QROPS

(Qualifying Recognised Overseas Pension Schemes) offers greater flexibility for your UK pension fund. As a non UK resident with a UK pension fund, you may transfer this fund to a pension scheme provider located in an overseas location such as the Isle of Man, Guernsey, Jersey or Luxembourg. This fund can be transferred via a QROPS and has a wealth of advantages.

QROPS benefits

• Up to 30% can be taken as a tax free lump sum
• There is no requirement to purchase a Compulsory Purchase Annuity
• There are no limits on contributions, or fund size
• Flexibility as to when benefits can be taken from the plan
• Greater tax efficiency on drawdown
• Transparent charging structure with no hidden penalties or rebated commissions
• Ability to receive transfers from approved pension schemes
• You are able to pass the fund onto your spouse/beneficiaries on death
• A bespoke solution with your own investment strategy, with investments in stocks, bonds, alternative investments, cash deposits, real estate, private equity, options, life policies.
  

Contact us for further details on how to release your UK pension fund.

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