Search:

Home | Finance


Warning, 100% cash from QROPS is dangerous to your wealth!

By: Jason Mendleson

By now many expatriates will have heard about Pension transfers, in particular using QROPS schemes.
The idea of freeing capital sums from a frozen a non performing UK pension is very attractive; in addition the opportunity to move the entire pension out of Inheritance Tax Liability is equally compelling.
Since the actual values of UK pensions can be very high it is important to look carefully at the options available; you should always seek the guidance of a qualified pension adviser.
There are some companies offering to unlock 100% of the cash of existing UK Pensions. These schemes are not approved By HMRC and there are real dangers for your wealth, not only might you end up with a scheme that gets banned, you could end up with no investment return and even a fine from HMRC!
Don't move forward with any company that can't provide you with 100% HMRC approved schemes, make sure their advisers are experts within their field and make sure they are independent of any institution.
After you have found a pension transfer specialist they will guide you through all the correct procedures and ensure a smooth transfer of your hard earned pension.
These pensions can be highly beneficial to expatriates and anyone contemplating living or retiring abroad.
QROPS Main benefits include:
o Never purchase a UK annuity.
o Take a 25% tax free cash sum
o Leave all unused pension to your beneficiaries
o Choice of investment funds located offshore
o Take income tax free or massively reduced rates of tax
o Applies to any expat or anyone with a UK pension -release yours now.
It is important to note that transferring UK pensions is not suitable for all, for this reason people should ensure they use qualified advisers that can provide access to both approved QROPS and SIPPS schemes

Article Source: http://www.mycontentbuilder.com

Contact the pension transfer specialists at www.FreeUKPensions.info , they only offer 100% HMRC approved schemes and their pension experts are just an email away freeukpensions.info

Please Rate this Article

 

Not yet Rated

Click the XML Icon Above to Receive Finance Articles Via RSS!

Powered by Article Dashboard