For clients moving or living abroad, UK pension benefits can be neatly transferred to a tax neutral QROPS in a well regulated jurisdiction, such as Guernsey, although QROPS may not be suitable if the client intends to return to the UK at some point in the future.
QROPS have a range of benefits Simplification of your personal tax position. Having been absent from the UK for five tax years or more the member should no longer be subject to UK tax on pension...
'A message has to be sent'
Questions raised over fees and liability
Retirement overseas requires careful tax planning
Adam Wrench looks at some of the opportunities and pitfalls for expats returning to the UK
The government's reduction of the Lifetime Allowance (LTA) is ‘triggering' a growing number of expats to move their pensions out of the UK, deVere Group says.
Sci-fi movies may have promised us some snazzy technology that hasn't quite come to pass, writes Simon Goldthorpe, but that does not mean financial advisers should dismiss the power of fintech...
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'Number of issues' found
Advisers can transfer assets themselves