Pryce Warner QROPS have been accredited by HMRC and offer a multitude of benefits to those looking to invest their pension overseas.
A Qualifying Recognised Overseas Pension Scheme, or QROPS, is an overseas pension scheme recognised by the HMRC which can receive transfers from UK Pensions Benefits without incurring an unauthorised payment and scheme sanction charge.
Expats are finding QROPS increasingly attractive as they offer excellent currency and investment flexibility, as well as their ability to be transferred to beneficiaries in the event of death.
A QROPS can be appropriate for UK citizens who have left the UK to emigrate permanently and intend to retire abroad having built up a UK pension fund. Alternatively, a person who is born outside the UK having built up benefits in an HMRC-approved UK pension scheme can move their pension offshore if they want to retire outside the UK.
Usually only one QROPS with a wide choice of investments is chosen, however, clients may hold numerous QROPS if required. Pryce Warner account managers will review your requirements and advise you.