QROPS

Have a UK Pension But Don't Reside in the UK?
If you've accumulated funds within a UK approved pension scheme and are no longer part of the UK tax system, you could transfer your UK pension fund via a QROPS (Qualifying Recognised Overseas Pension Schemes) to an overseas pension scheme provider.

These schemes allow you to consolidate your pension rights into a single offshore plan without penalty, giving a far wider range of investment options than previously available, an advantageous tax position when making withdrawals and greater access to the accumulated capital.
Achieving Your Goals
Your pension shapes your future. If you want your future to look bright once you start to ease off work and head for retirement, it's important to make plans now.

It's a common mistake to overlook retirement benefits that have been accumulated through previous company and private pension schemes that are no longer being contributed to. However, as this capital is important for your future well-being it is essential to explore all the options available to ensure you maximize the eventual outcome for you and your family.

QROPS Benefits:

Because QROPS are based in offshore jurisdictions they benefit from zero taxation at source. While in your country of residency you may be liable for taxation on your income, you will avoid capital gains tax on asset growth, as well as potentially avoiding inheritance tax. Up to 30% can be taken as a tax free lump sum.

You won't have to purchase an annuity as most offshore pension plans are fully flexible, allowing you to retain ownership of the asset. There is a transparent charging structure, with no hidden penalties or rebated commissions and the ability to receive transfers from approved pension schemes and no limits on contributions or fund size.

There are also more options when it comes to passing-on your wealth, including passing assets directly or investing assets for beneficiaries later on. UK pensions have severe restrictions as as well as being liable to UK Inheritance Tax.

how it works

A Bespoke Solution

QROPS offers a bespoke solution with your own investment strategy, allowing investments in stocks, bonds, alternative investments, cash deposits, real estate, private equity, options, life policies and more. You may enjoy tax-efficient access to capital you had previously considered "locked away" and by moving these accrued benefits into an environment with better investor protection legislation you will benefit from greater security of retirement assets that are essential for your future, thereby giving you peace of mind.

Why not give us a call to find out if QROPS is the best solution for this part of your pension savings? An exploratory meeting is completely free of charge and could have a significant impact on your overall retirement plan.