QROPS Benefits
Transferring into a QROPS offshore will provide you with significant advantages including:
- QROPS can be passed 100% to your beneficiaries
- QROPS can provide tax free benefits
- QROPS passed to your beneficiaries will avoid UK Tax. For money purchase schemes this is a flat fee of 55%
- QROPS can be based offshore meaning the benefits grow Tax free
- QROPS can be accessed at an earlier age
- QROPS can provide Investment choice
- QROPS are transparent and low cost
- QROPS can provide a 30% tax free lump sum upon retirement
- QROPS avoid further changes to UK tax & pensions legislation
- QROPS do not have to be reported in the UK after you have been non resident for 5 full years