Spencer Lodge speaks about QROPS. QROPS
stands from Qualifying Recognized Overseas Pension Schemes, and it is available
for anyone who wants to transfer UK pensions to another country’s jurisdiction,
being able to retire abroad. However, if you want to access QROPS, you should
not have plans to ever return back to the UK. Otherwise it might be in vain.
Therefore, you should think carefully, and if this is your final choice, then
the best decision you can make is to choose pension transfers services. In this
way you will have more to gain than to lose. This is why you should think
carefully about the next decisions you are going to make.
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| Spencer Lodge Fund Advisers Dubai |
If
you are thinking about QROPS you should know that it actually offers greater
benefits than if you choose leaving your pensions in the UK. Besides this, it
also offers additional benefits that might be useful. For instance, it allows
you to have immediate access to funds from the age 55.
As
you probably know, in the UK all the pensions have income tax deducted at the
basic rate before being paid to the pensioner, and therefore a QROPS income
will be actually taxed at the rate that is applicable in the same country where
the QROPS is based in. This means that your tax is deducted at the basic rate
applicable in the UK. Besides this, if you fulfill certain requirements, you
may not pay any tax at all. Additionally, the funds may be left to the
beneficiaries. As you can see, QROPS may be your best choice, especially if you
take into account all the benefits it has to offer.
A
QROPS provides you a higher form of flexibility over the place you wish to
invest, and according to your own choice, the funds can be left to
beneficiaries, and besides this, there is no UK Inheritance Tax upon death
after the five years that have elapsed. You should also know that there are
various jurisdictions where QROPS can be placed, each country having different
tax laws. This is why you should make some research before choosing pension
transfers, being able to see whether it is a good deal for you.
If
you are not sure about the decision, you should seek the assistance of a
financial advisor, who might be able to help you take the best decision. Moving
in another country is a serious lifestyle change, and therefore you should be
fully prepared for anything that is going to happen. Thankfully, if you have
professional help, you will know exactly what to do, knowing for sure that you
have analyzed all your options.
Now
that you have more information about QROPS, it is time to take a decision which
has the power to change your life. In this way you will be able to start fresh
in a new country, enjoying your retirement. There is no need to wait anymore,
it is time to take action in order to change the course of your future. Spencer Lodge Fund Advisers offer impartial advice on the transfer of your pension. We offer advice and assistance on both QROPS and SIPP transfers.
Fund
Advisers offer impartial advice on the transfer of your pension. We
offer advice and assistance on both QROPS and SIPP transfers. - See more
at: http://www.fund-advisers.com/pension-transfers#sthash.MRYGEga7.dpuf
Fund
Advisers offer impartial advice on the transfer of your pension. We
offer advice and assistance on both QROPS and SIPP transfers. - See more
at: http://www.fund-advisers.com/pension-transfers#sthash.MRYGEga7.dpuf
Fund
Advisers offer impartial advice on the transfer of your pension. We
offer advice and assistance on both QROPS and SIPP transfers. - See more
at: http://www.fund-advisers.com/pension-transfers#sthash.MRYGEga7.dpuf
