Qrops Advice

QROPS Advice shows UK pension holders who have or who plan to retire overseas how to get the most out of their pensions. We are totally independent QROPS specialists and as such are able to choose from all of the main QROPS providers from the international QROPS market giving you the best QROPS advice to plan your future.

To find out how you could benefit from QROPS please contact us, we are here to help. We provide objective, accurate information about Qualifying Recognised Overseas Pension Schemes (QROPS).

QROPS the benefits…

QROPS Pensions pay no or reduced income tax UK pensions are paid after the deduction of income tax. By comparison payments from QROPS pensions are often made without income tax being deducted. You would only pay the tax, if any, in the country where you reside. QROPS Rules allow more for your loved ones QROPS rules state that there is no income tax charge when a lump sum is passed on to the member’s dependants upon death. In the UK a 55% income tax charge is payable on the amount left to beneficiaries.

Reduce exchange rate risk and save currency conversion costs

If you plan to retire abroad your living expenses will be in a currency other than Sterling. With a QROPS, clients can invest in assets denominated in most currencies and receive income in their local currency. This helps to eliminate currency conversion costs and exchange rate risk.

Superior investment choice

UK pensions are very restrictive in terms of where your pension pot is invested. You may only be able to choose from the one fund management company offered by your pension provider, which may not have a great track record in the area that you want to invest. Also UK pensions tend to offer investment solutions that are more suitable for UK residents and hence based in Sterling.

QROPS advice can help you access a vast choice of investments. This can be very useful for clients who want their pension pot to invest in assets that better reflect the currency and inflation issues that relate to where they live. There are several other additional benefits e.g being able to invest in “best of breed funds” that have a record of providing better returns for less risk.

QROPS transfer to consolidate and simplify your pension

You may have more than one pension. Regardless of how many pensions you have a QROPS transfer will result in all of your pension pots being consolidated in one QROPS so that they can all benefit from the advantages of QROPS. You wont have to keep track of several pension funds and income payments.

Flexibility

If you move back to the UK you can switch your QROPS back to a UK registered pension.

No reporting requirements to HMRC after five years

Reporting to HMRC is not required after the pension holder has been non UK resident for 5 complete consecutive tax years.
 

Contact Us Today Call: +44 207 0606 255 email: info@qrops-advice.com Download Your FREE QROPS Guide Here!

 

The UK government passed QROPS legislation back in April 2006 because it believed that it was in the best interest of UK pension holders who have retired or who intend to retire abroad with right QROPS Advice we can help you get the most from this legislation…