The Ultimate Guide to Pension Transfers for UK Expats - QROPS Specialists

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<h1>The Ultimate Guide to Pension Transfers for UK Expats - QROPS Specialists</h1><strong> Author: <a href='http://www.articleseen.com/profile_Richard Malpass.aspx'>Richard Malpass</a></strong><br /><p>Ultimate Guide to Pension Transfers for UK Expats If you are looking for the ultimate guide in how to reduce your tax contribution to the UK government as a UK expat you have come to the right place. Not only can QROPS Specialists maximize your pension and minimize tax relief for UK expats, but also help out UK residents condsidering living or retiring abroad in the future. QROPS specialists help UK expats avoid the UK tax man and maximize their pension pot in the process. Even non-UK residents who have worked in the UK can avoid UK taxes though a pension transfer via a QROPS. For example, a U.S. or Australian citizen who has worked in the UK for several years and has built up a substantial pension pot may be better off by tranfering their pension to a Qualifying Recognized Pension Scheme (QROPS) in order to avoid UK taxes. A QROPS can avoid UK income tax (which can be up to 50% for higher rate tax payers), capital gains tax (up to 28%), dividends tax and inheritance tax (up to 40%). In the UK, most private pensions are now subject to a tax upon death which equates to 55%. This means that if you die, your spouse gets less than half your pension. the beauty of a QROPS pension transfer is that your pension is fully protected from these taxes. Not only do you avoid UK income tax, capital gains tax (CGT), dividends tax and inheritance tax (IHT), but if you die, the entire pension pot gets passed to your nearest and dearest. Furthermore, you can decide exactly who receives your pension and in what proportion. You decide not only the beneficiaries, but the amount that they will receive. Ultimate Guide to Pension Transfers. Lowest QROPS Fees So, which QROPS trust company should you use to transfer your pension? Well, it will depend on several factors, including: - your age and date of birth - the type of pension you hold - where you live now and where you wish to retire - your residency status in the country you live - the amount of your pension - whether your pension forms part of a divorce - if you are drawing a pension already; for example, if you have bought an annuity already, a QROPS pension transfer is not allowed - the type of access you require for your pension - the flexibility of your pension: do you need multiple investment vehicles or do you need to hold commercial property? QROPS Specialists can find not ony reputable, low cost QROPS companies which have low fees for your pension transfer, but we have found, through experience, the companies which have fluid administrative departments to ensure your pension is managed properly. We will also find the correct QROPS jurisdiction to maximize the tax relief on your pension as well as provide the most protection for current and possible future tax changes in the relevant country where your QROPS will be held. Ultimate Guide to Pension Transfers. Higher Rate Tax Payers and Tax Relief For higher rate tax payers with or without multiple properties, we can help reduce your liability to UK tax to an absolute minimum. In many cases, you will not have to pay the UK tax man anything in regards to your UK pension(s). New QROPS rules in the Isle of Man (the IOM 50c rule) means that you can now get access to any frozen pension(s) you may hold and unlock them. Not only will you be allowed access to 30% as a lump sum. But, you will be allowed 100% of any increase in the value of your pension pot as a lump sum after the QROPS pension transfer. For those with large pensions and multiple properties, this means more investment freedom. You can then use part of your pension for future property or other asset purchases whereas normally your monies would be tied into providing you with a pension income. This investment freedom is invaluable for the wise investor. QROPS Specialists can guide you to choosing the right QROPS structure with the lowest fees and best administrative back up. Ultimate Guide to Pension Transfers. QROPS Benefits In summary, QROPS specialists can help you legimately avoid the Inland Revenue as well maximize your pension pot. Here are some of the benefits of a QROPS pension transfer: - Avoids UK income tax - Avoids UK capital gains tax (CGT) - Avoids UK dividends tax - Avoids UK inheritance tax - Avoids UK death tax on pensions - Allows currency choice. You can move your pension into GBP, EUR, CHF, AUD or USD. So, if you live in Spain, you can move your pension into Euros to avoid currency fluctuations to protect your pension. - Investment freedom: You can choose a low risk pension with capital protection to secure your pension, whilst offering a higher rate of interest than that offered by the banks or take some more risk if you are younger and gain access to emerging market equities, gold, silver, oil and gas funds as well as commodity funds in order to maximize your pension pot.</p><strong>About the Author:</strong><br />For expert advice, please contact <a rel="nofollow" href="http://www.qropsspecialists.com">QROPS Specialists</a> at:info@qropsspecialists.com or see the web site <a rel="nofollow" href="http://www.qropsspecialists.com">http://www.qropsspecialists.com</a> Ultimate Pension Transfer Guide for UK Expats by QROPS Specialists.<p> Article Source: <a href='http://www.articleseen.com/Article_The-Ultimate-Guide-to-Pension-Transfers-for-UK-Expats-QROPS-Specialists_90459.aspx'> http://www.articleseen.com/Article_The Ultimate Guide to Pension Transfers for UK Expats - QROPS Specialists_90459.aspx</a></p>

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Keywords : qrops, qrops advice, qrops low cost, qrops pension, uk pension legislation lump sum allowance, avoid paying taxes,

Category : Finance : Finance