QROPS pension transfer benefits

If you live outside the UK, or are planning to live outside the UK for more than five years, then 9 out of 10 times, the benefits of a QROPS Pension Transfer for you will be immense.

For example, should you die, your hard earned money can be passed on to your loved ones, and not back to the government or life company! Currently if you die before 75 you will probably have a 35% tax charge before you can pass on the proceeds to your beneficiaries, but if you die after 75 you will probably have an 82% tax charge!

Huge gains can be made on proper Inheritance Tax Planning (IHT) with a correctly setup QROPS Pension Transfer. This means if you die, you can pass on more benefits to your loved ones, and not to the pension company or state.

Tax

The benefits of transfering your pension into a QROPS are numerous, some of the tax benefits speak for themselves:

• Pension income is more tax effecient
• Tax free lumpsum of up to 25%
• Benefit payments made gross of tax

To find out more look at the QROPS tax implications.

Investment Freedom

Transfering your UK pension into a QROPS opens the door to much greater investment freedom:

• Much greater investment freedom
• Access to global funds with higher returns

To find out more look at the flexibility offered by a QROPS pension transfer.

Payout of Benefits

The benefits of a QROPS speak for themselves when it comes to payment of benefits of the pension to you:

• Take income and benefits in the currency of your choice
• Tax free lumpsum of up to 25%
• Benefit payments made gross of tax

On Death

Read below, the details speak for themselves:

• All unused pension funds can be left to your beneficiaries
• No need to take an annuity or pay a UK tax charge upon death

To find out more look at the QROPS on death.

Other

• Greater confidentiality
• Protection against possible future creditors (depending on jurisdiction)