Blog

What Is A QROPS Scheme?

Sandy King
QROPS
Pension Scheme QROPS

What is a Qualifying Recognized Overseas Pension Scheme? It includes a pension scheme overseas which meets specific requirements established by HMRC, or Her Majesty’s Revenue & Customs. A QROPS may obtain transfers of Pension Benefits in the UK without having to incur an unauthorized payment, as well as scheme sanction fee. This program launched on… continue reading »

Find pension contact details

Sandy King
In the News, QROPS

The UK’s Department for Work and Pensions (DWP) has launched a new pension tracing website to help savers track down lost or forgotten retirement pots. Use this service to find contact details for: your own workplace or personal pension scheme someone else’s scheme if you have their permission This service can help you find a… continue reading »

What are the benefits of QROPS?

Sandy King
QROPS

Succession Planning Pension funds can be passed down to family members free of UK Inheritance Tax (IHT) and scheme charges on death at any age. If a member dies whilst being a member of a QROPS (and after being non- resident for 5 complete tax years) then no UK scheme charges are reportable to HMRC…. continue reading »