Cutting through the complexity of QROPS

Whilst the technical detail behind qualifying recognised overseas pension schemes (QROPS) may appear to be complicated, the benefits for a customer are clear if we consider who a typical QROPS customer might be. They will generally fall into one of three categories: a UK expatriate, someone with definite plans to leave the UK, or a temporary UK resident. All will have existing UK pension funds and they should not expect to return to the UK, although if this does happen then a client should seek financial advice before returning to understand the consequences. There are a ...