Lifetime Allowance Changes

Sandy King
QROPS

Lifetime Allowance Changes impact on UK and QROPS Pensions Previously, the UK’s Lifetime Allowance was set at £1.25m and, in April 6, 2016, the UK Government is set to lower the amount to £1m. The decision to do so will most likely bring a host of changes. The transformation affects lifetime earners amassing more than… continue reading »

Understanding Qualifying Recognized Overseas Pension Schemes

Sandy King
QROPS

Understanding Qualifying Recognized Overseas Pension Schemes (QROPS) Pensions are a valuable part of financial planning and planning for your retirement.  It’s important for everyone to understand their complexities later on in life when these incomes become reality. The benefits of a QROPS could make a big difference to you and your family or to your… continue reading »

Overseas Pension Schemes

Sandy King
QROPS

Control of Your UK Pensions and Investments It isn’t uncommon for expatriates to remain unaware of the fact that their pensions can transfer from the UK. Did you know you can take control of your UK pensions using Qualifying Recognized Overseas Pension Schemes (QROPS)? Beginning in 2006, those who moved from the UK and left… continue reading »

Summary of UK Legislation changes and QROPS

Sandy King
QROPS

In December 2014 HMRC issued draft legislation which intended to permit overseas schemes to offer the same pension flexibility as the UK with effect from 6th April 2015. The UK changes were encapsulated in the Taxation of Pensions Act 2014 which became law in December 2014. For more information and a Summary of the UK… continue reading »

Pension Fears

Sandy King
QROPS

With a ban on transfers looming, coupled with concerns over political instability, expats-to-be have been urged to seek advice. Time is running out for public sector workers – such as soldiers, doctors and nurses – in unfunded defined benefit pension (DB) schemes who may wish to transfer their pension overseas when they retire. Changes to… continue reading »