Do You Have
a UK Pension?

Don't miss your
chance to

If you have contributed to an occupational or private UK pension, you could move the pension fund offshore tax free.

Download our FREE QROPS Advice and Pension Transfer Guide.

Download Your Free
QROPS Pension
Transfer Guide

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Whether you've been offshore for a day or a decade, we can help with free, unbiased information that allows you to make informed financial decisions.

With the new rules on QROPS transfers announced by the Chancellor in the March 2017 budget, residents of EEA countries can transfer their UK pensions with 0% tax to pay. With Brexit fast approaching this window of opportunity is bound to close.
UK pension holders should act now before it's too late. British non-residents can transfer their assets from an existing UK pension scheme into an HMRC recognised scheme abroad, called a QROPS. 

What are QROPS?

QROPS stands for Qualifying Recognised Overseas Pension Scheme. It is essential that British expats understand Qualifying Recognised Overseas Pension Schemes. QROP Schemes allow expats to carry their paid up UK pensions to almost all overseas locations, including even the USA. There are huge advantages to transferring your pension offshore, and very few disadvantages.


Reduced Tax Liability:
You will have the option to select an asset management strategy that best reflects your risk level and growth / income requirements. You will work with your Independent Financial Adviser to construct a bespoke asset management plan that fits your needs. Also, you will be able to select the currency of your choice. You won't have to purchase an annuity as most offshore pension plans are fully flexible, allowing you to retain ownership of the asset. You can opt for a percentage drawdown instead; of up to 20% more than you could get by leaving your pension in the UK. There are also more options when it comes to passing-on your wealth, including passing assets directly or investing assets for beneficiaries later on. UK pensions have severe restrictions and will lead to lots of red tape for your heirs to cut through, as well as being liable to UK Inheritance Tax.
Increased Flexibility:
Because QROPS are based in offshore jurisdictions they benefit from zero taxation at source. While in your country of residency you may be liable for taxation on your income, you will avoid capital gains tax on asset growth, as well as potentially avoiding inheritance tax.
Greater Growth Potential:
If your pension value exceeds £100,000 you may be able to select an offshore portfolio bond to hold your investments. This is usually a cost effective method for your IFA to buy a wide variety of investments in order to help your pension pot grow, hence providing you with the best possible income. With a pension value of less than £100,000 your IFA will select an automated asset management strategy in order to meet your growth requirements, while keeping costs at an absolute minimum. As well as this investment freedom you will be able to add lump sums to your plan at any time if you want.

Next Steps

The next step in your research should be to downnload our guide and then have a preliminary discussion with a QROPS specialist adviser.

Please fill your details into the form on the right and then click the button to download the guide.

A specialist will call you to verify that you
are an expat before emailing you the guide.

Download Your Free
QROPS Pension
Transfer Guide

The checklist may be emailed to you, so please enter the correct email address
We will never share, sell or pass on your details to anyone else. Please see our Privacy Policy for more information.