Monday, January 27, 2020
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Pension

QROPS, How Do I Transfer My UK Final Salary Pension

The door has opened wider for expats who want to transfer their UK final salary pensions to an offshore QROPS. The issue is the rules say any pension or pensions worth £30,000 or more must have a transfer value analysis...

Cash-Strapped Workers Suffer Pension Envy

Savers waiting to give up work are green with pension envy over the money their friends and family get in retirement. More than half of those still working believe they will end up worse off than their colleagues who have...

Workplace Pensions On Track For £1 Trillion Black Hole

Gold-plated final salary pension scheme deficits are growing at the rate of £100 billion a month and stand at a staggering £710 billion. The deficit is the amount of cash Britain’s 6,500 or so company pension schemes list as the...

19 Reasons Why Expats Should Consider a QROPS

If you are an expat and have a pension languishing back in Britain, you really ought to be taking some advice about how to reignite your retirement savings with a Qualifying Recognised Overseas Pension Scheme (QROPS). Most expats do not...

Ombudsman Confirms QROPS Transfer Rules

A ruling by the Pensions Ombudsman has confirmed that pensions in payment cannot be transferred to another scheme. The decision should alert expats near to receiving benefits from a pension to make any transfer to an offshore Qualifying Recognised Overseas...

QROPS Pensions Are Not Just For British Expats

British expats undoubtedly make up the largest slice of the market for Qualifying Recognised Overseas Pension Schemes (QROPS) – but international workers are just as important. Expats may outnumber them by several times, but thousands of international workers mainly from...

10 Tips About QROPS Expat Pension Transfers

If you are an expat and want to transfer your UK pension to an offshore Qualifying Recognised Overseas Pension Scheme (QROPS) here are 10 tips to consider Most QROPS transfers go ahead without any hitches, but these are some of...

How To Open A QROPS Offshore Pension

Expats who want to free themselves from onshore pension providers and who want to take control of their retirement planning may find a Qualifying Recognised Overseas Pension Scheme (QROPS) is right for them. A QROPS is a souped up pension...

Riggers Could Lose Their Jobs To Sniffer Dogs

Well-paid oil and gas workers could lose their jobs to dogs under cost-cutting proposals some companies in the industry are considering. As the price of oil plummets and the cost of extraction become more expensive, oil and gas companies are...

What is a QROPS?

Under new guidelines from HM Revenue & Customs (HMRC), retirement savers transferring cash from the UK to a Qualifying Recognised Overseas Pension Scheme (QROPS) need to carry out due diligence on the receiving pension. The rules defining a QROPS are...
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