QROPS flexibility

Moving pension resources to a QROPS does not necessarily automatically maximise returns for members! For example, drawing benefits direct from a UK pension scheme in a territory which has a favourable double tax treaty with the UK - may on occasion produce better benefits than a QROPS would provide. In addition, in such cases, the control and flexibility, available from a UK scheme, may be retained.

Many potential QROPS members will have enjoyed the considerable investment freedoms that UK schemes afford –as well as the high degree of personal control allowed. These are rarely found in QROPS, where local conditions dictate additional restrictions control passes to offshore independent trustees – who will often have discretion regarding the destination of death benefits. Clients will have inevitable and understandable fears about the security of their pensions resource.

Nigel Sloam & Co will provide independent, untied advice on QROPS selection overseas, where appropriate. We will also advise as to when the QROPS route is inappropriate! The firm, as a pension adviser, actively researches QROPS which replicate, insofar as is possible, the best features of our UK SSAS’s and SIPP’s. In conjunction with reputable QROPS providers, the firm provides ongoing advice as to the optimal use of entitlements under such arrangements.

We offer advice to members of UK Registered Pension Schemes who have become or intend to become non-UK resident.  We currently act as advisor to members resident in a range of different territories including;  

Andorra, Argentina,  Australia, Bermuda, Brazil, Cayman Islands, Cyprus, Dubai, France, Germany, Ireland, Israel, Italy, Kenya, Monaco, Portugal, Spain, Switzerland, South Africa, USA, Zambia and Zimbabwe.