Putting monies aside to have an income in retirement is one of the most important provisions a person can make. Equally important is to make sure such monies are safe and managed effectively. If you are not a UK resident but have an occupational pension in the UK, there are many reasons why you should consider a QROPS (Qualifying Recognised Overseas Pension Scheme).

QROPS pensions enable UK pension holders, including non-UK nationals who have paid into a UK pension, to transfer their funds to an offshore pension fund.

Our HM Revenue and Customs approved schemes are held with Trustees based in Guernsey which is seen as the preferred jurisdiction for QROPS transfers.

The main benefits of our QROPS scheme are:

• Tax Free At Source – massive tax reductions when you access your pension or on death
• Never Purchase An Annuity – no requirement to purchase an annuity
• Control Your Pension Funds – choose on/offshore funds with the highest rates and currency freedom
• Lump Sum – receive a lump sum of up to 30%
• Simple – numerous pensions can be easily consolidated into one QROPS
• Inheritance Tax Benefits – pass your pension fund to your beneficiaries, free from UK Inheritance Tax
• Flexibility – no limits on contributions or fund size
• Maintain Performance – free quarterly reviews with full valuations to monitor growth

Compared with onshore pension schemes, a QROPS offers huge benefits. Let our team of pension specialists at Broadgate Financial help you to tailor a solution appropriate to your needs.