QROPS Pension Advice for UK Pension Transfers
Because it's what you have, after you have it all, that counts.
QROPS Transfer & UK Pension Investment
Are you a UK expat – or about to become an expat – planning to leave the UK and live, or retire, abroad?
Are you returning to your home country after working in the UK for a period of time, having contributed to a public or private UK pension?
Do you have enough in your UK pension fund to sustain the lifestyle you envision for your retirement years? Is your UK pension safe? Are you sure?
There are any number of compelling reasons to transfer your UK pension to a QROPS in an HMRC recognised jurisdiction outside of the UK which should be explored and properly understood.
The UK Government wasn’t expecting as many people to transfer their UK pensions out of the country and provided gave tax deductions at the time of contribution. HMRC were expecting tax receipts upon pension drawdown and may well consider and review the tax implications in light of the increasing number of transfers to QROPS. With Brexit approaching, now is the time to consider protecting your retirement income and transferring your UK pension to a QROPS.
Our advisers at Carrick are experts in this field and stay abreast of the constantly changing UK pension environment and legislation.
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In this, the third and final, piece in this series, we guide you through the steps involved in completing the QROPS transfer process. Transferring your UK pension fund to a QROPS may be straightforward. Even so, it’s still imperative to ensure you have the guidance of experts who specialise in offshore financial services. Very…Read More
In the first article in this series, we gave an overview of QROPS: what they are and how they work. Here, we look at the benefits you can expect to reap by going the QROPS route. “Given how vocal expats can be, you can be sure of one thing: if QROPS didn’t work,…Read More