The pension plan we offered comes with a number of features and conditions:
The plan is offered in accordance within the approval granted by the Commission of Income Tax. Pension payments made to Members will be subject to Income Tax in their country of residency under “chargeable events rules”.
In addition to mainstream investments such as unit trusts, portfolio bonds, investment platforms, QROPS can also invest in international commercial property and other approved assets, subject to Scheme/Trustee Approval.
IFAI provide a risk related approach to portfolio management based on an individual's personal approach and circumstances. This process includes - accessing investment mix and policy, matching investments to objectives, asset allocation for individuals & institutions and balancing risk against performance.
It is possible for benefits from a QROPS to be paid out with no UK tax, therefore passing on more of the fund to a member's beneficiaries. Certain conditions apply and rules can vary depending on each jurisdiction.
Many UK pension schemes, including stakeholder pensions, have a percentage based charging structure. A QROPS from one of our recommended trustees has a fixed price, all inclusive, initial and annual fees, which could offer a significant saving to your clients as the costs are not linked to the value of the fund.
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