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Pensions

Is it a good idea to transfer you UK pension funds overseas to a QROPs?

Pensions

 

Background

A number of high profile UK businessmen and women have left the UK to live abroad and many more are threatening to follow them. What should they do with the pension savings they have built up within UK registered pension schemes? This briefing document takes a look at the main advantages and disadvantages of transferring your UK pension funds overseas.

Key findings

If you are thinking of transferring your UK pension fund overseas then you will need to seek advice on how all the impacts, both for and against, will apply to your individual circumstances. This can help you in deciding the most appropriate course of action, the most suitable destination country or territory for your UK pension savings and the specific details of the QROPs providers in these jurisdictions.

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