Welcome to Low Cost QROPS
A Qualified Recognised Overseas Pension Scheme (QROPS) is an excellent option for people with a UK private pension who are living, or planning to live, overseas.
Here’s why:
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Greater control – more say over where your pension fund is invested
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Tax efficient – no tax to pay when drawing down your UK pension
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Inheritance benefits – possibility of passing on your pension fund to your beneficiaries, free from UK Inheritance Tax
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Easy to manage – numerous pensions can be consolidated into one QROPS
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No annuity – you do not have to buy an annuity within a QROPS
Do you qualify?
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Have you ever worked in the UK?…Yes!
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Did you contribute to a private or occupational pension scheme while you were there?….Yes!
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Are you UK non-resident or do you intend to become non-resident?….Yes!
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Do you have an existing QROPS that you may wish to transfer….Yes!
