The first step would be to contact us to determine if your pension is eligible to be transferred to Canada. If it is deemed eligible and you decide to proceed, we would work together to contact your pension provider to gather updated pension values, complete transfer paperwork, etc. We will help make the process a breeze.

Please Note: You must be between the ages of 55 and 70 in order to qualify to transfer your private pension account from the UK to Canada.

You can learn more by clicking here.

At Strata Wealth, we do not charge a fee to complete the transfer of funds from the UK to Canada. Our firm is 100% compensated by the investment provider who receives the funds when they arrive in Canada.

If your pension in the UK is a “Defined Benefit” (aka final salary) pension with a value greater than £30,000 and has a guarantee on the amount that you’ll be paid when you retire, you will require a FCA approved, qualified financial adviser in the UK completed an analysis of your pension and provide you with something called a “Certificate of Advice”.

There is a cost involved to have this completed. We have a referral arrangement with UK financial advisers who specialize in this who can complete it for you. We will provide the referral if you decide to move forward.

If your pension in the UK is a “Defined Contribution” pension, then there are no additional charges to transfer your pension to Canada. It is much more straightforward to transfer a Defined Contribution pension compared to a Defined Benefit pension.

Unfortunately, yes. As of January 2026, you must be between the ages of 55 and 70 to transfer your private pension from the UK to Canada.

The age 55 rule was introduced a few years ago by HMRC.

There are many advantages of transferring your pension from the UK to Canada. We have a separate page on our website which talks about the benefits of having your pension in Canada. You can visit it by clicking here.

Some of the advantages include tax free spousal roll-over at death, no tax liability in the UK, no currency fluctuations, easier management of funds, principal guarantees, simplicity at death and more.

You can choose to invest your UK pension funds in mutual funds or segregated funds. The qualified investment provider we use for UK pension transfers in Canada for mutual funds is iA Clarington and for segregated funds is Industrial Alliance.

In a nutshell, mutual funds typically have sligtly lower investment management fees compared to segregated funds (although recently they are very similiar). Segregated funds provide much better guarantees, estate protection and benefits when compared to mutual funds.

We will help you understand the differences between the two investment options to help you decide what is best for your situation.

You can learn more by reaching out to us by clicking here.