UK Pension Transfers- SIPPS & QROPS

Chartered Advisers’ expert advisers specialise in structuring UK pension benefits and extend the best pension-related advice to the clients by evaluating the pros and cons of clients UK pension transfers.

These schemes are of great help to people who are now living outside the UK. We help you gain tax-free cash income by helping you choose the right plan and understanding the UK Pension Scheme. It will help the clients to answer all the queries ranging from why the transfer should be executed to costs involved in making the transfer to the forms and documentation required in the process.

The Approach:
Chartered Advisers will help you to decide which plan is the best for you. For charting out the plan, the adviser will need to know your native county, current tax structure, country of employment and details of your current plans subscription. Once we acquire all the required information, we will propose the best plan available.

SIPPS & QROPS:

We provide independent, fee-based advice on the use of QROPS (Qualifying Recognised Overseas Pension Schemes) or SIPPs (Self Invested Personal Pensions) to allow for the transfer, and subsequent management, of UK pensions to personal pension structures. Importantly, while a Pension Transfer can provide for a wide range of financial planning benefits (especially for expatriates) if we believe that a transfer is not in your best interests, our advisers will tell you so.

Self-invested Personal Plan (SIPP) is a UK based private pension plan which you can design as per your convenience. The scheme being UK based comes under the ambit of UK legislation. The experts help you create a plan which provides you maximum freedom and flexibility in using your funds.

Qualifying Recognised Overseas Pension (QROPS) is an international plan. The scheme must fulfill the criteria set by HMRC. If the value of QROPs is above the value of UK lifetime allowance, it will stand to escape the excess tax charge which applies to the lifetime access charge. Opting the QROPs scheme will also save you from UK inheritance tax.  The listed experts at Chartered Advisers help the clients understand the suitability of the plan as per their requirement and make a choice of the right plan.