Pension Transfers

At Mayfair Southern, we provide expert guidance and secure solutions for transferring your pension. Whether you're looking to consolidate multiple pensions, access better investment options, or align your pension with your retirement goals, our team ensures the process is smooth, transparent, and compliant with UK regulations.

Transfer with Expert Guidance

Transferring your pension is a significant step in your retirement planning and can often be complex. At Mayfair Southern, we provide expert guidance and a full range of services to support you through every stage of the process. Our goal is to help you make well-informed decisions that align with your financial objectives and optimise your retirement outcomes.

What is a Pension Transfer?

A pension transfer involves moving your pension funds from one scheme to another. Transfers can offer benefits such as:

Simplifying management by consolidating multiple pensions
Accessing a wider range of investments
Gaining greater flexibility in retirement options
Relocating abroad and transferring to a recognised overseas pension scheme

Pension Analysis

Our team of specialists carries out a detailed analysis of your current pension arrangements - including defined contribution (DC) schemes, defined benefit (DB) schemes, and personal pensions. We carefully assess key factors such as fund performance, fees, investment choices, and projected retirement income to determine whether a pension transfer is suitable for your financial goals.

Pension Transfer Evaluation

We assess whether a pension transfer aligns with your individual circumstances by considering key factors such as your risk tolerance, investment objectives, time horizon, and retirement goals. Our evaluation carefully weighs the potential advantages and disadvantages of a transfer, ensuring the decision supports your best financial interests.

Pension Scheme Comparison

If a pension transfer is considered appropriate, we offer a detailed comparison of suitable pension schemes. Our team evaluates the features, benefits, fees, and investment options of each scheme to guide you in selecting the most suitable destination for your pension, ensuring your decision is well-informed and aligned with your long-term goals.

Investment Strategy Review

We ensure that the investment strategy of your selected pension scheme is aligned with your risk tolerance, financial objectives, and long-term retirement goals. Our team conducts thorough research and analysis of the scheme's investment options, evaluating factors such as performance, asset allocation, and diversification to help maximise the potential for growth and income within your pension fund.

Types of Pension Schemes

Defined Contribution (DC) Schemes

Pension pot grows with contributions and investment returns
Transfers are generally straightforward but may involve exit fees

Defined Benefit (DB) Schemes

Provide guaranteed retirement income based on salary and service
Transfers are more complex and usually require professional advice

Overseas Transfers

Transfers abroad are possible through a Qualifying Recognised Overseas Pension Scheme (QROPS). These transfers are subject to tax implications and regulatory requirements, including a potential 25% tax charge on the transfer value.

Considerations & Risks

Loss of Benefits Transferring from a DB scheme may mean losing guaranteed income
Exit Fees Some providers may charge fees for transfers
Investment Risks Different schemes have different investment strategies that may affect your returns

Why Choose Mayfair Southern?

Expert Guidance Professional support throughout the transfer process
Compliance & Security Fully FCA-regulated (FCA Number 1036769) with secure handling of funds
Tailored Solutions Transfers customised to your individual retirement goals
Transparent Processes Clear reporting and communication at every step

Get Started Today

Speak with our team to discuss your pension transfer options and ensure your retirement planning is on track.

Talk To An Adviser