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QROPS

QROPS

QROPS stands for Qualifying Recognised Overseas Pension Schemes. It is essential that British expats understand that QROP Schemes allow expats to carry their paid up UK pensions to almost all overseas locations. There are potentially many advantages to transfering your pension offshore.

Advantages of QROPS

Reduced Tax Liability

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.

Increased Flexibility

Are there any income tax benefits?

The income from QROPS will be paid to your gross if you have moved to a jurisdiction which permits this. You may be liable to tax in the country in which you are tax resident. In certain countries, income from QROPS can be structured so that you pay less tax (or in some cases, none) than on conventional UK pension income.

The Standard Benefits Available with QROPS

Additional QROPS Benefits

The leading QROPS pension providers deliver a range of additional benefits designed to make their individual solutions more attractive and better fit for your personal financial needs.

Preferred Providers