What is QROPS
- Author Dean Bernard
- Published November 1, 2010
- Word count 398
What is QROPS
QROPS (Qualifying Overseas Pension Scheme) is a way to retake control of your UK pension. Whether you have already left the UK or intend to do so, a QROPS allows you to unlock your pension and reap the rewards you have worked hard for. Anyone that has worked in UK (even as a non-UK citizen) maybe eligible for a pension transfer.
QROPS is approved by HMRC (Her Majesty’s Revenue and Customs), all schemes must therefore be run in an approved jurisdiction. Wherever you are in the world, you can do a QROPS transfer.
Specialist Independent QROPS Advice
There are many providers offering QROPS schemes worldwide, e.g. Guernsey, Isle of Man, New Zealand and Hong Kong. Deciding whether QROPS is right for you and choosing the best QROPS for your circumstances can be a time consuming and frustrating process. As pension specialists QROPSWORLD gives you independent advice; Our recommendations are based on your needs and the specific pension particulars you have.
A QROPS transfer can offer significant tax benefits for you and your family, in addition to a number of other significant benefits. So why wait, take back your UK pension today, contact us for a no cost, no obligation pension assessment.
Like all investments QROPS is a minefield of jargon and acronyms. Check out our new glossary which aims to simplify QROPS and help you with your UK pension transfer.
QROPS News.
Public-sector pensions 'worth twice as much as was thought' 07 July 2010
Emergency budget: bear cuts or face 'road to ruin' warns George Osborne 22 June 2010
Millions in the public sector to pay more for pension 21 June 2010
Public pensions could cost you £4,000 per year 15 June 2010 | By Andrew Porter, Political Editor
Unfair and unaffordable 15 June 2010 | By JAMES CHAPMAN
Guernsey Qrops plans New Zealand scheme 6 May 2010 | By Hannah Stodell
In the Qrops zone 13 May 2010
Qrops 'top-up' from Close allows pensions to be passed on after death By William Robins | 12:20:48 | 04 May 2010
News Flash: Annuity rates fall to record lows as millions approaching retirement see potential pension incomes slashed. Experts suggest this is the worst crisis facing employees deciding on which annuity to select. http://www.dailymail.co.uk/news/article-1307497/Pensions-payouts-shrinking-annuity-rates-nose-dive.html If you are leaving the UK, or have already left and approaching retirement why risk the pension you worked hard for? Retire on your terms with you pension safe and secure.
http://www.qropsworld.com
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