We offer a choice of QROPS schemes from Malta, Gibraltar and the Isle of Man to suit your personal circumstances and your underlying investment.
Where a QROPS is concerned, it's true to say that one size does not fit all. Our team maintain up-to-date knowledge and technical understanding of the ongoing issues faced by clients, both in the UK and further afield.
Our dedicated QROPS teams in Gibraltar work closely with carefully chosen trustees to provide the right solutions and the correct amount of contact to ensure you are kept informed at every stage of the process. This level of expertise enables us to continue to deliver innovative and tailored solutions.
The service we deliver to our clients is at the heart of everything we do. Our business model and processes are built around our clients to ensure we deliver only the highest standards of client care.
As a truly independent multi-jurisdictional Broker of financial solutions our concern is only for our clients who are empowered with the choice of financial freedom.
We are at the forefront of developing best practice in the administration and delivery of financial recommendations. The service we deliver to our clients is at the heart of everything we do.
Our business model and processes are built around our clients to ensure we deliver only the highest standards of client care.
We provide a high quality service with all fees included and made clear from the onset.
Anyone that holds a UK pension scheme who intends to live outside of the UK for more than 5 years, or who has been living overseas for 5 years, is eligible.
There is no minimum level. However, it may not be efficient to transfer a single smaller pension into a QROPS. IFAI can recommend the most efficient vehicle based on the size of your pension fund and the length of time you have until you retire.
A transfer of a registered pension scheme to a QROPS is a benefit crystallisation event (BCE). This means it will give rise to an additional income tax charge where the transfer exceeds the individual's lifetime allowance. Currently, this allowance is set at £1,000,000. Below this amount there is no taxation at transfer. Anyone with a pension fund larger than £1,000,000 who is contemplating such a transfer should obtain specialist advice from IFAI before proceeding. https://www.gov.uk/hmrc-internal-manuals/pensions-tax-manual/ptm081000
Yes, you can return without prejudice. However, to ensure there is no taxable event, we would recommend seeking our advice before returning to the UK.
As your life changes, so should your financial recommendations, this ensures relevance of position in a changing financial world.