Pension freedom after April 2015
New rule changes made to the QROPS legislation in the UK mean that as of April 2015 it is now possible to access 100% of your pension pot.
These new rules were introduced as part of the wide ranging changes to pensions introduced by the UK government in April 2015.
However, this flexibility only applies to Malta QROPS schemes, and not local Indian QROPS schemes, such as the Exide Life Golden Years Retirement Plan, where you are still forced to purchase an annuity with your pension fund and receive a regular monthly income.
Global advice for transferring your UK pension to a QROPS or SIPP Pension
A QROPS or SIPP international pension offer significant advantages over a UK pension. If you have permanently left the UK, or are intending to do so, then transferring your pension into a QROPS may provide a number of benefits.
All around the world, UK pension holders are taking advantage of the QROPS and UK SIPP pension legislation in order to ‘unlock’ their frozen UK pensions, release a tax free sum, optimize the returns on their pension assets, and to potentially withdraw their entire pension pot.
If have returned to India with a UK pension, or have lived and worked in the UK and moved elsewhere, then we can help you make the most of your UK pension benefits. QROPS Adviser Group have helped clients living in all four corners of the globe, including India, Australia, Canada, Qatar, Dubai and New Zealand.
Our qualified advisers will determine whether a QROPS or a SIPP transfer is right for you, and if so, guide you throughout the process, assisting you through the various steps to set up your QROPS/International SIPP pension.
How can we help?
QROPS Adviser Group has extensive experience of transferring UK pensions into various QROPS and SIPP schemes, for both residents of India and other countries.
We can help you choose the most appropriate pension scheme, and tailor the advice to your individual requirements.
How Can I Benefit from a QROPS?
Independent and Professional Advice
A QROPS is much more than just a pension, but a big part of your accumulated wealth. Getting the right advice can mean a much more comfortable retirement. We can help ensure that you make the right decision about your UK pension.
Leave a Legacy for Future Generations
Once of the most valuable benefits of a QROPS scheme for Indian residents is the ability to pass on your pension fund to your loved ones after you have passed away, and avoid paying UK inheritance tax.
International Investment Opportunities
One of the key elements of a successful long term wealth management strategy is a well diversified investment portfolio – and exposure to international investments is a crucial ingredient of that diversification process.