be done.
Last post from me and this thread can get back on track. Although I feel it was still on track and people should know if commenters have a vested interest.
As a newbie looking forward to what else this site has to offer the expat! Lockdown has given me more times to look and find things such as these!
Last post from me and this thread can get back on track. Although I feel it was still on track and people should know if commenters have a vested interest.
As a newbie looking forward to what else this site has to offer the expat! Lockdown has given me more times to look and find things such as these!
#112
Banned
Joined: Apr 2009
Location: SW Ontario
Posts: 19,879
Re: Uk pensions in Canada
#113
Just Joined
Joined: Jun 2020
Posts: 1
Re: Uk pensions in Canada
quick question how is the Blacktower Pension going - i am about to move and looking for some feedback on the compmnay - Can you help?
Last edited by christmasoompa; Jun 30th 2020 at 2:48 pm. Reason: Contact details removed
#114
Re: Uk pensions in Canada
I've removed your contact details, we ask that you please don't put them on the forum, which is for your own sake - BE is a public forum so they'll be picked up by every spambot & weirdo out there! People can contact you via the forum if they wish.
Where are you about to move to, back to the UK?
#115
Just Joined
Joined: Dec 2018
Posts: 11
Re: Uk pensions in Canada
Anyone had dealings with Cidel or IAG to have your pension from the UK moved to Canada re QROPS. I asked Cidel to contact me via their website, and nothing. Does not inspire confidence.
IAG said to look up financial advisors from their website by plugging in my Post Code. Which I did, and everything is in Richmond BC. Can I trust these people? Lol.
IAG said to look up financial advisors from their website by plugging in my Post Code. Which I did, and everything is in Richmond BC. Can I trust these people? Lol.
#116
Re: Uk pensions in Canada
IAG are based out of Quebec and are probably more recognized on the east coast, although they have offices across the country.
They are a good provider in regards to the QROPS options available, having been a Canadian Insurance and Investment provider for over a 100 years. They also have a strong "standard and poor" rating.
They are a good provider in regards to the QROPS options available, having been a Canadian Insurance and Investment provider for over a 100 years. They also have a strong "standard and poor" rating.
#117
Re: Uk pensions in Canada
IAG are based out of Quebec and are probably more recognized on the east coast, although they have offices across the country.
They are a good provider in regards to the QROPS options available, having been a Canadian Insurance and Investment provider for over a 100 years. They also have a strong "standard and poor" rating.
They are a good provider in regards to the QROPS options available, having been a Canadian Insurance and Investment provider for over a 100 years. They also have a strong "standard and poor" rating.
#118
Re: Uk pensions in Canada
IAG are based out of Quebec and are probably more recognized on the east coast, although they have offices across the country.
They are a good provider in regards to the QROPS options available, having been a Canadian Insurance and Investment provider for over a 100 years. They also have a strong "standard and poor" rating.
They are a good provider in regards to the QROPS options available, having been a Canadian Insurance and Investment provider for over a 100 years. They also have a strong "standard and poor" rating.
He received a response and forwarded on some detail to me - checklist, process etc. One thing that jumped out and I quote directly from the IA Clarington document:
Q: What is the minimum age to establish a QROPS
at iA Clarington?
A: The client must be 55 years of age or older, per
our agreement with HM Revenue & Customs.
I'm 52, so don't meet this criteria. I understood, perhaps incorrectly that one could move their UK pension into a QROPs at any age, but not access it before a certain age. Is the minimum age quoted an IAG thing or a UK Revenue requirement?
mjwalker007 ?
#119
Re: Uk pensions in Canada
I'm 52, so don't meet this criteria. I understood, perhaps incorrectly that one could move their UK pension into a QROPs at any age, but not access it before a certain age. Is the minimum age quoted an IAG thing or a UK Revenue requirement?
mjwalker007 ?
mjwalker007 ?
#120
Re: Uk pensions in Canada
IA have made the decision to guarantee to HMRC that money cannot be accessed below age 55 by the simple expedient of only accepting transfers from people age 55 or older. You will either have to wait 3 years until you are age 55 OR hope a new Canadian provider comes along that will accept transfers in below age 55 (with the onerous procedures and reporting requirements that HMRC will impose). Australia had tge same thing happen 10 or 15 years sgo when ALL schemes were disqualified from QROPS, the first few schemes back then only accepted them for age 55 plus, then later opened it up to younger aged transferees.