Did you know that you can raise finance against your UK Pension?
See pensionloans4u.com for details.
WHAT IS QROPS?
QROPS stands for Qualifying Recognised Overseas Pension Scheme.
On the 6th of April 2006, HMRC introduced new legislation on transferring frozen pension funds from the UK to overseas QROPS solutions.
Background
For many years, British expatriates and those moving overseas have been faced with difficulties when dealing with UK pensions, as the pension is usually ‘trapped’ back in the UK. One of the main difficulties has been the tax treatment of UK pensions. Until now it has been virtually impossible to move a UK pension to an overseas pension without being forced to pay basic rate tax on the transfer.
The new legislation on QROPS is a breath of fresh air to thousands of expats around the globe, who during their time in the UK may have been a member of a UK pension scheme, moved overseas and either lost or forgot about their UK pension. Put in very simple terms QROPS allows you to reclaim the pension money that would normally be stuck in the UK, transfer it to an offshore investment in your name and regain control.
You are simply taking your pension pot from a taxed environment to a tax free environment with better access, investment choice, growth, confidentiality and protection.
At Yourlostukpension.com, we find that a lot of expats are not aware of QROPS and the benefits it can bring. Any QROPS scheme must be fully approved by Her Majesties Revenue & Customs.
IF YOU KNOW OTHER EXPATS IN YOUR COMMUNITY PLEASE MAKE THEM AWARE OF QROPS AND THIS SITE
Our Approach
Yourlostukpension.com gives the best advice by means of not just telling you about the benefits, but also any potential pitfalls you should consider. We offer a totally free review service by helping you decide if QROPS is the best thing for you and your future financial plans.
To view a list of benefits please visit the QROPS benefits section by clicking here. After you have studied the rest of our website we suggest you have a free financial review with one of our qualified consultants to find out more about QROPS or if there are any other areas of your financial planning we can help you with.
Please remember our financial review service is completely free, you are under no obligation to do any business with us and you and your family may significantly benefit either now or in the future.