UK pension schemes are highly regulated, thus there are numerous restrictions on how these schemes must operate. Additionally, HMRC can impose substantial tax charges, particularly on death. Moving to a QROPS for a non-UK resident can provide greater flexibility as well as being highly tax efficient.
We can assist individuals who are looking for QROPS and QNUPS advice and on QROPS/QNUPS transfers. . If you are moving or have moved abroad from the UK and have money in UK pensions schemes you may wish to know more about QROPS and QNUPS designed for expatriates (expats) who have emigrated and now live in countries and jurisdictions such as: France, Spain, Malta, Cyprus, Hong Kong, Singapore, Malaysia, Jersey, Isle of Man, Guernsey, India, China, Canada, Ireland, Israel, Thailand, Dubai, South Africa, Switzerland, Monaco, United Arab Emirates and others.
Institutional backing from a recognisable, financially strong and highly respected institution.
The potential for substantial tax savings. Full compliance with UK regulations.
Where required, access to UK qualified and authorised specialist pension transfer advice.
The ability to appoint a Discretionary Fund Manager
Access to the Transact Investment Platform.
The ability to leave your pension to your family free from UK taxation.
No requirement to purchase an annuity or Alternatively Secured Pension.
Greater control and freedom over your investments. .
We can provide advice on whether the QROPS is suitable for you and details of the trusts or companies approved by the UK Inland Revenue to handle any transfer of your old UK pension to the Offshore sector.
Please contact us should you have a specific enquiry.