A transfer of a UK pension fund to a pension scheme provider in an overseas location such as Guernsey, New Zealand or Isle of Man is done via a Qualifying Recognised Overseas Pension Scheme or QROPS, pronounced “queue-rops”.
Don't wait until you retire to take control of your UK pension. If you are in your 40s, 50s or 60s there are some compelling reasons as to why you should address your pension now. As a non UK resident with an existing UK pension fund and as legislation currently stands there remains the opportunity to take control of your pension fund. Do not wait until you retire. It may be too late.
The market for overseas pensions transfers opens up.
During the last few months the market for the transfer of UK pension funds to overseas providers via a Qualifying Recognised Overseas Pension Schemes or QROPS has started to open up. We welcome this move and we are well positioned to be able to offer one of the largest and most up to date selections of QROPS.
We have put together a list of the most frequently asked questions when it comes to discussing QROPS with our clients. If your answer it not here, please do not hesitate to contact us and we will endeavour to answer your question personally.