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QROPS - the overseas pension

It is our policy to provide guidance on overseas pension transfers that fall within both the spirit and the letter of UK laws and regulations.

UK overseas pension transfer regulations provide the opportunity to:

  • Legitimately avoid
    • UK income tax on the pension fund
    • UK inheritance tax on the pension fund
  • Take up to 30% of the overseas pension fund as a tax free lump sum
  • Have an increased level of income if you have a shortened life expectancy / poor medical history

In order to fully enjoy these benefits, the only requirement is that you must have been absent from the UK for 5 complete tax years (tax years of absence prior to the overseas pension transfer are actually counted as part of the 5 qualifying tax years).

We work exclusively with offshore pension providers that comply with both the spirit and the letter of the UK overseas pension regulations. We believe this to be in the best interests of our clients and in our own professional best interests.