SIPP and QROPS Advice

Advice about whether to maintain your pension in the UK or transfer offshore requires a thorough analysis by those with sufficient experience and qualifications to advise on this complex subject.

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UK Pensions-what happens when you die

There is considerable confusion about what happens to a UK pension when the policyholder dies. It is really straightforward and provides for great financial planning for families in the future.

SIPPs versus QROPS at a glance

SIPP versus QROPS versus QNUPS / ROPS (Prior to retirement)

SIPPsQROPSQNUPS
If UK taxed, can you make tax relieved contributions?UK Pensions for ExpatsUK Pensions for ExpatsUK Pensions for Epats
If not UK taxed still, can you make contributions to it?UK Pensions for ExpatsUK Pensions for ExpatsUK Pensions for Expats
Can you transfer fund at death without restrictionUK Pensions for ExpatsUK Pensions for ExpatsUK Pensions for Expats
Can you transfer fund at death under 75 without restrictionUK Pensions for ExpatsUK Pensions for ExpatsUK Pensions for Expats
Contributions restricted to UK maximum levelsUK Pensions for ExpatsUK Pensions for ExpatsUK Pensions for Expats
Good for passing fund onto relatives at deathUK Pensions for ExpatsUK Pensions for ExpatsUK Pensions for Expats
More information available on qualifying criteria?MoreMoreMore

* Prior to retirement then the SIPP should be considered first, then depending on circumstances and wealth either a QNUPS or QROPS.

SIPP versus QROPS versus QNUPS / ROPS (Post retirement)

SIPPsQROPSQNUPS
Can you take option of income or lump sum or bothUK Pensions for Expats title=UK Pensions for ExpatsUK Pensions for Expats
Income available at possibly higher levels/reduced taxUK Pensions for ExpatsUK Pensions for ExpatsUK Pensions for Expats title=
Benefits for overseas expats better than UK optionsUK Pensions for Expats title=UK Pensions for ExpatsUK Pensions for Expats
Can you transfer fund at death under 75 without restrictionUK Pensions for ExpatsUK Pensions for ExpatsUK Pensions for Expats
Can you transfer fund at death over 74 without restrictionUK Pensions for ExpatsUK Pensions for ExpatsUK Pensions for Expats
Lump Sum over 25% taxable as income in UKUK Pensions for Expats**UK Pensions for Expats **UK Pensions for Expats **
Lump Sum of 30% available outside UK tax-freeUK Penions for Expats **UK Pensions for ExpatsUK Pensions for Expats
Lump Sum over 30% available (ignoring tax)UK Penions for EpatsUK Pensions for Expats **UK Pensions for Expats **
Improved Inheritance tax benefits after retirementUK Pensions for ExpatsUK Pensions for ExpatsUK Pensions for Expats
More information available on qualifying criteria?MoreMoreMore

** Under UK legislation it is possible for retirees’ to take funds out in excess of 25% up to 100% paying income tax on the excess. That income tax will be due in the country they live in depending on the Double Tax Treaty (it may mean no tax is applicable on a SIPP for example outside the UK). Overseas it is possible to raise tax free cash to 30-35% of the funds.

* Post retirement over 74then QNUPS or QROPS offer advantages over a SIPP and should be considered for some countries. Under 75 then a SIPP should be considered first where possible.

SIPP versus QROPS versus QNUPS / ROPS (General)

SIPPsQROPSQNUPS
Can you borrow / take loans based on your pension?UK Pensions for ExpatsUK Pensions for ExpatsUK Pensions for Expats
Can you invest in a property directly?UK Pensions for ExpatsUK Pensions for ExpatsUK Pensions for Expats
Can you invest in a broad range of investments?UK Pensions for ExpatsUK Pensions for ExpatsUK Pensions for Expats
If you plan on returning to UK is it appropriateUK Pensions for ExpatsUK Pensions for Expats *UK Pensions for Expats
Is it suitable for you if you live overseas?UK Pensions for ExpatsUK Pensions for ExpatsUK Pensions for Expats
Is it available worldwide?UK Pensions for ExpatsUK Pensions for ExpatsUK Pensions for Expats
Do you have to live overseas (Outside UK) to qualify?UK Pensions for ExpatsUK Pensions for ExpatsUK Pensions for Expts
More information available?MoreMoreMore

* Not recommended

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How we can help you

Would you prefer UK qualified experts to provide competent advice, rather than an offshore salesman seeking commission?

Are you no longer resident in the UK or considering moving abroad?

Do you have more than £50k in your UK pensions?

Would you like to pay less tax and have greater investment freedom?

If you answered YES to these questions, Pensions for Expats could greatly improve your financial and tax situation.
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