qrops

Are you an Expat with between £60k and £1.6m in UK pensions?

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).

Transferring your existing funds to QROPS brings several advantages:

• No need to purchase an annuity.
  Access to a lump sum upon transfer.
  Leave your unspent pensions to your spouse & children free of IHT.
  Enjoy greater flexibility and investment freedom.
  Low cost charging structure.
  Possibility to receive your pension income with zero tax deducted.
  After 5 complete and consecutive UK tax years of non-UK residency on your death your pension fund will cease to be liable to UK taxes.
  You may be able to pass the balance of your pension fund to your heirs
  Within your QROPS, your assets can be invested and paid to you in a currency other than Sterling. This can remove the exchange rate risk and exchange rate costs on your pension
  
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  You do qualify for a QROPS if the following points are true:

• I have private or personal UK pensions of at least £60k and now live overseas?
  I am planning to leave the UK in the next 12 months?
  I plan to be out of the UK for 5 years or more?
  I have already been out of the UK for 5 years?
  If my private/personal pension is already in drawdown?
  
  
  Our aim is to maximise your expatriate status and help you achieve your financial goals by getting more out of your Pension. We will only ever help you transfer to QROPS providers that are 100% approved by HM Revenue & Customs. We will also advise you as to the best jurisdictions you should use depending on your personal circumstances.
  
  

  Please note:

  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.