Making good decisions about your future
As an expatriate, recent UK legislation has been introduced to give you significant advantage over your UK-based peers, but many people remain locked-in to plans and policies that do not make full use of these allowances.For some of you, retirement will be a long way off, and for others, it might be too close for comfort! Whatever your situation, now is a good time to review your financial plan and, possibly, to adjust it to create a portfolio that it more likely to meet your needs. The Tyler Group found Imperius Wealth Management Consultants; well- trained Consultants for the pension options open to UK expatriates, and are waiting for you to contact them to discuss your individual situation and needs.
QROPS: Qualifying Recognized Overseas Pension Scheme
If you are thinking about enjoying your retirement outside of the UK, then a government approved overseas pension scheme provides you with an opportunity to maximize your retirement income and avoid the pitfalls of UK tax and regulations. A QROPS gives your greater control of your pension at retirement and provides valuable benefits for your spouse and your children.
Some of the benefits:
• No annuity purchase required
• 100% of fund for surviving spouse and their children
• Free from UK Inheritance Tax after five years
• More freedom to invest
QNUPS: Qualifying Non-UK Pension Scheme
QNUPS came about through legislation introduced on the 15th February 2010, and corrected the situation whereby UK pension funds transferred into a QROPS might have been liable to UK IHT charges. A QNUPS needs to satisfy similar conditions as a QROPS and broadly enjoys the same benefits, but with added advantages:
• Trustees do not have to report back to HMRC
• No limit to contributions, or size of the fund
• Income in currency of choice, reducing currency risk
• Immediately exempt from UK taxes on death
• Broad range of assets can be include
2. Making good decisions about your future
As an expatriate, recent UK legislation has been
introduced to give you significant advantage over your
UK-based peers, but many people remain locked-in to
plans and policies that do not make full use of these
allowances.For some of you, retirement will be a long
way off, and for others, it might be too close for
comfort! Whatever your situation, now is a good time to
review your financial plan and, possibly, to adjust it to
create a portfolio that it more likely to meet your needs.
The Tyler Group found Imperius Wealth Management
Consultants; well- trained Consultants for the pension
options open to UK expatriates, and are waiting for you
to contact them to discuss your individual situation and
needs. Free Powerpoint Templates
Page 2
3. QROPS:
Qualifying Recognized Overseas Pension Scheme
If you are thinking about enjoying your retirement
outside of the UK, then a government approved overseas
pension scheme provides you with an opportunity to
maximize your retirement income and avoid the pitfalls
of UK tax and regulations. A QROPS gives your greater
control of your pension at retirement and provides
valuable benefits for your spouse and your children.
Some of the benefits:
• No annuity purchase required
• 100% of fund for surviving spouse and their children
• Free from UK Inheritance Tax after five years
• More freedom to invest
Free Powerpoint Templates
Page 3
4. QNUPS: Qualifying Non-UK Pension Scheme
QNUPS came about through legislation introduced on
the 15th February 2010, and corrected the situation
whereby UK pension funds transferred into a QROPS
might have been liable to UK IHT charges. A QNUPS
needs to satisfy similar conditions as a QROPS and
broadly enjoys the same benefits, but with added
advantages:
• Trustees do not have to report back to HMRC
• No limit to contributions, or size of the fund
• Income in currency of choice, reducing currency risk
• Immediately exempt from UK taxes on death
• Broad range of assets can be include
Free Powerpoint Templates
Page 4