UK Expats Hong Kong

QROPS Pension Specialist Gary Williams

There is a lot of talk in Hong Kong from UK Expats about QROPS (Qualifying Recognised Overseas Pension Schemes) and how they can substantially increase your wealth.

QROPS involve transferring your frozen UK pensions to an off shore pension scheme.

In summary the benefits are:

  • Benefits are available from age 55.
  • There is no requirement to purchase an annuity on retirement or at any other time.
  • Greater flexibility exits in how you can take an income from the underlying fund.
  • A larger TAX FREE lump sum can be taken.
  • The underlying investments grow in a tax-free environment (other than dividend withholding taxes).
  • The full fund is payable free of any UK Inheritance Tax (IHT); in the event of your premature death whenever and where ever that occurs.
  • Tax advantages and guarantees provided by offshore investments; whilst remaining under the comfort of the UK regulatory framework.
  • There are tax advantages when receiving the pension income.
  • Greater flexibility over the nature and timing of your retirement benefits.
  • The pension fund can be denominated in a wide range of currencies to suit you (this may reduce currency risk).
  • QROPS are exempt from the UK Lifetime Allowance (the maximum value of the underlying fund; before tax on any excess becomes liable; currently at a rate of 55%).
  • Wider limits on pension income levels, which can be varied to suit your individual circumstances.
  • A QROPS remove “Your Money” for UK HMRC Pension Tax currently calculated at 55%.
  • A particularly flexible contract where an extensive range of investments can be made.
  • Saliently a QROPS puts you back in control of YOUR MONEY

Greater control over the investment of your underlying investment fund, with a wide range of choices available to you. This is important because, the greater the underlying fund value – all other things being equal – the larger your income will be.

We are contacted by many people throughout the world who have a UK pension, and who would like to explore their options about transferring their UK Pensions usually for one of the following reasons.

  1. To Secure YOUR pension (money); UK Pensions Deficits YOUR pension (money) is at risk.
  2. To Reduce YOUR Tax and increase you pension income for you to spend as you wish during your lifetime.
  3. To Secure the MAXIMUM benefits for your loved ones.

We are the go to QROPS UK pensions transfer specialists with UK advisers providing UK pension transfer advice no matter where you are in the world.

For further QROPS UK pensions  information please explore our website and download your FREE QROPS Guide.

Should you feel we can help further then please contact us on our contact form or telephone +852 5307 3732 we look forward to being of service to you.

Download your FREE Expat British UK Pension Transfers QROPS GUIDE; QROPS information explained

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We will be pleased to forward to you your FREE Expat British UK Pension Transfers QROPS GUIDE to you, please check your email.

Would you like to ask us a question or receive further information. Then please email us on our contact form, we will be pleased to answer any questions you may have.

This web page was written in 2015. For the latest information please download the latest FREE Expat British UK Pension Transfers QROPS GUIDE; QROPS information explained.

Contact Us First – +852 5307 3732

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British UK Pension Schemes Transfers Overseas Wherever You Are In The World

“With over 20 years of experience as International Independent Financial Advisers; we provide specialist advice, together with extensive international experience. Providing our clients with the experience and expertise that they are looking for” – Why Don’t you Give us a try!

Transferring your UK Pension, UK Pension Advisers, providing UK Pension Advice, for discerning people wherever you are in the world

We are here to answer your questions, and explore your options together. British Advisors, British Advice, for discerning people wherever you are in the world

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