Most people, during their career, will change jobs and accumulate a number of different pension plans. Having your pension plans in a number of different places may result in policies getting lost or forgotten about. Small pension plans may prove to be less cost effective to manage. And most importantly some pension plans may have …
Tag Archives: UK Pension Transfer
UK Pension Changes
As of 6 April 2015, UK pension changes has now made it that people aged 55 and over have access to their pension pot, giving them full discretion over the use of their retirement funds. People over 55 can withdraw the full amount from their pension, of which 25% will be tax free. A survey …
Independent Financial Advisers and 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 …
QROPS Benefits Information
Qualifying Recognised Overseas Pension Schemes (QROPS) is an overseas pension scheme that meets certain requirements established by Her Majesty’s Revenue and Customs (HMRC) in 2006. QROPS can receive transfers-in from UK pension schemes held by UK nationals and other UK pension holders who live outside the UK. QROPS are becoming increasingly popular year-on-year with expatriates and …
Malta QROPS Double Taxation Agreement
If a Double Taxation Agreement (DTA) exists in your country of residence it may then allow you to draw retirement income in as tax efficient a way as possible. This is especially beneficial for countries which have a 0% tax rate. A Malta QROPS Double Taxation Agreement exists between two countries that aim to …