Our partners are based in UK, Spain & Europe, and offer a wide range of advice on pension schemes for expats. An FSA regulated firm, with fully qualified pension transfer specialists, they can guide you from initial consultation through to ongoing fund management. As 80% of their clients live overseas, they have a vast amount of experience in co-ordinating pension transfers for expats, whilst remaining within the UK FSA regulatory framework.
It is important to obtain impartial, independent advice on both the pension wrapper, and the maintenance of the pension fund. Whether you are looking for growth or income from the pension fund, a solution can be found that fits your risk profile and goals
To find out more how a QROPs may (or may not) benefit your situation, simply complete an enquiry to the left for a callback or meeting. It is important that a cost-benefit analysis is done on each individual situation, to ensure a QROPs is the correct solution. A pension advisory process is more beneficial than a pension sales process.
- Fully regulated and qualified advice
- Consumer protection
- Free no obligation initial consultation
- Clear and transparent Key Facts Documentation
- Dedicated to the FSA Treating Customers Fairly rules
Terminology
A Qualifying Recognised Overseas Pension Scheme or QROPS is an overseas pension scheme that meets certain requirements in order that it can be recognised by Her Majesty's Revenue and Customs (HMRC). A QROPS can receive the transfer of UK Pension Benefits without incurring an unauthorised payment and scheme sanction charge.
Typically this occurs when a UK resident leaves the UK to permanently emigrate (or to retire abroad) having built up a Pension Fund within a scheme approved by HMRC or when a person born abroad who has built up benefits in a HMRC approved UK Pension Scheme decides to return to their home country with an expectation of retiring there. The QROPS does not have to be established in the "new" country of residence thus allowing greater flexibility and choice of scheme provider.
Maintain a Pension - Contributing to a retirement plan once you have moved abroad click here for more information on expat schemes.
Transfer a Pension - It is possible for expats to transfer their UK pension overseas, and potentialy benefit from increased flexibility, and reduced tax liability. QROPS Info Here
UK State Pension - It is possible to have your UK state pension paid overseas, however their are currency risks. Click here for more on currency transfers & here for UK state pension info
