USA residents can transfer their UK pensions to a QROPS!
QROPS for USA Residents
QROPS pensions have been around for about 10 years. QROPS are a result of an EU directive. Since then tens of thousands of UK expats and international workers returning home have transferred their UK pensions to a QROPS. There are many benefits a QROPS can offer compared to UK pensions. QROPS pensions can offer considerable lower tax than UK pensions, more flexibility, more control and greater investment choice. QROPS can also be structured in any currency of your choice, eliminating currency exchange rate fluctuations, risk and not least currency exchange cost!
For many years QROPS were not availavle to USA residents as the IRS did not allow such transfers and deemed them illegal. As a company we have worked closely with QROPS providers and investment vehicle providers enabling us to offer USA residents IRS compliant QROPS transfers at low cost.
A QROPS transfer undoubtedly is of great benefit to anyone who is eligible to do so. Particularly given the latest wave of pension reforms proposed by the UK coalition government. Which include measures to allow Final Salary (Defined Benefit) pension scheme trustees, to reduce transfer values at their discretion! Given this you seriously need to consider taking action sooner rather than later. Take the first step to securing your retirement, contact us now for Free, no obligation advice on your UK pensions.
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