Company Pension Solutions All Mean Savers Taking A Hit

Companies are looking for solutions to plugging their £459 billion pension black holes, but whatever way they decide to go, retirement savers will lose. Direct benefit or final salary pension schemes offer savers a guaranteed pension rising in line with the cost of living for life. The trouble is these pensions have become too expensive … Read more

Expat Guide To Switching A Pension To A QROPS

Switching a pension from the UK offshore to a Qualifying Recognised Overseas Pension Scheme (QROPS) can make financial sense for expats. QROPS are well-known for their tax and investment incentives for expats, but sourcing the right pension and organising the transfer are tasks for specialist advisers. With more than 1,200 QROPS available in 42 financial … Read more

Why Expats Should Move Final Salary Pensions To QROPS

Expats could rearrange their finances and become instantly better off if they made some sensible financial decisions. Saving tax and other charges is not about being wealthy, but being sensible with whatever money you have. First look at income tax. Anyone with a UK pension gets 25% from their pot tax-free and tax is taken … Read more

Want A £1m Plus Pension Without Any Tax Penalties?

Expats can beat the lifetime allowance rules by switching from a UK pension to a Qualifying Recognised Overseas Pension Scheme (QROPS) – but the window of opportunity may soon close. The government has recently opened a consultation aimed at aligning the tax treatment of QROPS with onshore pensions for expats who move back to Britain. … Read more

QROPS 2017 – What to expect for the tax man

HM Revenue and Customs (HMRC) has already signalled that overseas pension rules will change in April 2017. Besides some tax tweaking to bring pensions like Qualifying Recognised Overseas Pension Scheme (QROPS) into line with onshore pensions, the big shake up is likely to be with offshore pension providers. The grand design is to turn the … Read more