It’s A Great Time To Cash In Your Pension For A QROPS

Beleaguered companies are offering huge financial incentives to buy retirement savers out of their final salary pensions. Expats in Australia can take the chance of doing a deal and cashing in their pensions – and here are the risks and advantages explained. What’s the offer? Some FTSE350 employers are dangling huge wads of cash in […]

How Saving Instead Of Borrowing Boosts A Pension

Retirement savers are more concerned with repaying debt or covering day to day living costs than increasing their pension contributions. Almost two-thirds say they would ease their financial stress if they had some extra cash rather than put the money into a pension. Less than a fifth facing a struggle to keep on top of […]

Will In Specie Tax Grab Affect QROPS Pensions?

The UK tax authority has slammed another nail into self-managed pensions by barring tax relief on in specie investments to schemes with 26 providers. Thousands of retirement savers are now concerned that the ban will spread to other pension providers. An in specie contribution allows retirement savers to move property or other assets into a […]

Royal Mail Posts Pension Warning For 94,000 Staff

The Royal Mail has posted a warning to 94,000 workers that the company’s final salary pension scheme is too expensive to run. The company pays £400 million a year into the scheme, but has calculated by 2018, the cost of running the pension and paying benefits will be more than double that – at close […]

90% Of Retirement Savers Can’t Spot A Scam

Most retirement savers are confident that they can spot a pension fraud – but nine out of 10 picked a scam when asked to choose from three mock-up adverts offering financial advice. Consumer watchdog Citizens Advice asked 2,000 people whether they felt safe from scammers, and 75% said they were confident they could spot a […]

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 […]

What Can A QROPS Pension Do For Me?

Forget the glossy brochures and time sifting through technical information and get to the nitty gritty – what can a QROPS do for you? Well, you gain all the benefits of a UK personal pension and then some. Four key points to think about are these: 30% tax-free lump sum While your UK pension is […]

120,000 Savers In Rush To Take Pension Cash

The first official independent figures detailing how new pension freedoms are working for consumers have been released. The Financial Conduct Authority (FCA), the pension industry regulator has put the data together for the first three months of pension freedom, which started on April 6, 2015. The figures show: 204,581 pensions have been accessed by consumers […]