Moving abroad? a QROPS could be for you
.Are you getting ready to live outside the UK for an extended period or already live abroad, a QROPS pension may be a valuable replacement for a United Kingdom pension. People with UK pension rights, want a healthier return on their resources, usually see that a QROPS is the right way to boost their pension funds. Pensions are a very important part of your wealth management strategy, therefore it is vital to compare your entire options, especially when you are intending to live or retire abroad.
A Qualifying Recognised Overseas Pension Scheme, can offer international workers and expats the means to access better tax advantages and increased flexibility.
So if you are planning on a move to another country, getting professional wealth management advice will guide you to put a good financial planning strategy in place. As an element of this strategy, you should ensure that you ask your financial planner about the added benefits of transferring to a QROPS.
QROPS Pensions – The advantages for expats
Guardian Wealth Management has offices positioned spanning Europe as well as the Middle East, allowing us to offer quality QROPS pension advice to expats across the globe. Attaining up-to-date financial planning advice is extremely important, so please feel free to ask us any questions that you have with regard to the many types of QROPS pensions that are out there.
As a brief overview, the of the benefits of transferring your UK pension to a QROPS:
- No UK tax liability
- No need to purchase an annuity
- Investment flexibility including property, private assets, offshore funds, stocks and bonds
- No inheritance tax liability once you’ve been an expat for 5 years
- No minimum transfer threshold (depending on the QROPS)
- Consolidation of several UK pensions into one QROPS
- Taking as much as 30% of the pension fund as a tax-free lump sum.
- Investing in whatever currency, any stock market in addition to a broad range of assets
Professional QROPS advice
While searching for guidance on wealth management, you should always ensure your financial advisor is fully qualified and regulated to operate via the relevant financial authority. Here at Guardian Wealth Management, our experts are largely respected in the financial industry as leading advisors on QROPS pensions. By approaching us to get your QROPS advice, you can be certain that you will be receiving the very best impartial information so you can source the correct QROPS option from over whole marketplace.
Obviously, there are huge advantages for expatriates who put their UK pensions into a QROPS. But bear in mind, a QROPS transfer isn’t appropriate for all of us, so check with one of our qualified professional financial advisors to determine if a QROPS is the right choice for you.
For even more information on QROPS pensions for expats, please download our FREE QROPS guide.