UK Pension Transfer

How Can A Qualifying Recognised Overseas Pension Scheme QROPs Plan Help Retirement? A Qualifying Recognised Overseas Pension Scheme (QROPS) is a type of pension plan that is recognized by the UK government and allows individuals to transfer their UK pension savings to a scheme that is based in another country. QROPS can help in retirement by providing more flexibility and potentially higher returns on investments, as well as tax advantages. One of the main advantages of a QROPS is that it allows individuals to access a wider range of investment options. Many QROPS are based in jurisdictions with more advantageous tax regimes, which can provide access to investments that may Read more…

With holders of UK pensions It is not uncommon for expats to have more than one pension in the UK. Often when people have moved jobs they have started contributing into a new scheme. Some people have done this multiple times and as such have many small UK pensions with different administrators. There are a number of key benefits to consolidating these pots into one pension such as a QROP’s or a SIPP: Multiple sets of fees One of the issues with having multiple pension pots is that each pension scheme will have its own set of fees. Getting a clear picture of how much you are paying in fees Read more…

Insurance is one of those things that most of us have neglected to think about at one time or another. After all, provided nothing goes wrong, there’s no reason for it to be at the forefront of our minds. Unfortunately, life doesn’t always run smoothly. And when you leave it too late to get the right protection in place, you and your family could face further stress at an already difficult time. This problem is even more complicated for high net worth individuals (HNWIs), who may have assets and financial affairs that need specialist consideration. While it’s difficult to think about, ensuring your family is protected in the event of Read more…

Taking care of your family’s, making the correct decisions will make you as a parent span throughout your children’s lifetime. Your support and advice will guide them as individuals and stay with them forever – because your role as their guardian doesn’t stop after you are gone. Life insurance could provide you with the assurance that your loved one’s future is secured financially, should the worst happen. Planning your legacy The loss of a loved one is never easy and can be a very emotional time in our lives. The loss may be impossible to mitigate but the weight of picking up the pieces with banks, mortgage lenders, legal teams Read more…

In the UK, estate planning generally starts with a good will and may include the use of a trust. When you move or own assets abroad, however, things are much more complicated. Other countries have very different rules to the UK that can affect: Who your legacy goes to What your heirs will pay in tax When and where your legacy goes You may also still be liable for UK inheritance tax without realising it. With careful planning, you can have peace of mind that your legacy will be distributed as you wish and in a way that ensures your heirs don’t pay more tax than absolutely necessary. Who your Read more…