- April 16, 2015
- Posted by: Graeme Callaghan
- Categories: Investment, QROPS
Independent Financial Advisers and QROPS play a significant part in the transfer of your UK pension overseas pension scheme. Independent financial advisers and QROPS are a specialist area of financial planning and assessments should only be performed by independent professional advisers who can take a holistic approach.
Qualifying Recognised Overseas Pension Schemes (QROPS) was launched in 2006 are overseas pensions schemes into which UK pension assets can be transferred when people move abroad. QROPS are set up by companies or jurisdictions and are recognised and authorised by Her Majesty’s Revenue & Customs (HMRC).
Here at GC QROPS we require that you have a discussion with our Independent financial advisers (IFAs) on the merits of transferring their UK pension to a QROPS. There is no legal obligation for people to move their pensions out of the UK when they leave the country but, in some circumstances, it can be beneficial.
If you require advice about QROPS, our qualified and regulated Independent financial advisers will provide you with independent and professional advice, who are experienced with QROPS transfers and retirement planning. They also have the knowledge and expertise with regards to UK pension legislation, QROPS legislation and tax rules within the various QROPS jurisdictions.
Most Important, is that our Independent financial advisers understand that each case is different, and undertake the necessary due diligence so that a client gets the full picture when assessing their UK pension scheme’s suitability for a QROPS transfer.
Obtaining independent and professional advice from an Independent financial adviser, will give comfort and reassurance to the client that the correct advice is being given and that the most efficient QROPS jurisdiction will be used.
Independent Financial Advisers and QROPS Advice
If you would speak to our Independent financial advisers regarding QROPS, call us on +34 698 243 745 or Contact Us Today
GC QROPS has been successfully assisting UK expats in Spain with UK pension transfers for 9 years since 2006.
We are completely independent, and can advise on a wide variety of QROPS pension schemes – we are not tied to any single provider, which means that we will recommend the scheme which meets your exact requirements and needs.