Cookies on the Investment International website
We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website. However, if you would like to, you can change your cookie settings at any time.

New to Investment International?

Welcome, and thank you for visiting our website.

Investment International is the leading publication for investors interested in the world of international investment.

Our aim is to give you intelligent commentary on the most important financial stories, and help you to profit from them. If you've enjoyed what you've read so far why not sign up for our FREE investment alert.

Every week the Investment International team sends out a hard-hitting newsletter packed with news and analysis of the top stories this week plus the best investment opportunities on the market. We always look at the bigger picture like the Eurozone Crisis, and explain how this will affect YOUR investments.

Ask me later
No thanks

How Can QROPS Benefit Me? PDF Print E-mail
News - Latest
Friday, 17 August 2012 10:12

Since 2006, the Qualifying Recognised Overseas Pension Scheme (QROPS) has been available as a UK pension rights program for expats who want to retire overseas. With this plan, you have more flexibility in how and where you receive your UK pension. More schemes and countries are being added all the time.

HMRC-Recognised Pension

Her Majesty's Revenue and Customs has recognised, approved and accepted these pension plans for incapacity, age, retirement or death. This means that you will have no problem transferring your financial assets to a foreign country running these schemes. Many expats want to make their fortunes serving in the United Kingdom, but want to return to their own countries to live out their final years.

Scheme Advantages

There are many workers who have qualified for UK pensions, but prefer to retire overseas. The cost of living may be cheaper in another country. This scheme has the following advantages:

Financial instruments

Tax benefits

Fewer restrictions than UK pensions

Greater growth potential

Currency options

Freedom to live where you want

Flexible investment options

Higher Growth Potential

The goal of retirement planning is to maximize growth until you get a good lump sum. When you stop working, you can live off the interest generated from this money. Compound interest and reinvesting your profits helps increase this amount.

You will still need to pay relevant UK taxes. This QROPS UK scheme has significant tax benefits over traditional UK pensions. Expats will qualify for other financial investments with higher monetary amounts.

Increased Financial Freedom

Nowadays, global financial markets permit a wider variety of investment options. You can purchase a variety of currencies, commodities and financial products. A traditional UK pension is not flexible. Circumstances change and an investor should not be locked into a rigged investment portfolio.

An offshore retirement plan gives you more control over your portfolio. While a UK pension cannot be added to your estate, you may find a plan that would give you this option. QROPS advice identifies this scheme as a more hands-on approach to portfolio management.

Live Where You Want

People can work from home or talk to someone on the other side of the world. The World Wide Web has permitted people to track financial assets remotely from anywhere. The QROPS UK allows you to collect your pension benefits in the country of your choice.

How Do I Qualify?

Scheme applicants must pass the pension rights and residency test. Your pension should have a value of at least £25,000. Check to see if your country has qualifying pension schemes; most former British colonies or European countries have a number of options.
Enjoy the numerous advantages of the QROPS, which are not as restricted as traditional UK-based retirement plans. Why not expand your options? You can increase your wealth while enjoying the freedom of living where you want.


Most Read

Latest Guides

New Build UK Student Investment
New Build UK Student Investment

UK Airport Car Park Investment
UK Airport Car Park Investment

UK Airport Car Park Investment
Hever Hotel

Holiday Home Rental Guide
Holiday Home Rental

Investing in Buy-to-let
Investing in buy-to-let

Investing in buy-to-let
Investing in buy-to-let

Discover the real power behind your pension
Hever Hotel

Self Invested Personal Pension Guide for UK Expatriates

Offshore Banking Guide
Offshore banking Guide 2010-2011
Pension Planning Guide
International Pension Planning Guide 2010-2011
Eurozone Crisis
Eurozone Crisis Report 2010-2011
Tax Guide
International Tax Guide 2010-2011
Follow us on Twitter
Find us on Facebook