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 has 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 U.K.to 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 is 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 Central Bank does not regulate Tax Advice, Qualified Recognised Overseas Pension Schemes or 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
Email: adminireland@opesfidelio.ie

We are conveniently located on the Southern Cross Road between Bray and Greystones which can be accessed via junction 7 of the N11.

This is ideal for servicing clients from the surrounding South Dublin, Wicklow and greater Leinster areas.



Our office is situated 20kms south of Dublin, just beyond Bray in Co. Wicklow. Take the M50 southbound onto the N11 then take Exit 7, the Bray/Greystones exit and follow signs to Greystones. We are on the right near the end of the Southern Cross road leading from the N11 to the Greystones Rd.


OpesFidelio Financial Planning Ltd is regulated by the Central Bank of Ireland.

OpesFidelio Financial Planning Ltd (Company No 456044) is a wholly owned subsidiary of OpesFidelio Ireland Ltd (Company No 158916).

OpesFidelio is a trademark used under licence.