Frequently Asked Questions (FAQ)

WHAT IS A QROPS ?

This stands for:

Qualifying

Recognised

Overseas

Pension

Scheme

Introduced by the UK government in 2006 they are pension schemes whose jurisdiction and methods have been HMRC approved. WE ONLY USE THESE APPROVED OVERSEAS PENSION SCHEMES.

WHAT IS A SIPPS ?

This stands for:

Self

Invested

Personal

Pension

Scheme

This is a UK Personal pension plan . Where benefits can be held ot paid in Sterling, US, Canadian or Australian Dollars or Euros.  

WILL MY MONEY BE SAFE ?

100% Yes. As we say above, the pension company that currently holds your funds in the UK will only transfer your pension into one of these QROPS or SIPPS schemes.

HOW MUCH CASH CAN I DRAW IMMEDIATELY ?

At 55 you can draw 25% as a tax free cash lump sum and either reinvest or draw the remainder in cash subject to UK tax

HOW MUCH WILL IT COST ?

This will vary depending on individual cases and the jurisdiction chosen. However they will be fully disclosed before any application goes through and will not be taken from your Tax Free Lump Sum.

HOW LONG DOES IT TAKE ?

Typically 8-12 weeks.

WHAT DO I NEED TO DO NOW ?

Contact us for a completely FREE, NO OBLIGATION ASSESSMENT.

 

Please Be Aware

Your enquiry will be dealt with by a bona fide pensions company, whose fees are less than any of our competitors.

Please make a note of the important points on our GUARANTEE PAGE

 

 

 

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