UK based independent financial advisers, Global QROPS Ltd, specialize in QROPS advice and this is a service for people looking to transfer their UK pension to an offshore pension scheme and deciding which overseas pension scheme is most suitable. UK expat pension options are currently a big topic for many migrants because of the steady increase in QROPS (Qualifying Recognized Overseas Pension Schemes) appearing around the world.
With so many people migrating to Spain, France, USA, Australia and the rest of the world – expat’s pension funds could be a major source of revenue for them in retirement. Global QROPS Ltd, specialists in offshore pension advice, look to make sure an expat receives the most from their UK pension funds.
Depending on where you are in the world is crucial to whether a UK pension transfer to an offshore pension is suitable. If you are a resident in the USA, for example, you could not transfer your pension benefits to a US scheme (IRA or 401K), however, there are tax efficient options elsewhere.
Migrants, with UK expat pension funds, in Spain may also not realize that they have choices before they consider drawing their funds from their UK scheme. With the correct QROPS advice, a migrant may find more tax efficient options than taking their benefits from the UK. A transfer to an offshore pension, approved as a QROPS, could well be the answer.
