QROPS Pension Review
Do you have a QROPS Pension – Then Read This – it could save you £1,000’s
Free QROPS Pension Check Up From The Worldwide QROPS Pension Experts
Lets begin with a question: Is Your QROPS Pension Right For YOU?
We are contacted by many people throughout the world who have a QROPS pension, and would like to explore their options to get the most out of their QROPS pension (reduce their taxes and increase their pension income; while maintaining HMRC QROPS status).
You see many people have transferred their UK pension overseas into a Qualifying Recognised Overseas Pension Scheme (QROPS). This has many positive attributes; if done correctly, and if it is properly maintained overtime through correct UK pension specialist advice (this is because a QROPS pension is country specific, and must also be tailored to a person’s changing specific circumstances); to achieve this, the financial adviser client relationship and the corresponding servicing levels must be high for example regular QROPS pension reviews.
We are therefore coming across clients who, unknowingly, have been poorly advised and/or have poorly maintained schemes; and very poor financial adviser client relationships and servicing levels. This can result in increased taxes, loss in pension fund value, reduced pension income, and heavy penalties, which can be as much as 55% of your fund value.
Pension transfer rules and the various solutions (country and client specific) is a complex, ever changing environment (for example at the time of writing HMRC has removed QROPS status from Australia and New Zealand). We therefore highly recommend that you should receive advice from UK qualified advisers.
So due to your personal changing circumstances, or country of residence changes, or QROPS legislation changes, or poor investment returns, or poor financial advice and/or service levels; you can see that it is vital to regularly review your QROPS pension with qualified UK advisers.
We are the go to QROPS UK pensions transfer specialists with UK advisers providing UK pension transfer advice throughout the world.
As a result of the growing demand for ongoing QROPS advice; we offer a FREE QROPS check-up service. Should you wish to take advantage of this service or simply ask us a question regarding your QROPS pension then please get in touch using our contact form.
Importantly, lets just remember why you took out your QROPS pension:
- To Secure YOUR pension (money); from UK Pensions Deficits where you may lose your pension (money).
- To Reduce YOUR Tax and increase your pension income for you to spend as you wish during your lifetime.
- To Secure the MAXIMUM benefits for your loved ones on your premature death.
Our QROPS Review Will Answer The Following Questions
Is Your QROPS Pension Right For YOU?
- Did you receive the correct advice, is your QROPS the right one for you.
- Is a QROPS pension right for you, or would a UK SIPP Pension be more suitable.
- Has the QROPS jurisdiction altered since you took out your QROPS Pension; or should it be altered now.
- Have your personal circumstances changed, and is there any impact on your QROPS.
- Have you moved to another country, and is there any impact on your QROPS.
- Have you received regular ongoing service from your Financial Adviser; if not this needs to change immediately.
- Has your QROPS underlying investments increased in value satisfactory (see our Strategic Dynamic Asset Allocation models for the ideal pension fund strategy).
- Are you paying too much Tax, and can we increase your pension income.
- What impact will the UK SIPP Pension changes mean to you.
We Will Check Your QROPS’ Jurisdiction:
Each jurisdiction, places like Malta or Gibraltar, has its own key strengths. Aligning these with your own needs and circumstances is crucial. Misalignment, where left alone, is the number one reason why you will end up paying higher taxes and hefty penalties.
We Will Check Your Overall Charges:
In a low growth environment, every additional percentage point charge has a huge impact on your net investment returns. You may be paying unnecessary fees, especially where there is no / very little ongoing service being provided.
We Will Check Your Investment Performance:
Are you happy with your investment returns? We see portfolios that have not been altered since inception, over weight in structured products or student accommodation funds, or comprise of poorly selected “Random” funds. Strategic Dynamic Asset Allocation is needed to ensure lower volatile investment returns, which exceed both charges and inflation (see our investment approach here Strategic Dynamic Asset Allocation models for the ideal pension fund strategy).
We Will Advise On Draw-down Options:
Whether you are approaching retirement or already taking benefits, we will recommend the most efficient method to take benefits (income or lump sum withdrawals) from your QROPS pension.
We are contacted by many people throughout the world who have a QROPS pension, and who, unknowingly, have been poorly advised and/or have poorly maintained QROPS pension scheme (due to a poor client adviser relationship and/or corresponding service levels). This can result in increased taxes, loss in fund value and heavy penalties, which can be as much as 55% of your fund value.
In addition due to your personal changing circumstances, or country of residence changes, or QROPS legislation changes, or poor investment returns, or poor financial advice and/or corresponding service levels; it is vital to regularly review your QROPS pension with qualified UK advisers (this is because a QROPS pension is country specific and must also be tailored to a person’s specific changing circumstances).
We would like to help you to:
- Reduce your taxation.
- Increase your investment returns.
- Increase your pension income
- Maximise your QROPS performance regarding HMRC changes and changes to your personal circumstances with our regular review service.
If you would like to explore your options to get the most out of your QROPS pension please use our contact form.
We are established UK Pensions specialists within the worldwide UK pensions advisory environment; considered the go to advisory worldwide for UK Pension Transfers to Qualifying Recognised Overseas Pension Schemes QROPS wherever you are in the world.
Our highly experienced UK advisers will review your QROPS pension and if appropriate, will work with you to make the relevant changes.
We advise, service, and arrange QROPS UK pensions and SIPP UK pensions for clients from all over the world for example we have clients in Australia with the main enquires coming from Adelaide, Brisbane, Canberra, Darwin, Gold Coast, Melbourne, Newcastle, Perth, Queensland, Sydney, and Victoria, New Zealand NZ mainly living in Auckland, Christchurch and Wellington, United Arab Emirates UAE, Dubai, Bahrain, Spain, Italy, Greece, Portugal, USA, Canada, South Africa from Johannesburg and Cape Town, Brazil, Mexico, New Delhi India, Islamabad Pakistan, France, Monaco, Germany, Switzerland, Yemen, Saudi Arabia, Panama, Costa Rica, and all of Asia; Hong Kong, Macau, Belize, Jakarta Indonesia, Tokyo Japan, Singapore, Taipei Taiwan, Kuala Lumpur Malaysia, Mongolia, Myanmar, Bangkok Thailand, Manila Philippines, Hanoi and Ho Chi Minh Vietnam, including Beijing, Shanghai and all of China.
So no matter where you are in the world we can help and advise you; and make all of the arrangements for you.
We have been at the forefront of the development of QROPS worldwide since their inception; and we retain strong links with the most respected QROPS providers worldwide. We are the most experienced independent advisory company in the QROPS worldwide market place. Advising not only private clients, but also private bankers at some of the largest institutions such as UBS, HSBC, and Credit Suisse.
Why don’t you Download YOUR FREE QROPS GUIDE; so that you can check and compare your existing QROPS Scheme against QROPS benchmarks – how is your QROPS Pension Scheme compared with other QROPS Pensions Schemes Worldwide?
We will never share, sell or pass on your details to anyone else.
Should you feel we can help further then please contact us on our contact form or telephone +852 5307 3732 or use our contact form; we look forward to being of service to you.
This web page was written in 2015. For the latest information please download the latest FREE QROPS GUIDE; or contact us on our contact form here contact form.
Contact Us First – +852 5307 3732
British UK Pension Schemes Transfers Overseas Wherever You Are In The World
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