Tel: +353 (0)1 272 4130

If you have worked in the UK at some stage of your career, you may have a UK pension.

Now you are settled in Ireland, you may want to transfer your pension.

OpesFidelio Ireland Ltd have many years’ experience in facilitating such transfers.


How does it work?

Your UK pension is sitting with a UK pension provider. To transfer that pension to Ireland, you will need to transfer it to a qualifying recognised overseas pension scheme.


Qualifying Recognised Overseas Pension Schemes (QROPS)

QROPS, are a pension transfer arrangement that is in line with both U.K. and Irish Revenue rules. They let people transfer pension entitlements from the Ireland without tax consequences in most circumstances.


What are the benefits of transferring a UK pension to Ireland?

  1. Convenience – transferring your pension may make sense if you want to convert your pension into euro. Please note that we can also facilitate a transfer to Ireland and keep the pension in sterling which would eliminate currency risk.
  1. Tax – A QROPS can accept pension transfers from the UK without the potential for triggering a tax charge.
  1. Standard Fund Threshold – any pension savings transferred to Ireland do not count towards the €2 million Standard Fund Threshold, which is the maximum amount you can save for in Ireland without heavy tax implications.
  1. Inheritance Planning – if the beneficiaries of your will or your dependents aren’t living in the UK, leaving your pension there may be more complicated to deal with.


Transferring a pension to Ireland may not suit in every circumstance and not every UK scheme will permit it, so it is important to take advice. OpesFidelio Ireland Ltd are ideally placed to provide you with the advice you need. Laws and Tax rules may change in the future.


Want to find out more?

Contact us for advice on whether a transfer is the right option for you or to set up a meeting with one of our advisors where we can look at your overall retirement structure and ensure that all your pension funding is working for you to reach your desired retirement.


The Financial Conduct Authority does not regulate Tax Advice, Qualifying Recognised Overseas Pension Scheme, Estate Planning.

The value of investments and the income derived from them can fall as well as rise. You may not get back what you invest.



OpesFidelio Ireland Ltd
12, Parklands Office Park
Southern Cross Road
Bray, County Wicklow

Tel: +353 (0)1 272 4130

OpesFidelio (Ireland) Ltd. - Company Number 158916 - VAT Number 6556916J

OpesFidelio Ireland Ltd. is an Appointed Representative of Aisa Financial Planning Ltd., which is authorised and regulated by the Financial Conduct Authority and registered as a branch with the Central Bank of Ireland (CBI).
The guidance and/or advice contained in this website is subject to UK & Irish regulatory regime.
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients.
Full details of the FOS can be found on its website at (UK) / (Ireland).