QROPS - Qualifying Recognised Overseas Pension Scheme
The Westerby International Retirement Plan (QROPS) is an excellent vehicle if you live or are planning to live, overseas but wish to retain UK pension benefits.
The Westerby International Retirement Plan is a QROPS registered with Her Majesty’s Revenue & Customs (HMRC).
It offers excellent flexibility, significant taxation and investment advantages, and the opportunity to pass on your pension funds tax efficiently to your nominated beneficiaries in the event of your death.
In the UK the government has set a limit on the amount of tax relieved pension savings any individual can accumulate. This limit is known as the Lifetime Allowance (LTA). Pension benefits in the event of your death may attract a scheme recovery charge of 55%, and only the net value will be passed to your beneficiaries.
Also, if you live outside of the UK and receive an income from a UK pension, you could be paying income tax at unnecessarily high rates. Transferring your UK pension benefits to the Westerby International Retirement Plan could prove to be highly advantageous for you.
View The Westerby International Retirement Plan - QROPS brochure
If you’d like more information about Westerby Trustee Services
Sales +44 (0) 116 247 0304
Administration +44 (0) 116 326 0183
Email us here
We will contact you to arrange an initial consultation.
