QUALIFIED RECOGNISED OVERSEAS PENSION SCHEMES
WITH ARGENT INTERNATIONAL
DON'T FORGET YOUR U.K. PENSION POT
If you are one of over 300,000 people migrating from the U.K. this year, we at Argent International are here to help you. Since 6th April 2006, HMRC introduced QROPS (Qualifying Recognised Overseas Pension Schemes), giving rise to new retirement planning options to UK pension holders including:
1. There is no requirement to take an income from the pension fund. The potential tax savings are enormous.
2. Ability to pass your full pension fund value on to your family free of UK inheritance tax.
3. Unlimited investment choice worldwide.
Argent international advised on a choice of HM Customs and Revenue Approved QROPS schemes that best suit your personal financial requirements. These plans offer UK persons living abroad the opportunity to unlock the true potential of their pension fund.
Making the right choice of QROPS is vitally important. Argent International advisers will help you look at how the benefits are paid from the scheme, the country or territory's tax position and the investment choices the scheme has to offer.
|Complete the Letter of Authority form giving Argent International authorisation to
request the transfer value and transfer forms (3 in total) on your behalf.|
current transfer value is confirmed by the UK pension provider you then complete a Form of
Engagement with Argent International once the fees have been agreed.|
|All of the
forms will be completed and sent to your U.K. pension provider.|
pension provider then transfers the fund to QROPS. Click on YES to start the process
and download the Letter of Authority, complete sign and return by fax on +44(0)1664 444625
or email to the email@example.com. Alternatively ring our Pensions Advisers on +44 (0)1664
International is a highly respected financial services group of companies, specializes in
comprehensive and independent financial advisory, wealth management, company and trust
administration services to private, corporate and institutional investors.|
For over 22 years we have assisted investors to enhance their financial position and make
the most of the opportunities available in the global financial market.
|Commonly Asked Questions
answered by Her Majesty's Revenue & Customs|
UK Small Business Directory
Financial Services Directory - UK directory of financial services and independent financial advisors.
Search Engine Optimisation (SEO) company providing low cost services to the UK.
A QROPS is a recognised overseas pension scheme that meets certain requirements. The rules
of the scheme must be broadly equivalent in terms of tax treatment, to a UK registered
With an ever increasing ageing population, there are not enough young people paying into the
state scheme to take care of pensioners. The likely result is a crack down on pensions
schemes in the future and an increase in taxes (as we have witnessed already). Luckily for
UK citizens, they can transfer their UK private pensions offshore to mitigate tax. The
Qualifying Recognized Overseas Pension Scheme (QROPS) allows most types of UK private
pensions to be transferred offshore. QROPS was designed with the intention of giving UK
expats who aren't returning to the UK the option of moving their pension to a 'white list'
country offshore such as Guernsey or the Isle of Man. Not only do you mitigate tax, but you
don't need to purchase an annuity. This means that your whole pension fund is left to your
spouse upon death and then onto your kids should your spouse pass away.
Furthermore you don't need to report to the HMRC (UK tax office) after 5 years. If you've
been abroad for 5 years already, you don't need to report to them at all. You may even be
able to access 30% of your fund immediately after transfer provided you are over 55 and have the added benefit of removing death duty tax on your remaining pension, now set at 55% by Her Majesty's Custom's & Excise.
The UK HMRC monitors the companies it has approved to provide QROPS schemes.
How QROPS work
Comprehensive list of why
QROPS could be the right
option for your pension
|Request a call back from one of our advisers.|