QROPS
HMRC recognizes foreign pension plans known as Qualifying Recognised Overseas Pension Schemes (QROPS).
The following are some of the advantages:
- At 55, you’ll be able to make larger tax-free payments
- If you haven’t lived in the UK for ten years, you’ll save money on taxes
- Increasing your investing flexibility and choice
- There’s no reason to be concerned about future changes in UK legislation
- Withdrawals in your preferred currency
If you have a pension worth more than £30,000, you are legally obliged to seek expert advice before transferring it. Allow our international team of retirement professionals to assist you.
Pension Review
Have you worked in the United Kingdom at any point in your career? Then you’re likely to have at least one pension in the United Kingdom. However, tracking them down takes time and effort.
Allow us to perform the legwork for you. We’ll do the following as part of your complimentary pension review:
- Take on the administrative burden of locating your frozen pensions
- Examine how your pensions are faring
- Evaluate whether transferring your pension is a viable choice for you
- Discuss your retirement plans by answering questions about everything from your present country of residency to your tax situation, risk tolerance, and pre-retirement objectives
We’ll provide you a comprehensive picture of your present pension situation in the context of your long-term financial goals, as well as recommendations for how to get there.
SIPPs
SIPPs (Self-Invested Personal Pensions) are UK-based pensions that provide you more control over your pension fund while also allowing overseas professionals to take advantage of double taxation treaties.
You’ll get the following benefits from a SIPP:
- Increasing the number of investing options
- At 55, you’ll be able to make larger tax-free payments
- When it comes to retirement income alternatives, you’ll have more options
- Reduced administration and (possibly) lower fees by consolidating all of your pensions into one pot
- The ability to increase your tax efficiency by managing your investments over the course of your career
We’ll assist you in maximizing your international status by walking you through your options and determining the best alternative for you.
UK Pension Transfer
Do you have one or more UK pensions as an international professional? Now is an excellent time to consider shifting your pension because transfer values are high and bond yields are low.
The following are some of the reasons to consider transferring:
- Transferring to a SIPP or a QROPS can help you save money on taxes
- There are fears that some Final Salary Schemes will end up in the Pension Protection Fund
- Boosting your investment options
Our team of pension specialists will walk you through the risks and benefits of transferring your pension, as well as suggest choices that fit your retirement goals and risk tolerance.