QROPS Canada · UK Pension Transfers
UK Pension Transfer
For years, expats who were residing in Canada were allowed to transfer their UK pensions to Canada into a QROPS (Qualified Recognized Pension Scheme) within certain limits. In February of 2017, HMRC stopped allowing the transfer of pensions from the UK to Canada.
Fortunately on September 15 2019, HMRC started allowing the transfer of UK pensions to Canada into a QROPS. They have added an age requirement which states that you must be between the ages of 55 and 70 to be able to transfer a UK pension to Canada.
If you are age 55 or older we recommend that you reach out to us for a free personalized, one on one consultation.
If you are under age 55 and are interested in transferring your pension, please contact us so we can follow up with you when the time is right.
Strata Wealth & Risk Management INC
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What Are The Steps?
01
Introduction & Discovery
The first step is to ensure that you have moved to Canada from the UK, are currently a Canadian resident aged 55 or older and that you have a pension in the UK that you are interested in transferring to Canada. If so, we need to have a short discussion (either by phone or email) to understand your current financial situation in more detail and determine if it is in your best interests to transfer your pension from the UK to Canada.
02
Gathering Documents
Once we have mutually agreed that it is beneficial to transfer your UK pension to a qualified retirement account in Canada, you will need to authorize us to start working for you. With your consent, we will contact your pension provider(s) to request up to date investment/transfer values, as well as any relevant documents required to start the transfer process. Throughout this entire process there is no cost for the work we are doing as we are commissioned by the investment provider in Canada.
03
Transfer of Funds
After we have received the necessary information from your pension administrator (current values, forms, etc.), we will be in touch with you to review everything and completed the required application/transfer documentation. This can all be done via phone, email or in person- whichever you prefer. We will take care of everything including setting up your new investment account in Canada, processing transfer requests, follow-ups, etc.
Status Update – February 2026
The transfer of QROPS pensions from the UK to Canada are available for those between the ages of 55 and 70. We are hoping that we are able to accept transfers for those age 71 and older in the near future.
Did You Know?
The most important condition for the majority of DB pension holders is the fifth one: the FCA independent advice requirement. It applies to virtually every DB pension of significant value and adds an additional stage – and 4 to 6 weeks – to the transfer timeline.
Why Choose Us?
Our clients mean everything to us and we’ve worked hard over the years to build a team focused business that is tailored to their needs.At Strata Wealth, Simon Huften specializes in working with expats who want to transfer their pension assets from the UK to Canada. Simon brings many years of experience in the financial industry and is supported by the entire Strata Wealth team. He manages existing QROPS RRSP/RRIF accounts in Canada as well as assists new clients with transferring their pension assets to Canada.Whether it be assisting with your UK pension transfer, financial planning, mortgage or taxes, The Strata Wealth Team has specialists in all areas in the wealth sector.