durham_lad

I didn't attempt to move my UK pensions when I moved over but did update my address and contact details over the years as we moved around in the USA. A few years ago I started drawing one of them early, and in February start drawing the 2nd one when I turn 62. They are both defined benefit plans from UK companies I worked for so no US taxes were due until I started getting my monthly payments.

MidAtlantic

Once you are resident in the USA many UK providers will not accept transfers. If you have several pensions which you want to consolidate with one provider you should do this before you move.

Pulaski

I agree with this, and with Nun.

There is a rather litigious financial advisory firm that seems to trawl the internet, including LinkedIn, and share scare stories with any British expats they find, with the intention selling them high questionable and fee-heavy services which apparently move safe and secure funds in British pension investments into dubious offshore (Q)ROPS. I can't share the name because, as a result of legal harassment of BE, the forum will replace the name with a string of asterisks, but suffice to say the name rhymes with a famous diamond company.

If you are approached by one of these sharks I recommend that you tell them to take a hike, and that you will "make a complaint to their compliance officer if they contact you again". Those are the "magic words" which will keep them away from you in future as a documented complaint to the compliance officer can stir up a §4it storm with their regulator, and is a definite black mark against the employee.

If you need to file such a complaint, just address it to "the Compliance Officer" at any corporate office address and it will find its way to the right desk.

michaeldc

Ignore please

nun

Many UK providers make it difficult to transfer even if you are in the UK. But the point is well taken.......get your finances sorted as much as possible before any move as cross border transactions are becoming increasingly difficult.