What are QROPS?
QROPS is short for Qualifying Recognised Overseas Pension Schemes, and allows a person to transfer their UK pension into an overseas pension scheme.
QROPS offer significant advantages over traditional UK pensions, and if you are living abroad permanently, then transferring your pension into a QROPS may be an option for you.
All around the world, British expats are taking advantage of the QROPS pension legislation in order to ‘unlock’ their frozen UK pensions, release a tax free sum, and to optimise the returns on their pension assets.
For a FREE, no obligation consultation, or a review of your existing UK pensions, please contact us.Read more...
Is a QROPS Right For Me?
If you can answer ‘Yes’ to any of the questions below, then speak to one of our advisers today to see if a QROPS is right for you:
- Would you like to take 30% of your pension as a tax free lump sum?
- Would you like to avoid paying Inheritance Tax on your pension fund?
- Would you like more investment choice for your pension?
- Would you like to avoid having to buy an annuity?
- Is your pension fund worth in excess of £50,000?
Our qualified advisers will determine whether a QROPS is right for you, and if so, guide you throughout the process, assisting you through the various steps to set up your QROPS pension.Read more...
QROPS in the US
As a result of recent legislative changes, it is now possible for US residents or citizens to transfer their UK pensions into a QROPS.
QROPS Adviser has advised many British expats living in the US, and US citizens with UK pensions on how to transfer their UK pensions into QROPS schemes – whilst at the same time complying with the myriad regulatory and reporting requirements laid down by US law.Read more...