Each specific QROPS Pension Transfer varies. Different schemes have different charging structures and as a result they are only worthwhile provided that a certain threshold is reached.
We have found that the minimum required for a basic QROPS Pension Transfer is around £25,000.
Remember that you can combine more than one pension to reach this figure and you can top it up with other assets or funds.
In general, where the amount is below this threshold it is not beneficial to transfer to a QROPS.
Thus, whatever the value of your pension, it is worth contacting an advisor to discuss a QROPS Pension Transfer as there is usually a solution to be found.
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