Our team of advisors can assess your circumstances and help you to decide if Pension Release is suitable for your needs.

The Pension Solution for those leaving the UK.

International Pension Plans are often no more than glorified off shore savings plans.

We have access to overseas pension schemes that are much more. Provided that your UK registered pension scheme and the overseas pension scheme have the appropriate transfer out and transfer in powers respectively, individuals who leave the UK can become members of overseas pension schemes that are registered with HMRC (Her Majesty’s Revenue and Customs) as a Qualifying Recognised Overseas Pension Scheme (QROPS).

HMRC maintain a list of approved overseas pension schemes that is updated twice monthly.

QROPS transfers can be arranged for non-UK residents with a UK pension that has been deferred such as a Company Pension Scheme or members of a Public Sector Scheme i.e Armed forces, doctors, teachers etc. or a Personal Pension Scheme.

QROPS are not available to anyone who has bought an annuity but are available to those who are receiving an income from their pension fund but have not secured an annuity.

For individuals who have been non-UK residents for less than five complete tax years the benefits provided under the QROPS will be similar to those provided under UK law. Once this period has lapsed the benefits come into effect.

The advantages of transferring a UK pension Scheme are financial stability within regulated pension plans with Tax benefits that are outside the influence of the EU,
such as No taxation at source.

This is especially attractive in the light of the new European Savings Tax Directive.
Other advantages include the flexibility as to when you take your benefits from the fund with the option to take the whole fund in cash (subject to personal tax situation) with NO requirement to purchase an insurance annuity. Under a UK scheme a possible charge of 82% is payable if an annuity has not been purchased by the age of 75. It is not necessary for a member to reside in the country to which the transfer takes place.

You may also choose your own investment strategy and invest in stocks, bonds, alternative investments, deposits etc. commercial real estate, private equity and so forth. Investments may be denominated in any major convertible currency. Upon premature death any funds will be distributed to nominated beneficiaries in accordance to the scheme regulations.

For further information or to talk to one of our advisors contact:
Email: info@femalewealthmanagement.com