QROPS Overseas pensions schemes ~ Overseas pensions schemes for expats ~ QROPS ~ Transfer my pension abroad ~ QNUPS benefits for expats ~ QNUPS inheritance tax planning ~ QNUPS ~ transfer UK private pension overseas ~ Expat pensions and tax rules ~ Pension - tax relief overseas ~ Overseas pensions schemes for expats
 
  • Established 1998
  • Advisers with 100 years combined experience 
mmawards0.png
  • Award won by UK advisers for two years running. For more information contact us about the example case study that made our advisers Winners.

QROPS

 

  • Established 1998
  • Advisers with 100 years combined experience 

mmawards.png

  • Award won by UK advisers for two years running. For more information contact us about the example case study that made our advisers Winners.

Transferring your UK pensions to QROPS may bring several advantages:

  • No requirement to purchase an annuity whatever your age
  • Leave remaining pension funds to your chosen beneficaries free of IHT
  • Enjoy greater flexibility and investment freedom
  • Access to a lump sum at any point
  • Be given the option to choose various low cost structures
  • Receive your pension income with zero tax deducted from the UK

AVOID HUGE COMMISSIONS: We will conduct business at minimal cost to you:

If you do not require advice, or
If you have received advice and want to save money
Then we are able to conduct your business at minimal cost to yourself, if
You are prepared to sign as acting for yourself (third parties need not apply)

Qualifying criteria for a QROPS:

I have UK pensions ( excluding state pensions) worth at least £50kyes.png
I am planning to, or currently, live overseasyes.png
I am not planning on returning to the UKyes.png
I will be out of the UK for a minimum of 5 yearsyes.png
I have already purchased an annuity?no.png
My private/personal pension is already in drawdown?yes.png
My company/occupational pension is already in drawdown?no.png
I am still a UK resident and have no intention of moving overseas?yes.png

Why pay tax that you do not have to? – and increase your flexibility for taking tax free cash

Depending on your status and current location, along with future living plans, we can answer your queries and provide qualified and expert advice, without any further obligation from you.

The key here is that one size does not fit all. However, anyone with a UK pension scheme who now lives overseas as an expatriate, or is planning to leave the UK, can now transfer their existing pension provisions into a QROPS (Qualifying Recognised Overseas Pensions Scheme).

Tax

Income from UK pension arrangements is subject to income tax. It is collected as a withholding tax at 20%, and this tax is applied to everyone in receipt of UK pension income whether or not they live in the UK and with no exemption for foreign nationals.

Transferring pension rights to an overseas pension scheme means that UK income tax on pension income can be legitimately avoided.

Buying property (QNUPS only)

Overseas pension schemes allow for the use of pension funds to purchase property that is not allowed under UK rules. For further information please see http://www.ukpensions4expats.co.uk/

Investment allocation

UK pension funds often have a bias towards investment in UK assets. Overseas pension funds provide the scope for diversifying, as well as the option for more personalised investment management.

Currency

Overseas pension schemes allow for the payment of pensions in currencies other than Sterling, providing a valuable safeguard for expats.

Death benefits

Pension rights that are transferred to an overseas pension are also taken outside the UK inheritance tax net, which can result in a significant succession planning benefit. One form of UK pension arrangement levies a combined 82% tax and penalty charge on the death of the pension plan holder!

Beneficiaries

Overseas pension schemes will usually ensure that residual pension funds pass to the intended beneficiaries much easier and quicker than would be the case in the UK.

Asset protection

Depending on the jurisdiction chosen for the Overseas Pension Scheme, there is the potential for greater protection against creditors and other claimants than is typically available.

Please note: We have a UK qualified G60 adviser who can provide advice on whether QROPS transfers should be considered by you as they are not right for everybody. You cannot transfer to QROPS if you are already taking income from a final salary / occupational scheme. Nor can you transfer a state pension to a QROPS, or if you have purchased an annuity.

Apply using the form top right and download our FREE guides.

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Security question, please answer the sum below
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  • Would you prefer UK qualified experts to provide competent advice, rather than an offshore salesman?
  • Are you no longer resident in the UK or considering moving abroad?
  • Do you have more than £50k in your UK pensions?
  • Would you like to pay less tax and have greater investment freedom?
  • If you answered YES to these questions Pensions4Expats could greatly improve your financial and tax situation.
 
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Pension Planning









click on the image to reload it Click to reload image
Security question, please answer the sum below
*- required
  • Would you prefer UK qualified experts to provide competent advice, rather than an offshore salesman?
  • Are you no longer resident in the UK or considering moving abroad?
  • Do you have more than £50k in your UK pensions?
  • Would you like to pay less tax and have greater investment freedom?
  • If you answered YES to these questions Pensions4Expats could greatly improve your financial and tax situation.
 
100% tax free benefits ~ QROPS ~ Expatriate pension plans ~ Expats tax relief planning Ex-Pat Tax Consultants ~ Tax free benefits advisors for expats ~ Offshore retirement schemes ~ Ex-pats investment and tax advice ~ expat forum - tax and insurance Expats inheritance tax advice ~ QROPS