Qrops Pension Transfers, UK Pension release, Pension Loans
Qrops pension transfers can offer many advantages and benefits compared to leaving your UK pension in the UK.
QROPS have clear benefits compared to leaving your pension funds in the UK. 1. QROPS can be passed 100% to your beneficiaries free of UK Inheritance tax 2. With QROPS your pension benefits will grow tax free, increasing your retirement fund. 3. When you retire you will receive all benefits free of UK tax 4. QROPS can provide a higher tax free cash lump sum than UK pensions 5. QROPS are internationally mobile and can follow you around the world. 6. QROPS allow you to draw down a higher annual income than UK pensions 7. Fund investment and drawdown in any currency you want. So reducing currency risk 8. Out of the scope of all future UK tax changes. This means future UK governments cannot increase taxation on your retirement funds 9. Greater flexibility and freedom to control investments, meaning you can choose a more ´agressive´ and active investment strategy offering higher growth potential 10. Transparency of costs. Less costs so more money for you. UK pension providers typically charge between 1% and 1.5% of the fund value per annum. QROPS from as low as 0.1% p.a.