Will QROPS Become A Brexit Casualty?

Qualifying Recognised Overseas Pension Schemes (QROPS) may become one of the Brexit casualties if negotiators axe Britain’s adherence to Europe’s freedom of movement and capital rules. The rules are two pillars of the European Union and are at risk in the forthcoming Brexit talks. The British government has made clear that securing national borders and […]

Five Top Hints And Tips For Newbie Expats

If you are a new expat looking for in-the-know information from other expats who have already carved a new life overseas, here are some hints and tips: 1.    Don’t make a decision based on a happy holiday Living overseas is a lot different for dipping into a tourist location for a couple of weeks. Permanent […]

Can You Transfer Your Pension To A QROPS?

QROPS are generally good news for many expats as they offer tax and investment benefits that are not available to retirement savers who leave their pensions in the UK. But QROPS transfers are not available to millions of retirement savers with money held in many workplace schemes that are under threat from underfunding by employers. […]

The Danger Of Dealing With Dodgy QROPS Advisers

If you are switching money between pensions to a SIPP or Qualifying Recognised Overseas Pension Scheme (QROPS), you need to know who you are dealing with. Besides a home, a pension probably represents the largest single amount of money most people have, and ensuring financial advisers are honest and trustworthy is a priority before handing […]

How To Speed Up Your QROPS Transfer

International IFAs are grumbling about Qualifying Recognised Overseas Pension Scheme (QROPS) rule changes that mean some transfers take up to six months. The new rules require a UK regulated IFA to review offshore IFA advice to expats transferring final salary pensions to QROPS. They are complaining that the rule means pensions transfers are slowed down […]

How To Switch Your Pension To A QROPS

Switching your pension to a Qualifying Recognised Overseas Pension Scheme (QROPS) is not as complicated as many people may try to make you believe. QROPS have many tax and investment benefits for British expats, while HM Revenue & Customs (HMRC) has a habit of  changing the rules without warning to exclude some retirement savers from […]

Offshore Tax Avoidance Amnesties Ready To Close

Taxpayers who want to take advantage of reduced penalties by declaring secret offshore income and assets to HM Revenue & Customs (HMRC) have until the end of the year to bring their finances up to date. All the current offshore disclosure schemes will close on December 31, according to an announcement from HMRC. Although a […]

Who Can You Trust For QROPS Advice?

Stopping pension scams is the top priority for the watchdogs tasked with safeguarding financial services for consumers in the UK. In a speech to IFAs, Financial Conduct Authority (FCA) technical specialist Rory Percival admitted the industry is teeming with fraudsters and the risk of falling victim to a scammer has risen dramatically with the introduction […]

Treasury Confirms Another QROPS Rules Mess

Civil servants and public workers transferring their pensions to Qualifying Recognised Overseas Pension Scheme (QROPS) face a race against time as the government moves to change the law. Public sector pension savers were banned from switching their funds to an offshore QROPS as part of Chancellor George Osborne’s pension overhaul in April that introduced flexible […]