Do you want choice of currency and flow of income?

A QROPS is perfectly placed to achieve that for you

With final salary company pensions now a thing of the past for most private sector workers, more and more people like you are looking at different ways to safeguard their retirement plans.

Transferring your pension to QROPS allows UK expats to grow their pension funds in a tax efficient way and helps reduce tax on pension income in retirement.

Find out if they’re suitable for YOU.

What is QROPS?

A Qualifying Recognised Overseas Pension Plan or QROPS is a pension transfer scheme recognised by HMRC in the U.K, but based abroad.

To recieve transfers from UK based pension funds the scheme must provide protection equivalent to or better than the safeguards required in the U.K.

Anyone who has a private pension can transfer to a QROPS scheme unless they have alraedy purchased an annuity or are in receiptof their final salery pension.

If you have left the UK or are planning to leave, then a QROPS is likely to be suitable for you. However, it is essential to consult a professional before taking steps to set up a pension transfer

Benefits of QROPS

  • Flexible choice of currency.
  • Don’t have to buy an annuity.
  • Reduce UK income tax or death charges up to 45% .
  • Safe and well-regulated.
  • No Lifetime Allowance (LTA) charge
  • Funds can be left to heirs
  • Transparent charges.
  • Up to 30% initial lump sum.
  • Consolidate multiple pensions.
  • Investment flexibility and freedom.
  • Avoid changes to UK tax and pension legislation.

Who is QROPS suitable for?

QROPS might be suitable for You if…
  • You currently have funds in a UK pension.
  • You are planning to or currently live abroad.
  • You haven’t already purchased an annuity.
  • You haven’t started to recieve an income from your final salary scheme.
  • You are planning to live overseas for at least 5 years.
  • You want to be able to access your pension at 55.
  • You want a higher pension income.
  • You want to draw more of your pension as a lump sum.
  • You want to transfer all of your pensions into a single pot.

Is QROPS Right For Me?

To avoid taking unnecessary risks with your income or capital. It makes sense to consult fully-authorised, specialist advisers before making any decisions about QROPS..

To arrange your FREE initial consultation please complete the contact form below and one of our financial experts will get back to you.

Meet the Team

David Vacani

David Vacani

Principal

David has worked in the Financial Services sector since 1987 running large investment portfolios & looking after high net worth clients.

david@bgwealthmanagement.net

Tel: 0044 333 241 6966

Jennie Poate

Jennie Poate

Independent Financial Advisor

Jennie has been providing specialist advice to ex-pats for over 9 years. She is currently also undertaking her UK chartered diploma & lives in France.

jennie@bgwealthmanagement.net

+33 634 119 518

+44 333 241 6966

skype: JenniePoate

Paul Flintham

Paul Flintham

Independent Financial Advisor

Paul has been advising people who live overseas since 1997 & has a huge range of experience. An expat himself, he has a thorough understanding of the challenges of living abroad

paul@bgwealthmanagement.net

+33 624 962 751

+33 546 065 190

Skype: pflintham

Jane Inkster

Jane Inkster

Administrator

Jane is the hub of all things administration for Beacon and has been with the company almost since inception. Based in our UK office in Guildford she heads up a team of office based staff whose responsibility is to make sure clients’ policies are kept running smoothly and assisting all of the consultants. With an IT background she has vast experience in European financial services.

enquiries@bgwealthmanagement.net

Tel: 0044 333 241 6966

Edyta Slys

Edyta Slys

Administrator

Edyta, who is bilingual has joined our UK admin team recently.

She has worked in financial services prior to joining Beacon and acts in a supporting role to the consultants, and being the link between clients and administration ensuring policies are run smoothly.

enquiries@bgwealthmanagement.net

Tel: 0044 333 241 6966

A goal without a plan is just a wish.

Antoine de Saint-Exupery

Contact Us

The financial advisers trading under Beacon Wealth Management are members of Nexus Global (IFA Network). Nexus Global is a division within Blacktower Financial Management (International) Limited (BFMI). All approved individual members of Nexus Global are Appointed Representatives of BFMI. BFMI is licensed and regulated by the Gibraltar Financial Services Commission and bound by their rules under licence number FSC00805B.