Qrops
Qualifying Recognised Overseas Pension Scheme
The Qrops Specialist offers you friendly and independent information on pension transfers and QROPS ( Qualifying Recognised Overseas Pension Scheme ). Qualified financial advisers will answer any questions that you may have, explain every step and do the necessary paper work on your behalf. You can be sure that we will give you clear and straight forward facts, based on the guidance by HMRC. This is proven to be a success as 68% of new clients are referred to us by old and present clients. Many QROPS exist all over the world, each one offering a different variation when it comes to the solutions and structures they offer. The Qrops Specialist is here to guide you throught the maze of different solutions, removing the stress and hassle trying to find the most suitable QROPS jurisdiction for your circumstances. Our aim is to provide you with independent, factual information enabling you to make an informed decision resulting in the best solution for your requirements.Following this year’s Budget, demand for QROPS is expected to rise. If you are not a member of such a scheme already, it is worth looking into to offset changes to tax relief announced in the Budget. You should also not put off moving your pension, as further restrictions are expected as part of the Finance Bill in 2013. As a result of changes to current tax relief, there has been a sharp rise in the number of people transferring their pensions to HMRC-recognised overseas schemes.There are many reasons for transferring your UK pensions to a Qualifying Recognised Overseas Pension Scheme : unlocking tax free money, Inheritance tax planning (IHT), growth on the pension, greater investment freedom or a tax efficient jurisdiction. The UK Governement introduced new legislation in April 2006 making it possible for British expats to transfer their UK pensions to QROPS with the approval of HMRC. The British Government introduced the new rules to make retirement and retirement planning easier for British expats. What it really means is that you can take your UK pensions abroad when moving overseas or if you intend to leave the UK on a long term basis.
- Qrops by permission from the owner of http://www.the-qrops-specialist.com
