Capital & Income Solutions

Essentially, QROPS is a way of moving your UK Pension arrangements to a scheme administered outside the UK, which is more flexible and easily accessible for people who have retired abroad or are planning to do so.

QROPS are a relatively new retirement concept and started as a result of changes to the Pension industry in April 2006. Most QROPS work in the same way as UK pensions in that a pension administrator (trustee) will manage the pension scheme on your behalf and for a QROPS, the trustee must be based outside of the UK.

A QROPS could be ideal for you if you:

• Are definitely intending to retire outside the UK and not return;
• Have a substantial amount invested in an existing UK personal pension or company scheme;
• Have not already purchased an Annuity in the UK;

What does a QROPS provide me?

• Adds flexibility and control to your Pension arrangements
• Reduces your exposure to UK income tax, inheritance tax and pension restrictions;
• Have your retirement income paid in the currency of your choice;
• Higher Income and Tax Free Cash than available from a UK pension.

• To explore your options we will ask you for your written authority to contact your existing pension provider(s) on your behalf, and gather up to date information about your arrangement.
• Once we have this information, one of our qualified advisers will contact you and advise you as to your options and the best way forward.