Pension Transfer Specialists for those looking at Pension Transfer options. Trusted specialists in UK final salary, occupational pensions and 'defined benefit' pension transfers. Reasons to Consider Transferring 1. Inheritance Tax Benefit A final salary or defined benefit pension can be a significant financial asset. A transfer capitalises and gives you control of this asset, which can now be passed down through the generations without inheritance tax. It is a waste of this asset to lose it on death when the capital value, or a significant portion of it, can be preserved for the next generation. 2. Add to Pension Value Transfer values are so high at present that a good deal of the investment risk associated with transfers can be removed. On most transfer values a 1% real investment return, after fees and inflation, will provide the same level of pension plus significant residual value to pass on. This sort of return can be achieved with a high degree of certainty in fixed income investments without any exposure to riskier, unpredictable equity investments if desired. 3. Get Complete Flexibility Transfers offer you complete flexibility over when and how much you draw on your pension account and are in complete contrast to a fixed monthly pension income. It's inconceivable that 60 year olds retiring now with the prospect of potentially 30 years or more of retirement will have the same cash needs year in year out until they die. 4. Take an Early Cash Sum This flexibility extends to taking the cash as early as age 55 and deferring the taxed pension until it's needed. The potential uses of this early cash sum are extensive, from paying down mortgages early, to investing in ISAs, or helping the next generation on to the property ladder. 5. Save Tax With flexibility comes the ability to be tax efficient. In virtually all the cases where a financial advisor has recommended a transfer there has been the ability to save tax as compared to the rigid final salary or defined benefit pensions. 6. Remove the 'Life Expectancy Gamble' A final salary or defined benefit transfer takes away the life expectancy gamble. It capitalises the benefit once and for all based on normal life expectancy, irrespective of your personal health now and in the future.