What is QROPS?
QROPS is terminology used to describe the UK guidelines on overseas pensions – Qualifying Recognised Overseas Pensions. QROPS just means that the overseas scheme has been approved to go on the HMRC list as it satisfies the criteria laid down to accept pension transfers from the UK. Anyone holding a pension scheme in the UK is able to transfer their pension to an overseas pension scheme if they live abroad, or are intending to do so in the future. But hurry, the UK are introducing pension reforms in 2015 that will prevent the transfer of some public sector schemes.
Please see the Editorial in our News section updating you on the
UK Pension Reforms coming through in 2015.
There are also tax planning opportunities with QROPS for those intending to remain UK resident and/or domiciled. Any growth on your pension fund once transferred remains outside of your estate for UK Inheritance Tax and so offers a fantastic opportunity for wealth preservation.
We make it easy for you
- Free, no commitment financial review
- A bespoke service, tailored to individual client needs
- Qualified, regulated and experienced advisers
- Clear focus on the UK Expat market in Europe
- Friendly and efficient staff
Contact us today for expert advice