How an Overseas Transfer Charge Affects a QROPS Transfer
If you are thinking about transferring your pension funds into a QROPS you must remember that it may be subject to an Overseas Transfer Charge (OTS). The amount of money being transferred is an important factor in assessing whether a QROPS transfer is the best option for you. Will a QROPS transfer still be viable if it is subject to an OTS?Read more
Managing your pension funds before transferring to a QROPS?
Plan your pension early.
When it comes to pensions transfers, a QROPS (Qualifying Overseas Pension Scheme) is sometimes the perfect option., However, this option is only available in the right circumstances. If you are looking to transfer your UK pensions to Australia (for example), you are not allowed to transfer pension funds into a QROPS in Australia until you reach the age of 55.
In circumstances where your UK pension funds are remRead more
Healthy Body, Healthy Finances: Is Your Pension in Order?
With the Great British summer in full swing and plenty of hot weather to bask in, it’s easy to make healthier choices for your body. Regularly applying sun cream, drinking plenty of water and choosing fresh salads instead of the stodgy comfort foods that get us through the winter all contribute to the maintenance of a healthy body.Read more