With today's fluid workforce, it is a valuable option for non-UK
residents or those who are about to leave the UK to have the
ability to transfer existing pension benefits and create a tailored
solution. QROPS are Qualifying Recognised and Overseas Pensions
Schemes. This is sanctioned by HM Revenue and Customs as meeting
standards and conditions equivalent to a UK registered scheme.
In simple terms, this type of pension scheme enables anyone with
a UK pension and living outside of the UK, to transfer their UK
pension into a QROPS so that it can be managed in a more favourable
jurisdiction.
There are certain imposed criteria with QROPS so talking to a
Sydney Charles adviser will enable anyone considering this scheme
to be fully conversant with all of the options.
Andrew Metcalf
Director, Financial Services
"Discerning investors who want a tax-efficient, reliable base for their pensions, will do well to listen to our advice on QROPS."
Phone Andrew on+44(0) 1481 739970
Email Andrew