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Qualifying Recognised Overseas Pension Schemes - Needing Pension Advice on QROPS? Image

Qualifying Recognised Overseas Pension Schemes - Needing Pension Advice on QROPS?

August 06, 2021

QROPS comes in all shapes and sizes in a multitude of jurisdictions all of which must be recognised by HMRC.

 

The right one for you depends very much on where you intend to reside although serious consideration should be given to taxation of pension income on an overseas pension. That’s one of the many benefits of transferring your UK Pension to a QROPS essentially to lower your tax burden on income withdrawals.

 

Some financial advisory firms may try to persuade you to invest your international pension through a tax wrapper or offshore bond which adds a completely unnecessary extra layer of costs. This is why it always pays off to deal with professional practice specializing in UK pensions abroad for British expats in Spain.

 

Speak to our retirement planning experts about your specific needs and requirements today by calling us on +44 207 998 0570 or e-mail enquiries@fwm.gi