If you are a non UK residents with a UK
pension fund did you know that you have
the ability to "unlock" your UK pension
funds and release them to a Government
approved offshore location such as
Guernsey? As well as the potential
benefits listed below it is also often
possible to transfer the fund to future
generations upon death.
Transfers are done via HM Revenue and
Customs approved schemes called "QROPS"
or "Qualified Recognized Overseas
Pension Schemes". A transfer can take
place to an approved scheme as soon as
you become a non UK resident and intend
to remain so for the foreseeable future.
QROPS transfers tend to be suitable if
you have a pension pot in excess of
£50,000 and typically can include anyone
with: Deferred benefits in Company
Schemes; Public Sector Schemes such as
doctors, nurses, police, Armed Forces;
and Personal Pensions. Transfers are not
available for state pensions or if you
have already purchased an annuity.
We work closely with our Associated
Partner who, as a UK regulated IFA
specializing in pensions, can offer the
appropriate advice and recommendations.
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POTENTIAL BENEFITS OF TRANSFERRING
UK PENSION RIGHTS TO A QROPS |
-
Freedom to Control Investments
-
Flexibility
-
No requirement to purchase an
Annuity
-
Access to income and capital
without deduction of tax
-
Minimum fund value of £50,000
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Please
CLICK HERE to contact us on a non
obligation basis for further details
about pension transfers, on accessing
the web page scroll to the bottom and
complete the enquiry form, thank you.
Sunbreak Property Services Spain
Calle Llargues 7
03590 Altea
Alicante
Spain
E-Mail:
terry@sunbreak.com
QROPS, Pension Advice for ExPats Living in Spain, overseas pension transfers |
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