The case for QROPS

QROPS schemes were established under regulation by UK HMRC in 2006 (A Day) to allow people leaving the UK to export their pension savings. These schemes have become popular because of their simplicity and the increased investment flexibility they can provide. Two key benefits are often the removal of a requirement to buy an annuity contract (potentially expensive and restrictive) and the freedom from inheritance tax (so you can potentially pass on your entire remaining pension to dependents). However, there has been mixed publicity for QROPS following HMRC’s removal of Singapore QROPS...