Welcome to QROPS

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Qualifying Recognised Overseas Pension Scheme (QROPS)

A QROPS is a pension scheme designed for people with UK pension rights who are now living abroad and intend to retire abroad. It can be used to transfer a UK pension overseas without incurring UK tax charges regardless of where you live outside the UK. The Financial Conduct Authority (FCA) has told all financial advisers that QROPS should be incorporated into the retirement planning process for anyone retiring and/or moving overseas. It would benefit UK Expats, international workers with UK pension rights or those retiring or moving abroad with UK pension rights.

Key Benefits of a QROPS

  • DTAs are not required to obtain low tax rate
  • Flexible Investment options available
  • Fund remains invested whilst annual drawdown in place
  • No lengthy probate, as funds are held in trust to named beneficiaries
  • No Lifetime Allowance
  • Protection from UK IHT, divorce and bankruptcy
  • Currency options for benefits payments, mitigating foreign exchange rate fluctuations
  • Low rate of 2.5% taxation on drawdown
  • No requirement to purchase an annuity
  • Several UK pensions can be moved into one QROPS