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Why Are QROPS Pensions So Popular?
In essence, to be free from the rules and restrictions associated with UK pensions after five complete tax years of non-residence. Then benefits are aplenty! Such as QROPS benefits on death are generally free from tax contributing to a substantial tax saving. Some QROPS enable a much higher level of income to be drawn at a lower tax rate. UK pension schemes restrict the lump sum that can be taken to 25% of the fund; many QROPS schemes do not have this restriction. QROPS generally do not have investment restrictions and allow the use of an investment manager of your choice. The list goes on, expats make sure you don’t miss out.
